A Canadian teen has been charged with stealing crypto worth over $50M in a SIM swapping scheme that targeted prominent crypto and blockchain personalities
One of the frauds faked his identity to mask the fact that he was a convicted criminal in a financial crime, while the other posed as a wealthy investor.
Patrick McDonnell, the founder of CabbageTech crypto scam has been sentenced to 33 months in prison and a $fine for deceptive business practices.
Manny Villar warned that Bitcoin Revolution is using a fake endorsement from him to fool new users into using their services.
ICOBox is alleged to have sold $14M worth of tokens in an ICO which the SEC claims was unregistered. The regulator is seeking $16M+ in disgorgement and fines.
The SEC has brought charges against the alleged operator of a crypto scam who lured investment in three companies but ended up using the money for personal use.
The scammer posed as a pastor to gain trust, while also promising ludicrous returns. After collecting $27 million, he fled and is now said to be in California.
The FCA has warned against investing in one firm that offers crypto trading services, claiming that it doesn’t have its authorization to operate in the U.K.
The only thing worse than a scam that wipes out over $3 billion in cryptocurrency asset is a scam that wipes out those assets and causes the crypto market to collapse.
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.