Top FTX creditors want their identities kept secret
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.
Latest scam News
Philippines: PH-IGM, Gameloot, Vertex Evo Trading hit with SEC warnings
The SEC blacklisted PH-IGM, Gameloot, and Vertex Evo Trading, for breach of securities law and operating like a Ponzi scheme.
China: Authorities arrest 63 people linked to digital asset money laundering ring
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.
New Zealand regulator warns against 2 entities allegedly engaged in digital asset fraud
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.
Celsius Network ordered to return $44 million to customers
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 is probing digital asset firms over misleading ads: report
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.
German linked to $29M Futurenet scam arrested in Greece, to be extradited to South Korea
Stephan Morgenstern co-founded the multi-level marketing scheme that targeted Koreans, Poles and Germans before Greek police arrested him and his co-conspirator.
Australia: Scammers luring digital asset owners with fake paper wallets
The paper wallets show they have up to $10,000 in digital assets, but require the “lucky recipient” to first send a withdrawal fee before they can access it.
New figures show UK digital asset fraud jumped 32% in past 12 months
Financial losses relating to digital assets reported to Action Fraud between October 2021 and September 2022 jumped to £226 million ($273 million)—well more than those reported for general fraud.
Overseas Filipino workers forced to partake in digital asset scams, lawmaker reveals
Investigations by the Department of Foreign Affairs (DFA) revealed that a Chinese syndicate was behind the human trafficking ring and sought to create an "all-Filipino team of scammers."
2 Estonian citizens face charges over alleged $575M digital asset scam
The defendants allegedly used fabricated documents and fraudulent representations to siphon the majority of investor funds for their personal use, federal authorities said.
Scammers turn to KYC actors for hire to target Web3 investors: CertiK
CertiK unearthed a fast-rising underground market with over 500,000 members where Know Your Customer verification is sold for as low as $8, concentrated in Southeast Asia.