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Crypto Scam News
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Latest Crypto Scam News
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MEXC revealed an alarming rise in trading fraud, with a 200% spike globally.
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Netflix has announced the two actors who will be playing Sam Bankman-Fried and Caroline Ellis in the streaming service’s upcoming limited series inspired by the FTX scandal. On May 30, the major streaming platform officially unveiled the two young actors…
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The U.S. Treasury Department on Thursday sanctioned Funnull Technology Inc., a Philippines-based firm allegedly at the center of a vast cyber fraud network enabling cryptocurrency scams. Funnull is accused of providing technical infrastructure for hundreds of thousands of websites linked…
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Vietnamese authorities have arrested key figures behind a nationwide cryptocurrency scam that defrauded tens of thousands of investors out of nearly 10 trillion VND (approximately $400 million). The fraud ring operated under the guise of a fake virtual currency exchange…
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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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