Crypto Scam

Russian President Putin asks to prevent illegal activities on cross-border transfers with cryptos.

Russian President Vladimir Putin has called on government officials to join the fight against the increased use of cryptocurrencies in illegal activities. According to a transcript made public on the Kremlin's official site, Putin considered that the General Prosecutor's Office should...

The US SEC intervenes in ongoing alleged cryptocurrency fraud.

The U.S. Securities and Exchange Commission (SEC) has intervened in an ongoing alleged digital asset fraud after identifying an individual raising capital while falsely claiming to hold the necessary securities licenses. The SEC filed an emergency action and temporary...

John McAfee claims DOGE price prediction was part of new charges brought against him by DoJ.

Controversial antivirus software entrepreneur John McAfee has claimed that Dogecoin was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee claimed that DOGE was one of several cryptocurrencies that...

John McAfee and his associate indicted by the DoJ over alleged crypto fraud.

The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging John McAfee and his associate Jimmy Watson with securities fraud. According to a press release published by the Department of Justice on March...

North Korean hackers indicted in US over stolen $1.3 billion in crypto.

The U.S. Department of Justice has unsealed an indictment charging three North Korean men with cyberattacks that led to the loss of $1.3 billion in cash and digital currencies. The DoJ identified the three suspects as part of a...

U.S Treasury Secretary Janet Yellen says crypto use in terrorism is a growing concern.

Speaking at a financial sector innovation policy roundtable, the former Federal Reserve Chair and the current U.S. Treasury Secretary Janet Yellen warned that cyberattacks and digital currency-related crimes were on the rise. "I see the promise of these new technologies,...

UN report says North Korea is using stolen crypto from exchanges to fund nuclear projects.

The United Nations has accused the North Korean state of stealing $281 million worth of crypto from an exchange during September 2020. According to the Reuters report, the findings from a “confidential report” authored by independent sanctions monitors for...

South African authorities warn against increasing cryptocurrency scams.

South Africa’s financial authority is warning the public against the rising number of cryptocurrency scams in the country. The warning comes after over 260,000 investors lost close to a billion dollars in a local BTC Ponzi scheme. The Financial...

Founder of two multi-million crypto funds pleads guilty for running a $90 million scam.

An Australian man, founder of two multi-million crypto funds in New York, pleaded guilty on a crypto scam charge. The Ponzi scheme used a trading algorithm, taking advantage of price differences for Bitcoin and other cryptocurrencies. The 24-year-old man...

California resident faces 25 years in prison for operating an unlicensed exchange and laundering $13 million.

49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business. The U.S. Attorney's Office accuses the California resident of using a suite of limited liability...

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ASIC mining manufacturer Canaan plans to begin its first mining operation in Kazakhstan.

The NASDAQ-listed ASIC mining manufacturer Canaan Inc. plans to accumulate Bitcoin directly and optimize its revenue streams by expanding...