Canadian teen charged with $50M crypto SIM swap scheme
A Canadian teen has been charged with stealing crypto worth over $50M in a SIM swapping scheme that targeted prominent crypto and blockchain personalities
Latest scam News
DoJ charges 2 over using fake identities to commit $30M ICO fraud
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.
CabbageTech founder sentenced to 33 months in prison
Patrick McDonnell, the founder of CabbageTech crypto scam has been sentenced to 33 months in prison and a $fine for deceptive business practices.
Philippines richest man warns of fake endorsement from crypto scam site
Manny Villar warned that Bitcoin Revolution is using a fake endorsement from him to fool new users into using their services.
SEC goes after ICOBox for $16M over unregistered ICO
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.
SEC charges alleged fraudster behind $3.5M crypto scam
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.
Kenya police pursuing alleged fraudster behind $27M crypto scam
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.
UK watchdog sounds alarm over fraud firm with crypto links
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.
HitBTC hit with ‘potentially largest scale criminally fraudulent’ claims
The cryptocurrency exchange is under fire for questionable activities.
PlusToken scam may lead to more than just loss of crypto holdings
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.
2019 saw scammers and fraudsters steal over $4 billion in crypto
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.
Crypto scam ads on Facebook find new victim
The scam ads are using the face of Ho Ching, the CEO of $230B state investor Temasek to trick investors.