crypto fraud

Austrian law enforcement officers have accused eleven people of participating in a pyramid scheme related to real estate investments and cryptocurrencies, in which 40,000 investors lost assets totaling about $16 million. Among them was the 24-year-old stepson of an unnamed celebrity. The court...

The U.S. Securities and Exchange Commission (SEC) has accused the NanoBit and Coinw6 platforms of fraudulent cryptocurrencies, defrauding investors, and embezzling user assets. According to the SEC's Director of Compliance, Gurbir Grewal, the NanoBit platform operated from October 2023 to June...

The second richest citizen of China according to Forbes magazine for 2001 was convicted in Singapore for organizing a multimillion-dollar financial pyramid disguised as a crypto investment. On Monday, August 26, Yang Bin was sentenced to six years in prison and fined S$16,000 ($12,284). A...

The former CEO of the cryptocurrency company OmegaPro was detained in Istanbul on suspicion of organizing fraud with digital assets and defrauding millions of depositors. The police detained Andreas Szakacs, despite his new passport issued in the name of Emre Avcı. According to law enforcement...

The Fifth Criminal Division of the Seoul Central District Prosecutor's Office has filed the case of the CEO of Wacon, accused of organizing a fraudulent crypto investment scheme. Byun Young-oh and his associates, according to the indictment, attracted investors with promises of high interest...

Rashon Russell, a former employee of the German investment bank Deutsche Bank, admitted to involvement in a scam scheme to defraud 29 clients of the R3 crypto fund for $1.5 million. According to the federal court in Brooklyn, the defendant also confessed to stealing personal information...

Hong Kong's Tech Crime Division said it received a complaint from a 35-year-old local resident. The man claimed to have sold USDT stablecoins worth about HK $ 1 million ($128,230) at the Tsim Sha Tsui exchange. And was deceived. The exchange staff convinced the user to transfer USDT to the...

It took 87 malicious apps and 100,000 victims for the company to pay attention to the situation. Earlier last week, Google filed a lawsuit against two Chinese app developers, accusing them of creating fraudulent apps for investing in cryptocurrencies and publishing them on the Google Play...

In the United States, a non-profit organization Security Alliance has been created, which will investigate hacking, as well as fraudulent attacks on cryptocurrency exchanges and services. The Security Alliance will be headed by the head of the security department of the Paradigm Foundation...

A Brooklyn federal court has issued an arrest warrant for the director of USI Tech on charges of defrauding investors, money laundering and wire fraud. Horst Jicha, prosecutors allege, advertised a highly profitable crypto investment scheme for beginners through the company USI Tech. The...

An employee of the Federal Bureau of Investigation from the Texas city of El-told about scammers who pretend to be representatives of the local branch of law enforcement agencies and try to force victims to transfer crypto assets to them. Fraud takes place in several stages, designed to make...