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Australian crypto scams increased by over 162% with nearly $150M lost
18.4.2023
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022
$178M Brazilian ‘Crypto Scam Ring’ Flees Abroad – Where Did Masterminds Go?
11.4.2023
The Brazilian operators of a suspected crypto scam reportedly fled the country just before the police launched a probe into the company behind the project.
Police think that the company raised some $178 million in investments from around 7,500 people.
The Brazilian media outlet Livecoins reported...
Suspected Brazilian Crypto Scam Firm Workers Caught on CCTV on Way to Empty HQ
31.3.2023
“Employees” at Brazilian company at center of crypto scam allegations have been filmed apparently on their way to remove evidence – under the cover of night.
The Brazilian media outlet Livecoins shared a video showing “at least two people” entering the company, Braiscompany. The offices have been...
Super Rich Crypto Investor Allegedly Abducted and Held for Ransom – Here's What Happened
27.3.2023
A Canadian self-proclaimed “crypto king,” who allegedly defrauded investors out of millions, was kidnapped, tortured, and held for a multi-million-dollar ransom.
Aiden Pleterski, a 23-year-old accused of running a crypto investment scheme, was allegedly abducted from downtown Toronto and driven...
Popular YouTube Channel Linus Tech Tips Pulled After Scammer Hack
23.3.2023
Linus Tech Tips is one of YouTube’s most popular content creators for tech hardware, with over 15 million followers on the platform. That changed very quickly after the account was hacked by crypto scammers who used it to run Bitcoin ads. The account has now been “terminated,” according to an error...
Jake Paul, Lindsay Lohan & More Charged With 'Illegally' Shilling Crypto
22.3.2023
The Securities and Exchange Commission sent out a press release today announcing that “Crypto Entrepreneur” Justin Sun is being charged with fraud over his manipulation of the crypto market. That’s great news, but also of interest is the fact a whole range of celebrities were charged alongside...
US Department of Justice: Bulgarian Woman Faces Charges in Multi-Billion-Dollar "OneCoin" Crypto Scam
22.3.2023
A Bulgarian woman has been extradited to the United States for her involvement in the notorious crypto scheme OneCoin.
In a Tuesday press release, the US Department of Justice said it has filed charges against Irina Dilkinska, a Bulgarian woman involved in the OneCoin crypto Ponzi scheme. She...
Harvest Keeper AI Crypto Scam Siphons $1 Million from Unsuspecting Investors – Here's What Happened
21.3.2023
In an audacious cyber heist, $1m worth of cryptocurrency was brazenly stolen from the AI-powered trading dApp Harvest Keeper.
The theft took place at 4 pm (UTC) on March 17, as cyber thieves took advantage of a privileged 'getamount' function to loot $709k in user-deposited USDT.
Bearing all...
Chinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam
15.3.2023
Exiled Chinese businessman Guo Wengui was arrested in New York on Wednesday morning and charged with fraud for allegedly orchestrating a series of fraudulent schemes that bilked retail investors out of a collective $1.4 billion
Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?
13.3.2023
Two top Brazilian professional football (soccer) players claim they have fallen foul of a crypto scam – and say that they were convinced to invest in a fraudulent project by a fellow pro....
Read More: Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022
9.3.2023
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half...
South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce
7.3.2023
South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.
KBS reported that police say that one of the new taskforce’s “three main tasks” will be dismantling and fighting crypto scams. Crypto-related fraud is on the rise in South Korea, with several...
Crypto Scam in Egypt Defrauds Thousands of Investors of $620K: Report
6.3.2023
Authorities have arrested 29 people, including 13 foreign citizens in connection with the fraudulent network known as "HoggPool."
Mirror Trading International Liquidators Spent More Than $6 million on Lawyers and Investigators
27.2.2023
Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered...
Aussies revealed as prime targets of Israel crypto scam syndicate
24.2.2023
Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel
South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust
22.2.2023
South Korean police have arrested 30 people as part of an investigation into a suspected $ 8 million crypto scam. Masterminds appear to have promised investors “guaranteed gains” of up to 2,000%....
Read More: South Korean Police Arrest 30 in $8m ‘Crypto Scam’ Bust
French Lawmaker Denies He Was Paid to Promote a Crypto Scam in National Assembly
22.2.2023
A French lawmaker has been accused of promoting limocoin swap (LMCSWAP), a “suspicious” African crypto project – but denies claims he was paid to talk up the coin in the National Assembly by lobbyists.
The claims were the latest to come from the newspapers Le Monde and MediaPart’s investigations...
Blockchain Security Firm PeckShield Uncovers New Crypto Scam That Pretends To Be Affiliated With ChatGPT
22.2.2023
Blockchain security firm PeckShield found a number of scam tokens whose creators look to profit from the ChatGPT craze.
PeckShield tweeted on Tuesday that,
"[It] detected dozens of newly created BingChatGPT tokens, of which 3 appear to be honeypots & 2 have high sell tax."...
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Chainalysis: Crypto Scam Revenue Dropped 46% in 2022
21.2.2023
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam...
US State Regulator Launches Crypto Scam Tracker
21.2.2023
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...