Crypto Scam

Authorities in Brazil have seized over $33 million in a crypto laundering investigation involving more than a dozen fictitious companies. Brazilian authorities have been probing the money laundering ring for some time now and claim that even the crypto...

Steven Mnuchin, the former Secretary of the Treasury in the US, recently expressed his views about Bitcoin and other cryptocurrencies. In an interview with CNBC, Mnuchin said that he is not planning on adding bitcoin to his investment portfolio....

In a recent bust of a money laundering case involving cryptocurrencies, Hong Kong authorities arrested four people. The suspects have reportedly laundered a massive HK$1.2 billion ($150 million) funneled through bank accounts in Singapore over the last 15 months....

According to the BBC report, the metropolitan police has seized a record £180m ($250 million) worth of cryptocurrency linked to international money laundering in London. A 39-year-old woman arrested on suspicion of money laundering on June 24 has been interviewed...

Africrypt founders are facing mounting pressure to come forward to authorities as investigators delve into one of the biggest cryptocurrency thefts in the country. Africrypt investors have been left in the dark and out of pocket following what the...

The South African Financial Services Conduct Authority is seeking to categorize digital currencies as a financial product after the massive $3.8 billion scam scare. FSCA categorizing digital currencies as the financial product would give it jurisdiction over the industry...

Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims after it was reported that he and his brother ran off with billions in investor funds. Instead, he asserted that the platform lost $5 million...

The UK's Metropolitan Police confirmed that it seized £114 million in cryptocurrency — an amount worth about $158 million — as part of an ongoing criminal investigation in a money-laundering case. The Metropolitan Police said the operation "was carried...

South Africa is looking at the country's biggest cryptocurrency fraud as the two Africrypt founders, Raees and Ameer Cajee, disappeared with Bitcoins worth $3.6 billion belonging to the investors of the fund. Ameer Cajee, the chief operating officer of...

India's central government is reportedly reviewing the bill that would ban the use of cryptocurrencies in the country in what could spell a last-minute change of direction to the laws around the local crypto sector. According to the BloombergQuint...