Crypto Scam

The UK High Court orders the crypto exchange Gpay to shut down.

The UK High Court has appointed liquidators to administer the GPay cryptocurrency trading platform's affairs, following allegations the company is "nothing but a scam." The crypto exchange, which also operates under Cryptopoint and XtraderFX, lured in investors through the...

Singaporean citizen fined $100,000 for promoting the crypto scam OneCoin.

Fok Fook Seng, the 52-year-old Singaporean citizen, was fined $100,000 on July 1 for committing the offense between January 2016 and June 2017, said the Singapore Police Force. Fook Senf was charged in April 2019 under the Multi-Level Marketing...

Russian court rejects appeal for criminals to return stolen bitcoins as it is not a legal tender.

A Russian court cited the reason that cryptocurrencies are not legal tender and rejected a request for criminals to return 100 BTC stolen from a victim because Bitcoin is "technically" not a property in Russian law. According to the...

An alleged crypto ponzi scheme operator steals over $16 million in South Korea.

South Korean officials are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related Ponzi scheme. According to the TV Chosun report, South Korean police are looking into reports that over 160 individuals are believed to...

A top member of the Infraud Organization pleads guilty for running an elaborate scam.

Sergey Medvedev, one of the key figures in the biggest cybercrime ring, has agreed to the guilty plea in the US District Court of Nevada, the Department of Justice (DoJ) revealed. The 33-year-old was a critical member of the...

Australians lost over $14 million in crypto-related scams in 2019.

According to a report by the Australian Competition and Consumer Commission (ACCC) reveals that the Australian citizens lost over A$21 million (US$14.5 million) to the crypto investment scams in the last year alone. The ACCC is not the only...

Austrian regulators issue warning against four unregistered crypto firms.

The Financial Market Authority, which oversees the cryptocurrency and wider financial services industry, flagged four crypto firms as unlicensed operators. The firms are PremiumBorsa, Pennyworth Investments, GCG 24, and ANB Bank. Both PremiumBorsa and Pennyworth provide crypto trading services,...

Scammers impersonate police in Canada to extort bitcoins from victims.

According to local reports, crypto scammers in Canada are impersonating police and are extorting bitcoins from the victims across the country. Now the scammers are targetting the residents of British Columbia to extort bitcoins. The Royal Canada Mounted Police...

Ransomware attacks in Singapore surged in 2019.

The Singaporean government published a study called Cyber ​​Landscape 2019 that showed that there were 35 reports of ransomware incidents in the last year alone. This represents a surge in attacks as compared to the 21 cases that were...

AML Bitcoin founders face charges for money laundering and wire fraud.

The US government agencies have charged two men involved in AML BitCoin, which is an attempted Bitcoin knockoff, with financial crimes. The Department of Justice has charged Rowland Marcus Andrade, the founder of AML BitCoin and the NAC Foundation,...

Latest News

Cash shortage leads to increased demand for crypto in Cuba.

The COVID-19 pandemic has had a devastating impact on the economies across countries as people continue to remain cautious...