CFTC default on $147M digital currency Ponzi scheme
The CFTC has requested default and a voluntary dismissal of its action against Control-Finance and its operator Benjamin Reynolds who it claims defrauded $147M.
Latest fraud News
US fights back against OneCoin lawyer appeal
Mark Scott was convicted on charges of laundering as much as $400 million on behalf of the allegedly fraudulent digital currency scheme.
BitClub fraud operators seek jail release over coronavirus fears
Two men being detained in connection with an alleged $722 million BitClub digital currency fraud have asked to be released from prison.
Indian Parliament probing suspect ‘Bitcoin businesses’
An investigation into dubious digital currency businesses in India is underway.
Fraudsters target coronavirus fears with fake BTC donations drive
A number of fake emails have been asking for BTC donations to the World Health Organization (WHO) COVID-19 Solidarity Response Fund.
2 Canadians get jail time in US over HitBTC Twitter scam
The two were involved in a scam impersonating a customer service Twitter account of digital currency exchange HitBTC.
Former Riot Blockchain chief settles penny stock case with SEC
John O’Rourke III has reached agreement with the U.S. SEC over an alleged pump and dump scheme involving penny stocks.
Pair linked to crypto Ponzi scheme in US pleads not guilty
John Caruso and Zachary Salter have been accused of running a crypto scam responsible for defrauding some $9 million from its customers.
Scammer found on social media posing as a CoinGeek employee
A would-be scammer is running loose on the Internet, claiming to be an employee of CoinGeek.
Ex-Microsoft engineer guilty of stealing over $10M with Bitcoin mixer help
Volodymyr Kvashuk had been using cryptocurrency and laundering the proceeds through coin mixers to attempt to cover his tracks, U.S. authorities say.
Beware of Instagram fraud posing as Calvin Ayre asking for Bitcoin SV investments
A fake account posing as Calvin Ayre is hatching some get-rich-quick scheme on social media.
FCoin shutdown due to poor auditing, asserts founder
The Chinese crypto exchange ceased operations this month, but questions about why remain.