Scammers exploit NFT marketplace Magic Eden to sell fake NFTs
The exploit allowed the scammers to target popular collections like y00ts and ABC, making thousands of dollars; Magic Eden pledged to refund affected users.
The exploit allowed the scammers to target popular collections like y00ts and ABC, making thousands of dollars; Magic Eden pledged to refund affected users.
The scammers bait FTX victims by using a website that appears to be run by the U.S. Department of State, claiming that they will be able to return their assets.
Authorities in India have teamed up with Interpol for a massive manhunt to bring scammers, who allegedly defrauded investors of nearly $11 million, to justice.
Scammers use age-old methods like phishing and impersonation to lure victims into investing in the lucrative digital asset sector, promising mouthwatering returns which never materialized, according to authorities.
Convicted employees of the now-defunct V Global exchange have risen to seven, with two C-level executives being the latest to face court and jail sentences of up to eight years.
Non-U.S. FTX customers argue that their identities should be kept hidden during court proceedings, as revealing them could put them at risk of scams and identity theft, a call opposed by the DOJ.
The SEC blacklisted PH-IGM, Gameloot, and Vertex Evo Trading, for breach of securities law and operating like a Ponzi scheme.
Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied to a money laundering ring using virtual currencies.
FMA said Bay Exchange provides services not compliant with the financial markets legislation, while Krypto Security is posing as an entity to help residents recover stolen assets.
The $44 million was held in its custodial accounts, which, according to its Terms and Conditions, wasn’t under its ownership and interest-bearing account holders have been left out to dry.
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
Stephan Morgenstern co-founded the multi-level marketing scheme that targeted Koreans, Poles and Germans before Greek police arrested him and his co-conspirator.