Crypto Scam
DOJ Secures 9th Conviction in $263M Crypto Heist: Money Launderer Pleads Guilty to RICO
The United States Department of Justice (DoJ) has nailed another member of the social engineering scam that stole $263 million in the past few years. According to U.S. Attorney Jeanine...
Crypto Scam Horror: How a San Jose Widow Was Duped Out of $1 Million
A widow in San Jose who believed she had found a partner online, instead became the victim of a massive crypto scam, losing almost $1 million. The case, reported by...
US Prosecutors Push for 12-Year Sentence as Do Kwon’s Terra Case Nears Final Judgment
Federal prosecutors have asked a New York judge to impose a 12-year prison sentence on Terraform Labs co-founder Do-hyung Kwon, arguing that the collapse of TerraUSD amounted to a “colossal...
Inside 2025’s Crypto Pre-Sale Scams And The Red Flags Buyers Miss
The digital asset economy is facing an unprecedented crisis of trust. In the first half of 2025 alone, malicious actors siphoned more than $2.17 billion from the ecosystem, putting 2025...
US Justice Department Seizes Domain Linked to Burmese ‘Pig Butchering’ Ring
The Justice Department has taken down a web domain used to defraud crypto investors. On Tuesday, the Justice Department announced the takeover of tickmilleas, and has obtained its control together...
Interpol Declares Global Emergency Over Transnational Crypto Scam Networks
The International Criminal Police Organization (Interpol) has formally elevated “Transnational Scam Centres” to the status of a priority global security threat. In a resolution adopted at the 93rd General Assembly...
Chen Zhi’s Rise and Fall: How a Fujian-Born Tycoon Became the Center of a $15 Billion Global Fraud Case
Chen Zhi, a Fujian-born Cambodian businessman, is now at the center of an international investigation that ties him to one of the largest financial fraud operations uncovered in recent years....
UK Fraud Office Probes Basis Markets Collapse After $28M Fundraising
The UK’s Serious Fraud Office (SFO) has opened an investigation into the collapse of Basis Markets, a cryptocurrency project that raised $28 million before abruptly shutting down. This call for...
New Report Links President Milei to LIBRA Crypto Fraud: Here’s What Investigators Found
A congressional investigative commission released a 200-page report on Argentine President Javier Milei’s alleged involvement in the now-infamous LIBRA crypto scandal. The document was published after three months of inquiry...
US Court Sentences Samourai Founders to Five and Four Years in Prison
United States Attorney Nicolas Roos has announced the sentencing of Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet. According to the announcement, both Rodriguez and Hill participated in...
Malaysia Suffers Over $1 Billion in Losses From Illegal Bitcoin Mining Power Theft
Malaysia has suffered a massive financial loss due to illegal cryptocurrency mining. The national utility company, Tenaga Nasional Berhad (TNB), recorded over $1.1 billion in losses from electricity theft. These...
Another Suspect Pleads Guilty in the Long-Running RICO Conspiracy Crypto Theft Scheme
Kunal Mehta, a 45-year-old individual from Irvine, California, has become the eighth suspect to plead guilty in the ongoing case of a multi-state conspiracy that used social engineering to steal...
Detroit Man Gets 9 Years For Secret Bitcoin Transfers To Help ISIS Overseas
Federal prosecutors said Detroit resident Jibreel Pratt, 26, has been sentenced to nine years in federal prison after he admitted concealing Bitcoin transfers he believed would support the Islamic State...
DOJ Confirms $15M Seizure Linked to APT38 After 2023 Crypto Thefts
The U.S. Justice Department has announced a series of joint actions directed at eliminating North Korea’s illicit revenue networks across the United States and overseas, detailing five guilty pleas and...
Scammers Exploit Australia’s ‘ReportCyber’ Portal to Impersonate Police and Steal Crypto
Australian authorities have issued an urgent warning about a sophisticated scam where fraudsters are exploiting the country’s national ReportCyber system to impersonate Australian Federal Police (AFP) officers and steal cryptocurrency....
Canada Slams Cryptomus with Record C$177M Fine Over Massive AML Lapses
Canada’s financial intelligence unit, FINTRAC, has imposed its largest penalty ever, levying a C$176.96 million (approx. $126.2 million USD) fine against crypto exchange Cryptomus for egregious violations of anti-money laundering...
Australia Seeks to Restrict or Ban Crypto ATMs After 85% Scam-Linked Use
AUSTRAC (Australian Transaction Reports & Analysis Centre) is being granted expanded regulatory powers to tackle what authorities are calling high-risk crypto ATM activity. Proposed changes include allowing the financial intelligence...
John Deaton Rejects Any SBF Pardon As DOJ And FBI Stand By 25-Year Sentence
Attorney John E. Deaton has urged authorities and political leaders to reject any effort to pardon or commute the sentence of Sam Bankman-Fried, the former FTX chief convicted of arranging...
FTX Alerts Users to Phishing Scams Amid $1.6B Creditor Payout
The official X account of FTX has issued a warning about phishing campaigns targeting users awaiting bankruptcy distributions. The alert comes amid reports of deceptive emails impersonating Kroll Restructuring Administration...
Chinese National Convicted in Case Tied to World’s Largest Bitcoin Seizure
A Chinese national, Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims. Authorities allege...
Thane Becomes India’s First City with Dedicated Crypto Investigation Cell
India has created its first dedicated Cryptocurrency Investigation Cell in Thane. The unit will track illicit transactions and dismantle schemes that use crypto to launder stolen funds. Officials said the...
Hypervault Rug Pull? PeckShield Flags $3.6 Million Withdrawal, Mixing via Tornado Cash
PeckShield flagged a $3.6 million abnormal withdrawal from Hypervault, a DeFi vault project tied to Hyperliquid. The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped...
Crypto’s Invisible Enemies: How to Build a Fortress Against Hacks, Scams, and Real-World Threats in 2025
In 2025, the headlines are all too familiar: another hack, another scam, another crypto investor targeted. The threats are growing, and so are the attackers. What used to be simple...
Suspicious Crypto Activity Soars in South Korea, Topping 36,000 Cases in 2025
Between January and August 2025, 36,684 suspicious transaction reports (STRs) were submitted by virtual asset service providers (VASPs), say South Korea’s Financial Intelligence Unit (FIU) and Korea Customs Service (KCS)....
Binance Issues Urgent Reminder for Scam Alert Over Fake Listing Agents
Binance has issued an important security reminder for projects on September 9, warning crypto projects to be wary of scammers claiming to be listing agents or intermediaries who promise fast-track...
