IcomTech Execs To Pay $5M For Fake Bitcoin Scheme
After receiving penitentiary sentences of up to 10 years this year, at least four of IcomTech’s operators are currently incarcerated.…
Manhattan US Attorney to Scale Back Crypto Prosecutions
The Office of the Manhattan US Attorney will scale back focus on cryptocurrency crimes following major convictions, citing resource…
Vietnamese Police Arrest 5 in Crypto Scam Ring
Vietnamese police have broken up an international crypto scam network and arrested several people they think stole billions of VND from…
DOJ, SEC Eye Revival of Nvidia Crypto Fraud Case
The Securities and Exchange Commission and the United States Department of Justice urged the Supreme Court to continue with the Nvidia…
Adam Iza Faces Bribery Allegations by FBI
The founder of Zort Inc., Adam Iza faces bribery allegations by the FBI of paying LASD deputies to go after a former partner. The FBI is…
Binance Blocks $2.4B in Fraud Tries
Binance has successfully prevented potential user losses of over $2.4 billion in the first seven months of 2024. In the first seven months of…
SEC Accuses Crypto Firm NovaTech of Fraud
The SEC has sued crypto startup NovaTech for allegedly defrauding over $650 million from more than 200,000 investors, including many Haitian…
Meta Deletes 63,000 Instagram Accounts in Nigeria For Sextortion Scams
Meta Platforms said Wednesday it removed 63,000 Nigerian accounts that attempted financial, and sexual extortion, largely targeting US adult…
Malaysia Crypto Miners Stole $723M in Power
Between 2018 and 2023, illegal crypto mining operators in Malaysia have misappropriated $723 million in electricity. Akmal Nasrullah Mohd…
Gemini Settles NY Fraud Charges, Pays $50M
Gemini, a cryptocurrency exchange, has settled with the New York Attorney General (NYAG) and consented to provide $50 million in digital…
Epoch Times CFO Accused of Crypto Money Laundering
The Epoch Times CFO, Bill Guan, has recently been charged with crypto fraud involving about $60 million worth of crypto money. An additional…
FTX Crypto Fraud Victims to Reclaim Funds with Interest
FTX Crypto fraud victims will recover funds plus interest, say bankruptcy attorneys representing customers affected by the exchange’s…
T.J Admits Crypto Fraud
The U.S. Department of Justice asserts that Thomas John Sfraga enticed a victim into investing in a fraudulent crypto wallet by promising…
BioCatch Reaches $1.3B Valuation with Permira’s Stake Purchase
Permira, a private equity corporation based in the United Kingdom, is the new majority shareholder of digital fraud detection company BioCatch…