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.

News
The DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX.
DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management
Amaka Nwaokocha
2023-10-01T07:47:28+01:00
10361
News
Sam Bankman-Fried’s lawyer asserts that the proposed questions already insinuate his guilt in fraud and money laundering.
Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questions
Ciaran Lyons
2023-09-30T06:51:33+01:00
6364
News
One suspect was arrested while trying to destroy potential evidence with paper shredders and bleach in the bathtub of an apartment.
Hong Kong and Macau police seize over $2.8M related to JPEX fraud case
Ezra Reguerra
2023-09-29T12:56:00+01:00
1844
Interview
“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges.
How long could Sam Bankman-Fried go to jail for? Crypto lawyers weigh in
Tom Mitchelhill
2023-09-29T06:34:19+01:00
10358
News
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges.
Former CEO of sham crypto miner IcomTech pleads guilty to wire fraud for Ponzi scheme
Derek Andersen
2023-09-27T22:40:00+01:00
2389
News
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million.
Hong Kong police recover $11M worth of assets in JPEX case: Report
Prashant Jha
2023-09-27T13:17:26+01:00
4161
News
Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations i...
Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge
Tom Mitchelhill
2023-09-27T02:49:21+01:00
2753
News
In a recent court filing, a United States law firm that had previously offered services to FTX challenged allegations of assisting Sam Bankman-Fried in his alle...
FTX’s former external legal team disputes involvement in fraud allegations
Ciaran Lyons
2023-09-24T05:24:05+01:00
9431

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