#crypto fraud

Highlights: A lawyer is seeking to have Interpol arrest Davis over the LIBRA token scandal. The LIBRA token crashed and left investors in losses after creators sold holdings. Authorities are investigating the collapse and are planning to freeze $110 million. […]

Highlights: Authorities have flagged a fake account that posed as the Chief Executive and promoted a coin called National Hong Kong Coin. Hong Kong lawmaker Johnny Ng confirmed the government is not involved in the project and warned the public […]

Highlights: Gotbit founder Aleksei Andriunin has been extradited to the US for fraud. Authorities say Gotbit used fake trading to trick investors and inflate cryptocurrency values. Andriunin could face up to 25 years in prison for fraud and an additional […]

Highlights: OX.FUN has denied insolvency claims and says all withdrawals are processing normally. JefeDAO accused OX.FUN of freezing $1 million USDC while the exchange claims JefeDAO tried to manipulate the market. Crypto users urge withdrawals as concerns grow over OX.FUN’s […]

Highlights: A Brazilian man was extradited for a $290 million Bitcoin fraud and now faces multiple charges in a US court. The suspect tricked investors with a fake crypto platform that never existed. The accused could face up to 20 […]

Highlights: The former CTO of SafeMoon has pleaded guilty to fraud and could face up to 25 years in prison. SafeMoon executives allegedly misused over $200 million and inflated the market value of the token. The court has set April […]

Highlights: HashFlare founders plead guilty to a $575 million crypto fraud and misled investors about mining operations and profits. The scheme used new deposits to pay investors instead of mining cryptocurrency. US and Estonian authorities seized assets and the founders […]

Highlights: Arizona’s House Bill 2387 aims to limit Bitcoin ATM fraud with strict regulations. Bitcoin ATM fraud has surged from $12 million in 2020 to $112 million in 2023. The bill introduces a $1,000 daily transaction cap and operator licensing. […]

Highlights: Nepal’s FIU raises concerns over the growing use of cryptocurrencies in cyber-related fraud in the country. Crypto misuse complicates investigations, with fraudsters moving illicit funds across borders easily. FIU recommends enhanced crypto monitoring, financial institution training, and public awareness […]

Highlights: Montenegro’s decision on Do Kwon’s extradition will conclude a long legal process. South Korea and the US are vying to prosecute Do Kwon for the Terra ecosystem’s collapse. The extradition ruling could establish a precedent for future cross-border crypto […]

Highlights: Hong Kong police arrested 27 people in a $46 million deepfake crypto romance scam targeting men across Asia. Scammers used AI deepfake technology to impersonate attractive women, luring victims into fake cryptocurrency investments. The syndicate recruited university graduates to […]

Highlights: Authorities charged four crypto companies and 15 individuals with fraud and market manipulation. FBI created a new digital token to uncover criminal activities for the first time. Authorities seized over $25 million in crypto, and four defendants agreed to […]