Crypto Scam

Brazilian authorities seize $33 million worth of cryptocurrencies in a money laundering case.

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...

Former Secretary of the Treasury Steven Munichin says he doesn’t want bitcoin in his portfolio.

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....

Hong Kong authorities arrest 4 people for laundering $150 million using crypto.

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....

UK Police seize $250 million in cryptocurrencies linked to money laundering.

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 on the run as investors turn to legal action.

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...

South Africa seeks to categorize digital currencies as a financial product after $3.8B scam.

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...

AfricCypt founders deny stealing billions from customers, claim $5 million lost in a hack.

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 police seized $158 million in cryptocurrency in a money laundering case.

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...

Africrypt founders disappear with Bitcoins worth $3.6 billion belonging to the investors of the fund.

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...

Indian lawmakers review the proposed bill banning cryptocurrencies.

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...

Latest News

Bitcoin soars above $40,000 as the crypto market cap is back above $1.6 trillion.

The price of the leading cryptocurrency bitcoin has initiated another leg up, resulting in charting a new two-month high...