Crypto ATMs emerging as popular method for crypto scam payments: FBI
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers.
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Mastercard Launches New Crypto Product to Help Banks Battle Fraud
The multinational financial services company – Mastercard – released a new product called “Crypto Secure.” Its main purpose is to assist banks in preventing fraudulent cases associated with digital assets.…
Delaware Authorities Crack Down on ‘Pig Butchering’ Crypto Scams
The Delaware Department of Justice’s Investor Protection Unit halted the operations of 23 entities and individuals involved in cryptocurrency romance frauds, known as “pig butchering” scams. A recent analysis conducted…
China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)
Law enforcement agents from Hengyang (a city in the southern Chinese province Hunan) have reportedly busted a criminal group that employed cryptocurrencies to launder 40 billion yuan (approximately $5.6 billion).…
YouTube Channel of South Korean Government Hacked in an Elon Musk-Crypto Scam (Report)
Hackers have reportedly attacked several big-name South Korean YouTube channels in the past few months. After gaining access, most wrongdoers used the platform to upload cryptocurrency-related videos. Among the victims…
$2 Million in Assets Seized From a 23-Year-Old Who Allegedly Defrauding Investors
Aiden Pleterski – a 23-year-old Canadian trader and self-described “Crypto King” – is being sued after allegedly failing to return at least $35 million to his investors. Authorities have already…
US SEC Sues Owner of Alleged Ponzi-Like Cryptocurrency Scam
The Securities and Exchange Commission launched a lawsuit again two advisory companies and their owner for running a Ponzi-like cryptocurrency scheme. The firms operated for over four years and manage…
The US DoJ Established a Unit of Prosecutors to Limit Crypto Crime
The Department of Justice (DOJ) of the United States created a unit consisting of over 150 federal prosecutors whose goal will be to combat cryptocurrency-related criminal activities. In addition, the…
Dutch Police Arrested a Man for Allegedly Laundering Millions With Crypto
The cybercrime team of the Central Netherlands police arrested a 39-year-old resident of Veenendaal on suspicion of laundering tens of millions of euros via stolen cryptocurrencies. The police also suggested…
Florida Man Faces Five Years in Prison for Stealing $100M Worth of Crypto
Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets.…
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