Authorities in Thailand have arrested 24 Chinese nationals in connection with a BTC investment scam thought to be operating an industrial scale from Bangkok.
There are chancers and criminals who see opportunities - especially when public interest is combined with public ignorance.
While several billion dollars’ worth of cryptocurrency has been lost to thievery this year, that's still far less than the amount scammed in fiat.
Phoenix Fund Investments reportedly received some $110 million from the OneCoin scam in 2017, which was transferred to the fund through an Irish bank account.
Presiding in the New York Southern District Court, Judge Loretta A. Preska ruled in favor of the U.S. government in the civil case against alleged BTC scammer Jon Barry Thompson.
Maksim Zaslavskiy conducted two ICOs, both of which violated securities laws and now he’ll spend the next 18 months in jail for it.
The two men have targeted over 10 victims, stealing over $550K and even taking over social media accounts.
Asa Saint Clair is accused of defrauding at least three separate investors out of thousands of dollars after claiming the World Sports Alliance would help developing countries access food, water, and facilities for sports.
Detectives from the e-Crime Squad in Cairnlea, Victoria, have arrested a local man allegedly involved in running an unregistered cryptocurrency exchange service.