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A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule…
India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The…
A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto…
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain…
Reporting from Coindesk has revealed that Hayden Davis, CEO of Kelsier Ventures, one of the entities behind the embattled memecoin Libra, allegedly boasted about sending money to Karina Milei, Argentinian…
A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted…
Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to…
The FBI’s Operation Level Up has saved over 4,300 potential victims from losing $285 million to cryptocurrency scams, preventing life-altering financial losses and exposing fraudulent platforms. Operation Level Up: Inside…
Pig butchering scams exploded in 2024, with fraudsters stealing billions through AI-driven deepfakes and rapid-fire scams, overwhelming victims and outpacing law enforcement crackdowns worldwide. Pig Butchering Scams Surge as AI…
The FBI warns that scammers are exploiting Valentine’s Day to lure victims into fraudulent cryptocurrency investments, using fake identities and deceptive websites to steal funds. FBI Alert: Crypto Con Artists…