Thodex CEO facing 40,000+ years in prison arrested in Albania
Faruk Fatih Özer disappeared in 2021 from Turkey, allegedly taking off with over $2 billion worth of digital assets from 400,000 users, some of which he cashed out on Kraken.
Latest scam News
Elliptic: $100M in NFTs stolen via scams in the past year
Elliptic’s research found that an NFT scam netted the scammers $300,000 on average over the past year, with Bored Apes and OpenSea featuring prominently.
Philippines securities regulator issues warning against investing with Peak Finance
A lengthy prison term and a hefty fine await individuals affiliated with and promoting Peak Finance, an unlicensed platform that piqued the interest of many due to a promise of mouthwatering returns.
CFTC charges Ohio man who allegedly solicited $12M in BTC investment scam
Rathnakishore Giri posed as an expert trader and lured over 150 investors to commit fiat and BTC, then used the money for lavish lifestyle, according to the Commodity Futures Trading Commission.
$5M stolen from ‘world’s most secure exchange’ ZB—was it a hack or an exit scam?
About $4.8 million has been swiped from ZB and cashed out on DEXes, hours after the exchange halted withdrawals evens as exit scam allegations spring up.
Blockchain security firm warns against new MetaMask phishing scam
Halborn explained how the campaign is being perpetuated using a sample of the phishing email the company received, and it also pointed out the red flags in the email that can easily be missed.
DROPs token founders Jeremy McAlpine and Zachary Matar sentenced in $1.9M ICO scam
Jeremy McAlpine and Zachary Matar pleaded guilty to one count each of securities fraud in August 2021; McAlpine will serve a three-year sentence, while Matar will be sentenced to two and a half years.
SEC calls Forsage a ‘fraudulent crypto pyramid and Ponzi scheme’
U.S. securities regulators have charged 11 individuals for creating and promoting the “fraudulent crypto pyramid and Ponzi scheme” that is the Forsage ‘decentralized networking platform based on smart contracts.’
US senator wants Google, Apple to provide digital asset scams data
Senator Sherrod Brown has written letters to the CEOs of Google and Apple, requesting the companies respond to questions relating to fraud prevention in their app stores.
The allure of Ponzi scheming
When someone promises to build a new innovative business which takes more effort? Fundraise via a token or NFT sale or actually build out the business? Anyone in this space knows the answer.
Trust No One: The Hunt for the Crypto King—more proof that ‘crypto’ is a crime-ridden cesspit
Gerald Cotten was the founder of QuadrigaCX. During the digital currency market meltdown in 2018, the exchange stopped honoring withdrawals, and shortly Cotten was announced dead in India.
My Big Coin founder convicted over digital assets fraud
Randall Crater was found guilty of four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money transmitting business.