DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations.
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Warning: How ‘One Time Password’ bots can steal all your crypto
Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out.
Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors.
Chainalysis report finds most NFT wash traders unprofitable
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting.
The biggest crypto heists of all time
Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article.
Pakistan to investigate Binance for multi-million dollar crypto scam
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party…
Indian police commissioner issues a public warning against crypto frauds
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field.
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused…
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.