One of the world's largest cryptocurrency exchanges, the famous, or infamous FTX Trading Ltd (FTX) filed for bankruptcy in 2022. Shortly thereafter, U.S. regulators, in particular the U.S. Securities …
UK Targets Crypto Fraud to Reduce $9B in Annual Losses
The U.K. government has announced plans to crack down on crypto and insurance fraud which is costing the country $9 billion annually. The government has banned cold calling for crypto investments and …
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US, Ukraine Shut Down Cryptocurrency Exchanges Used by Cybercriminals
Authorities in the United States and Ukraine have shut down nine websites that had been offering cryptocurrency exchange services to cybercriminals. he takedowns are the result of cooperation between …
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CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case
A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin. An April 27 …
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How This Scammer Rugged Investors by Creating 114 Meme Coins
On-chain sleuth ZachXBT has shed light on a scammer who rugged investors by creating 114 meme coins within 45 days. The meme coin season kicked off recently, and scammers were quick to rug …
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Court Charges 5 in $2M HYDRO Token Manipulation Case, SEC Records Victory
Five individuals have been handed massive fines for ‘conspiring to manipulate the market’ using the ERC-20 Hydro (HYDRO) token. The scheme reportedly resulted in more than $2 million in investor …
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Exposing Fraudulent Crypto Firms: AI and Actors in Elaborate Scams
The financial world is no stranger to scams and fraudulent schemes, and the crypto industry has recently come under fire as a series of companies have been accused of running elaborate investment …
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Americans view crypto investing as unreliable. They’re right.
Cryptocurrency investing is like going to a ritzy casino — the sights and sounds of winning don’t mean the vast majority of people are richer than when they started playing. It’s all part of the lure …
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Founder of collapsed crypto exchange Thodex detained in Turkey
The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former …
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Titanium Blockchain CEO is Sentenced in Cryptocurrency Scheme
Michael Alan Stollery, the founder and CEO of Titanium Blockchain Infrastructure Services (TBIS), pleaded guilty in July 2022 to a single count of securities fraud against the United States …
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