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Nevin Shetty, the former senior executive of startup Fabric, has been sentenced to two years in prison for a $35 million wire fraud scheme involving a high-risk cryptocurrency gamble. A…
Bybit intercepted $300 million in fraudulent withdrawals in Q4 2025 using a new AI-powered risk framework. The exchange says its multi-layered defense system sets a new standard for proactive crypto…
Washington’s newest crypto-fraud crackdown is starting to put real numbers on a shadowy ecosystem that has quietly drained innocent people’s savings for years. Federal prosecutors say the money trail is…
Australian detectives have dismantled a major investment scam that defrauded over 190 elderly and vulnerable victims of $3.5 million. The Nexopayment Deception Australian Cybercrime Squad detectives have charged a man…
A fugitive crypto scam operator Daren Li was sentenced in absentia to 20 years in prison and three years of supervised release for laundering more than $73 million stolen from…
A U.S. court sentenced the former CEO of defunct crypto firm Safemoon to 100 months in federal prison for defrauding investors. The CEO was also ordered to forfeit $7.5 million…
In 2025, Chinese-language money laundering networks processed $16.1 billion in illegal crypto, nearly 20% of the global underground economy. Telegram Channels as Laundering Hubs Chinese-language money laundering networks funneled an…
In 2025, Web3 fraud surged to $15.87 billion, far surpassing the $2.5 billion plus lost to traditional hacks. Unlike isolated breaches, losses were spread across millions of transactions, reflecting the…
The SEC moved swiftly against alleged crypto fraud, accusing multiple trading platforms and investment clubs of orchestrating a multimillion-dollar scheme that lured retail investors through social media, messaging apps and…
Crypto scams are rapidly migrating into private group chats, where fraudsters pose as trusted experts, use AI-powered deception, and funnel retail investors toward fake trading platforms, prompting a fresh SEC…