Crypto Scam

Findings from India’s Financial Intelligence Unit (FIU) indicate suspicions that cryptocurrencies are being used for illicit activities, including terrorism financing, cybercrime, narcotics trafficking, and illegal betting. Prepared during the 2023-2024...

Sam Bankman-Fried, the former CEO of FTX, has been placed in solitary confinement after giving an unauthorized interview with Tucker Carlson.  The interview, which was done without the approval of...

Disgraced FTX founder Sam Bankman-Fried, now serving a 25-year sentence for fraud and conspiracy charges, gave a rare interview from federal prison, talking with former Fox News host Tucker Carlson.. ...

FTX/Alameda Research performed the largest unstaking of Solana (SOL) tokens since November 2023, moving 3.03 million SOL, valued at roughly $432.5 million.  These tokens were sent to 37 wallets, likely...

The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the...

The Virtual Assets Regulatory Authority (VARA) of Dubai has issued an official alert regarding the company MKAN Coin DMCC. In a statement on the official VARA website, they cautioned that...

The latest $1.5 billion hack of crypto exchange Bybit has once again put the spotlight on North Korea’s cybercrime activities. Reports have consistently revealed the stolen digital assets are funneled...

Sam Bankman-Fried (SBF), the former head of the defunct-FTX exchange, has offered his take on the company’s downfall in a recent prison interview. SBF firmly denied that FTX went bankrupt,...

Pi Network is facing growing scrutiny. This is especially true from Bybit CEO Ben Zhou and Chinese authorities. Specifically, Zhou has publicly condemned the network as a scam. To back...

Coinbase CEO Brian Armstrong has put the crypto world on notice about illegal activities in the fast-growing memecoin market.  Reflecting on the rising popularity of these tokens, Armstrong cautioned traders...

Argentina’s financial watchdog, the National Securities Commission (CNV), has decided against intervening in the LIBRA case. Instead, the agency is moving forward with plans for stricter regulation of Virtual Asset...

Dave Portnoy, founder of Barstool Sports, is facing scrutiny for his involvement in multiple meme coin ventures, raising speculation about possible legal consequences as a result. Polymarket, the decentralized information...

Argentina’s President Javier Milei is under fire after promoting a cryptocurrency called LIBRA. The token tanked shortly after his endorsement, and now he’s facing serious blowback.  Opposition lawmakers, like Leandro...

Argentina’s President Javier Milei has retracted his endorsement of the LIBRA meme token, stating he had no connection to the project. His reversal comes after the token’s price tanked almost...

The U.S. government has agreed to extradite convicted Russian crypto-laundering suspect Alexander Vinnik in a prisoner exchange with Russia, securing the release of Marc Fogel, an American teacher detained in...

Ben Armstrong, better known as BitBoy, has gone public with serious accusations against former business associates, claiming they engaged in extortion, fraud, and organized crime. This messy situation, fueled by...

Thai authorities, in collaboration with Chinese police, have frozen cryptocurrency assets worth $2.5 million (around 84 million Thai baht) connected to two Chinese nationals. According to Khaosod English, Thai police...

Former Malaysian Prime Minister Mahathir Mohamad’s X account was compromised, with hackers using the platform to promote a fraudulent cryptocurrency named “$MALAYSIA” on the Solana blockchain.  The attack, which follows...

Failed cryptocurrency exchange FTX says it will pay back some creditors from the Bahamas on February 18, 2025. This repayment is aimed at customers with claims under $50,000 and will...

Pump.fun, the memecoin platform, is now at the center of a legal dispute in the United States. A class action lawsuit was filed in the Southern District of New York....

Chainalysis teamed up with the Delta Police Department in Canada for a groundbreaking operation. Code-named “Spincaster,” this initiative took down a sophisticated crypto scam network. The operation froze over $25...

India has ramped up its fight against the rising tide of crypto-related scams, particularly the notorious “pig butchering” schemes, by collaborating with tech giants Google and Meta. According to the...

A man posing as an Uber driver in Scottsdale, Arizona, has been arrested after allegedly stealing $300,000 in crypto assets from two unsuspecting passengers. The suspect, Nuruhussein Hussein, faces multiple...

A South Korean court denied the appeal of the Hancom Group chairman’s son, upholding his prison sentence for creating slush funds using crypto. Specifically, the court had sentenced Kim’s son...

Radiant Capital has confirmed new findings surrounding the devastating $50 million cyberattack it suffered on October 16, 2024. An investigation by cybersecurity firm Mandiant identified the attackers as UNC4736, a...