Chinese police crack down on digital yuan fraud ring
Local authorities received a report from a woman who claimed she had been defrauded through a well-orchestrated digital yuan scam.
Latest scam News
Chinese police seize $62M in ETH and FIL from Filecoin mining scammers
Police in the city of Xuzhou has taken down an alleged ring of scammers associated with Filecoin miner maker IPFSUnion, arresting 31 and seizing USDT, FIL, and ETH.
Australia regulator shuts down $19M digital currency scam
ASIC has obtained court orders to shut down A One Multi Services, which it claims engaged in fraud and cashed out some of the funds into digital currencies.
Squid Game token crashes to zero as developers make off with $3.4M
Squid Game had several red flags and investors could have easily seen through the vague promises of a gaming metaverse, yet quick riches lured them in.
Philippines Stock Exchange warns against fake blockchain investment links
The Philippines Stock Exchange (PSE) isn’t offering any investment products related to blockchain technology or digital currencies, the bourse’s president has stated in a public warning.
Blockchain Intelligence Group’s William Callahan talks tools for more lawful blockchain industry at CoinGeek New York
A former special agent with the Drug Enforcement Administration, William Callahan and the Blockchain Intelligence Group have thought a lot about what it takes to make the blockchain industry more legitimate and more lawful.
Brazil to adopt tougher penalties for digital currency money launderers
Brazil will raise the penalty for laundering through digital currencies to two-thirds of laundered money and prison sentence to 16 years and eight months.
Founder of $90M digital currency hedge fund sentenced to 7 years in prison
Stefan He Qin was the founder of two hedge funds in New York that claimed to be highly profitable, who was accused of embezzling tens of millions of clients’ funds.
Michael Ackerman faces 20 years in jail after pleading guilty to $37M BTC scam
Ackerman is accused of luring investors with promises of 15% monthly returns on BTC trading, attracting over $37 million and made false claims while siphoning the funds.
Taiwan police arrest 14 over alleged Ethereum investment scam
The suspects were accused of using misleading information and photos of beautiful women to lure mostly older and retired men to their scam, Taiwanese authorities said.
OneCoin scam: Seychelles asked to probe transfer of $10B in BTC
A British lawyer has filed a request for Seychelles authorities to probe transactions related to 230,000 BTC that have been linked to the country and to OneCoin.
SEC latest investor warning targets digital currency scams and ICOs
In its warning note, the SEC said that investors should understand the full extent of the risks involved and look out for signs that could point to fraudulent schemes.