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Braden Karony, former CEO of SafeMoon, was found guilty of defrauding investors and using stolen funds to buy luxury homes and vehicles. A New York federal jury has found Braden John Karony, former CEO of SafeMoon, guilty on all counts…
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Hong Kong authorities busted a cross-border crypto laundering network that allegedly processed approximately HK$118 million in illicit funds.
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A Wellington-based man was arrested in Auckland as part of an international investigation into a crypto scam operation allegedly stealing $265 million (NZD$450 million) from seven victims. New Zealand’s Financial Crime Group made the arrest following an FBI-led probe into…
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Coinbase CEO revealed how blackmailers received sensitive information on its customers, leading to scam attempts.
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Hong Kong police are ramping up efforts to secure the city’s web3 space with a new tool to help track illegal crypto flows. Hong Kong’s Cyber Security and Technology Crime Bureau revaled on Wednesday its newly developed crypto tracing tool…
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Telegram has cracked down on Xinbi Guarantee, a USDT-powered marketplace linked to crypto pig butchering scams and money laundering, after Elliptic had exposed $8.4B in illicit transactions. On May 13, blockchain analytics firm Elliptic, reported that Xinbi Guarantee, a Telegram-based…
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Non-custodial crypto wallet Coinbase Wallet is about to launch a new feature that some crypto security experts warn could become a new tool for scammers to target users. Coinbase Wallet, the cryptocurrency wallet developed by the Coinbase exchange, appears to…
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The Emmy-winning Ozark star Julia Garner is reportedly set to headline Netflix’s dramatization of the FTX saga as Caroline Ellison. Julia Garner is reportedly in talks to play Caroline Ellison, a former top executive in Sam Bankman-Fried‘s fallen crypto empire,…
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Lawyers for Celsius founder Alex Mashinsky argue that prosecutors are stripping him of his humanity to support a harsh sentence disconnected from his true actions. Alex Mashinsky‘s legal team has criticized the U.S. government’s request to sentence the former Celsius…
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The United States has imposed sanctions on a Myanmar warlord and the militia he leads for their involvement in major cyber scams, including cryptocurrency-related fraud, that have harmed U.S. citizens. U.S. Department of Treasury’s Office of Foreign Assets Control announced…
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Amid rising crypto crime, Crystal Intelligence is acquiring Whale Alert’s Scam Alert platform to turn individual victim reports into actionable intelligence for law enforcement. Crystal Intelligence, a blockchain analytics and risk monitoring firm, announced it’s acquiring Scam Alert, a public…
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U.S. prosecutors are seeking a 20-year prison sentence for Celsius founder Alex Mashinsky, calling his actions a calculated fraud that left thousands of customers with billions in losses. The U.S. Department of Justice is asking a federal judge to sentence…
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Transnational cybercrime gangs in Southeast Asia continue to grow, expanding their reach through crypto and custom blockchain services, the UN reports. Cybercrime syndicates in Southeast Asia are really stepping up their game, and crypto is right at the heart of…
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Crypto-related fraud is booming in Canada as scammers increasingly use AI tools to target investors, the Ontario Securities Commission says. Canada‘s top securities watchdog is sounding the alarm on a wave of crypto scams, saying fraudsters are now using slick…
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Hundreds of investors asked a federal judge to impose a life sentence on Celsius CEO Alex Mashinsky for his role in the crypto lender’s 2022 collapse. Celsius Network investors are calling for a life sentence for co-founder and former chief…
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Investment scams involving crypto accounted for more than 50% of all reported crypto losses in 2024, according to the FBI’s latest report. Cybercrime involving cryptocurrencies hit record highs in 2024, with the FBI’s Internet Crime Complaint Center reporting $16.6 billion…
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