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Crypto Fraud Ring Dismantled by Vietnamese Authorities

Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by foreign criminals, the group operated from Laos and defrauded victims of…

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Crypto Ponzi Leader Receives 121-Month Prison Sentence

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class…

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Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded…

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US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned…

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India Cracks Down on $48M Crypto Fraud in Fiewin Gaming App With Binance Help

India’s Enforcement Directorate has exposed a massive $48 million scam linked to the online gaming app Fiewin, connected to Chinese nationals. Following an in-depth investigation, an equivalent of about $3…

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CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted…

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FBI Seizes $6M in Crypto From Southeast Asian Scammers

U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake…

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US Authorities Bust Billion-Dollar Crypto Laundering Network, Charge 2 Russians

Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex…

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FBI Warns of Growing ‘Pig Butchering’ Crypto Schemes in Maryland

The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into…

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Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust

Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing…

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