#Fraud

Highlights: A Hong Kong retiree lost HK$6.6 million across three scam contacts in six months. The crypto fraud case began with a WhatsApp pitch and ended with three vanished experts. Recovery promises drove the biggest transfers and deepened the victim’s […]

Highlights: Investors accuse JPMorgan of helping Goliath Ventures keep a $328 million fraud running. Prosecutors say Goliath misused investor funds instead of real crypto trading activity. The case could raise pressure on banks handling suspicious crypto-linked transactions. JPMorgan Chase is […]

Highlights: Binance warned projects against fake listing agents and shared names of confirmed offenders. Exchange offered up to $5 million for valid tips exposing listing-related fraud. Binance said listings only happen through official forms, never through paid intermediaries. Binance issued […]

Highlights: CoinW crypto laundering scandal involved $2.3 billion and 1,539 victims. Fourteen suspects have been indicted, with the lead ringleader facing a 25-year prison sentence. Over 40 fake stores were used to launder funds disguised as investments. Taiwanese authorities revealed […]

Highlights: A victim lost $91 million in a social engineering scam that purported to be the wallet support. The transfer and laundering of 733 BTC took place through Wasabi Wallet. The scam occurred exactly one year after the Genesis $243M […]

Highlights: EminiFX crypto fraud led to $228.5 million in court-ordered restitution. Over 25,000 investors were misled with false claims of AI-driven profits. Restitution distribution to victims began in January 2025. A U.S. federal judge has made a ruling in the […]

Highlights: Telegram crypto scam used fake OTC token deals to lure top crypto investors. Victims lost $50M after promised token distributions abruptly stopped. Ravindra Kumar denied accusations linking him to the scam network. The $50 million Telegram crypto scam began […]

Highlights: Glenda Rogan misled clients in a $14.8M crypto scam disguised as a fixed-interest investment. ASIC banned Rogan from financial services for ten years starting June 6, 2025. Client funds were moved into crypto wallets linked to a banned UK-based […]

Highlights: AI deepfakes made up almost 40% of the total losses from crypto fraud in 2024. 87 deepfake scam rings were dismantled across Asia in Q1 2025. Ponzi scams now use synthetic media and gamified DeFi dashboards. Bitget’s 2025 Anti-Scam […]

Highlights: Matrix Chain collected nearly $394 million from more than 138,000 accounts. Authorities have arrested five suspects after a 200-day police investigation. 40% of funds went to recruiters; the rest funded marketing and real estate. Five individuals involved in the […]

Highlights: Eugene Austin Jr. led a $12M crypto scam scheme with his son, targeting 24+ victims. They offered fake investment opportunities and spent the money on luxury. The court ordered $12.6M in restitution and seized a Jaguar SUV. A cryptocurrency […]

Highlights: Braiscompany raised R$1.11 billion from 20,000 investors through fake crypto promises. Joel Ferreira received a 128-year sentence for operating a pyramid scheme. The court seized R$36 million from those convicted in the Braiscompany case. A federal court in Brazil […]