Tag: crypto fraud
Crime
SafeMoon CEO Gets 8 Years for $10M Crypto Fraud
SafeMoon CEO Karony was sentenced to 8 years for defrauding investors of $9M in crypto.
Karony used diverted funds to buy luxury homes,...
Crypto Scams
Exchange News: Woman Warned by Canadian Exchange, Still Loses $670K Crypto
A Cryptocurrency exchange warns a Canadian woman about a scam, and she loses $670K on it despite several warnings. See how the loss was...
Crime
Ramil Palafox Pleads Guilty To Defrauding More Than 90,000 Investors Of $200M
Praetorian Group CEO Ramil Ventura Palafox pleads guilty to $200M Bitcoin Ponzi scheme that defrauded 90,000 investors.Ramil Ventura Palafox, the chief executive of Praetorian...
Crime
Sam Bankman-Fried To Appeal 25-Year Sentence, Hearing Set For November 4
Sam Bankman-Fried’s appeal hearing is set for November 4, and his defence seeks a lighter sentence or retrial after FTX’s collapse. Sam Bankman-Fried, the former...
Crime
Over $300 Million in scam-related crypto Has Been Frozen So Far In The Last Year
Law enforcement and industry leaders have seized over $300 million in crypto from cross-border fraud over the last year. Here’s how this happened. Law enforcement...
Crime
AML Bitcoin Founder Sentenced to 7 Years for $10M Crypto Fraud
Key Insights:Rowland Marcus Andrade misled investors with false claims about AML Bitcoin’s technology and partnerships.
Over $2 million from investor funds was used...
Regulations
SEC Cracks Down: Unicoin Fraud, ETF Delays, Leadership Scrutiny
SEC charges Unicoin with $110M fraud for misleading 5,000+ investors.
Crypto ETF approvals are delayed due to market volatility concerns.The Securities and Exchange...
Crypto Scams
US Court Fines UAE-Based CLS Global for Crypto Fraud
CLS Global fined $428K for fraudulent cryptocurrency trading activities.U.S. court bars CLS Global from crypto markets for three years.CLS Global FZC LLC,...
Blogs
Ex-ByBit Payroll Chief Jailed for Nearly 10 Years Over $5.7M Crypto Fraud
Ex-ByBit payroll chief jailed for nearly 10 years after stealing $5.7M in crypto fraud, funding luxury purchases. Millions remain unreturned.A former payroll executive linked...
Crypto Scams
Las Vegas Businessman Faces Fraud Charges in $24M Crypto Scheme
Las Vegas businessman Brent C. Kovar charged with $24M crypto fraud scheme, facing 330 years prison for deceiving 400 investors with false promises.A Las...
Blogs
Thai and Chinese Police Arrest Two Fraud Suspects, Freeze $2.5 Million in Crypto
North Carolina proposes a bill to invest in Bitcoin, aiming to enhance financial strategy, promote blockchain adoption, and position the state as a digital...
Crypto Scams
Scammers Use Deepfake of Tanzanian Billionaire in $1.48M Crypto Fraud
Tanzanian billionaire Mohammed Dewji’s hacked social media promoted a fake crypto, using deepfake videos in a $1.48M crypto fraud.Hackers recently took control of Tanzanian...
