US SEC cracks down on $295M BTC Ponzi scheme Trade Coin Club
Trade Coin Club claimed to be using a proprietary trading bot and raised 82,000 BTC worth $295 million at the time from 100,000 investors between 2016 and 2018.
Latest fraud News
Tether mints, FTX liquidates, Alameda pads balance sheet
U.S. Attorney’s Office for the Southern District of New York (SDNY) had assigned Attorney Damian Williams to kickstart the DoJ’s probe if iFinex committed bank fraud.
South Korea to impose tougher punishments for digital asset fraud
If the law scale through the legislative processes, it could bring the penalties for digital asset fraud to be at par with traditional finance fraud in the country.
Personal philosophy of leadership
Dr. Craig Wright says the original Bitcoin was established to deliver a global database that can act as a source of truth and one that has an economic value.
Singapore logs spike in digital asset scams as police say bulk of fraudsters are based abroad
Singapore's fraud cases involving digital assets ballooned to 631 by the end of 2021, with the majority of victims being migrant workers.
3 OneCoin associates stand trial in Germany over alleged $335M laundered for ‘Cryptoqueen’
The three are the first to stand trial in Europe over the $4 billion digital asset pyramid scheme, as reports claim Ruja was tipped off before she vanished.
DARPA wants to know more about digital asset markets for national security
DARPA is also looking at hacking threats, money flows in blockchain networks, the role of public ledgers in providing transparency, and other digital asset scams.
Philippines’ SEC warns public of unauthorized digital lending services
The Securities and Exchange Commission called out five unlicensed firms for illegal operation and blackmailing clients, while virtual currency Lodicoins face scrutiny for defrauding investors.
US, Brazilian law enforcement agencies bust international digital asset fraud ring
With help from their U.S. counterpart, Brazilian authorities busted a fraud ring allegedly behind transnational financial fraud schemes that prey on victims from at least 12 countries.
New parasitic malware found to be stealing digital assets from scammers
Posing as a decentralized app, the newly uncovered malware injects a malicious JavaScript code on scam websites, allowing it to steal digital assets from fraudsters.
Celsius bankruptcy filing leaks tens of thousands of user details
Twitter account Crypto Vinco reported that the latest paperwork filed by Celsius in its bankruptcy proceedings revealed the names, dates, transactions, and amounts of every user on its platform.
India’s financial unit freezes $1.2M funds from Chinese entities over suspected digital asset fraud
Several Chinese entities were busted over their alleged involvement in a fraudulent scheme that saw the misappropriation of millions of dollars of monies, forcing authorities to freeze their funds.