Crypto Scam

Russian authorities arrested Vladimir Smerkis, a co-founder of the Telegram-based crypto platform Blum, on fraud charges. A Moscow court quickly approved his detention as investigations are ongoing. The case reportedly...

German law enforcement shut down the crypto swapping service eXch on April 30, seizing €34 million in assets and eight terabytes of data. According to the press release, the move...

TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves.  The alleged scheme centers around a web of...

The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a rule that would bar the Cambodia-based Huione Group and its affiliates from accessing the U.S. financial system. The...

The Economic and Financial Crimes Commission (EFCC) of Nigeria has declared Elie Bitar, a foreign national, wanted in connection with a massive crypto investment fraud. The scheme ran through the...

A crypto investor lost a significant amount of digital assets after falling for a sophisticated phishing scam disguised as a LinkedIn job interview. While applying for jobs on LinkedIn, the...

Federal prosecutors have asked a U.S. court to sentence Alex Mashinsky, the founder of Celsius Network, to 20 years in prison. The DOJ claims he orchestrated a massive fraud that...

Elon Musk warned the public about rising crypto scams, primarily focusing on social media and messaging app users. Musk shared a meme that targeted the cryptocurrency community through his social...

The UAE Securities and Commodities Authority (SCA) has issued a series of investor alerts, cautioning the public on fraudulent financial schemes currently targeting the country.  The warnings, shared on X,...

The South China Morning Post (SCMP) has filed a police report after finding a fraudulent website impersonating its digital publication to spread cryptocurrency investment scams. The fake site published a...

Rug pulls may have happened less often so far in 2025, but the financial damage they’re causing has increased dramatically, according to blockchain analytics firm DappRadar.  Their report shows just...

Have you ever heard of romance-based scams? Yes, it has happened to Shreya Datta, who was working in a Philadelphia-based tech company. It started as a so-called relationship through the...

Taiwanese authorities have charged four senior executives of digital asset management platform Steaker for allegedly raising NT$1.48 billion ($45.8 million) through unauthorized cryptocurrency investment schemes. The Taipei Prosecutors’ Office confirmed...

Sam Bankman-Fried’s federal prison journey took a sharp turn this week when the former FTX CEO, currently serving a 25-year sentence for investor fraud, was abruptly transferred from Brooklyn’s Metropolitan...

The Australian Federal Police (AFP) are currently investigating a widespread cryptocurrency scam in which fraudsters are impersonating representatives of the Binance exchange.  The scam has already ensnared over 130 Australians,...

Burwick Law Firm has initiated a class action in the Supreme Court of New York against Kelseir, KIP, and Meteora, alleging that the parties collaborated to orchestrate an unfair launch...

An unidentified trader lost 26,820 USDC in less than two minutes on Thursday morning after a fake bullish signal on the TRUMP memecoin.  According to reports, the trader withdrew 504,820...

The LIBRA crypto scandal has entered a new phase as Argentine lawyer Gregorio Dalbon formally requested an Interpol Red Notice for Hayden Davis, the alleged central figure behind the token’s...

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...