News
Jeremy Jordan-Jones was charged with wire fraud, securities fraud, making false statements to a bank and identity theft.
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Fraud News
Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.
- Explained
Crypto DaaS platforms empower scammers with turnkey tools to steal funds. These have now become a bigger threat than ransomware.
- News
The co-founder of Telegram-based crypto project Blum, Vladimir Smerkis, is in custody in Moscow over accusations that he committed large-scale fraud, TASS reports.
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UK crypto firms will need to report customer transactions on their platforms from 2026 onward as part of an initiative to strengthen crypto tax reporting practices.
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Hong Kong police have arrested 12 people tied to a $15 million crypto laundering operation, which was dismantled on the same day.
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A new Eric Trump token on Solana surged 6,200%, raising rug-pull concerns as blockchain sleuths trace insider wallet activity and repeated scam attempts.
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Another 12 people have been charged over a massive crypto theft ring, which at one point stole 4,100 Bitcoin from a single person.
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The leader of an NFT project and Bitcoin mining venture has been sued by his former business partners for allegedly failing to pay them their promised equity returns.
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The hacker who helped breach the SEC’s account on X last year spent the following weeks trying to cover up evidence while searching on the internet for how to tell if the FBI was coming after him.
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“Don’t do crime CRIME IS BAD xoxo from Prague,” the hackers wrote as they gave the LockBit ransomware gang a taste of their own medicine.
18816 - Opinion
Honey fraud is a growing global issue, but blockchain-powered self-sovereign identity (SSI) offers an effective solution to tackle food fraud with tamper-proof verification.
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The DOJ stated that Mashinsky’s plea showed that his crimes were “not the product of negligence” but the result of “deliberate, calculated decisions to lie.”
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The OCCRP reports Bankera’s founders channeled around half of the $114 million the firm raised in its 2018 ICO to a Vanuatu bank to buy real estate in France and Lithuania.
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Mosca, which allows investors to buy up to 100,000 USDT with cash daily, could not confirm whether its platform had anything to do with a local $6 million fraud scheme.
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Former SEC chair Jay Clayton has released public statements on criminal cases involving crypto since becoming interim US Attorney for the Southern District of New York on April 22.
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