Europol has successfully shut down a major cryptocurrency laundering operation worth €21 million. The illegal network was connected to criminal groups based in China and the Middle East. According to details from Europol’s official website, this group of scammers was involved in helping criminals move money in and out of the country, especially those connected to […]
Crypto Scam
From Bitcoin Scam to Real-World Kidnapping: The $243M Crypto Heist and Its Deadly Aftermath
The Bitcoin scam that started as an online theft, with a group of teenage hackers stealing $243 million worth of Bitcoin, has turned into something much more serious, like a real-life kidnapping in Connecticut. The theft started on August 19, 2024, and was executed by three individuals: Greavys (Malone Iam), Wiz (Veer Chetal), and Box […]
Alex Mashinsky on the Verge of 20-Year Sentence as DOJ Slams Crypto Fraud Mastermind
The Department of Justice (DOJ) has requested that the founder of Celsius, Alex Mashinsky, serve a 20-year prison sentence because they believe that his actions didn’t come as a result of negligence or market misfortune but rather a series of calculated and deliberate decisions to lie. Their decision underscored the gravity of his offenses and […]
Long Island Man Handed 18-Year Sentence for Orchestrating $12 Million Crypto Scam
A man from Long Island, the southeastern part of New York, has received an 18-year prison term for taking part in a $12 million crypto scam. He was found guilty of tricking investors and misusing their funds, leading to a major financial loss for all parties involved. The 62-year-old culprit, Eugene William Austin Jr., who […]
Brazil Slams Braiscompany Founders with 171-Year Sentence Over Crypto Fraud Case
Brazil has sentenced three people linked to the failed crypto firm, Braiscompany, to a total of 171 years combined behind bars. The ruling came from a top court and has been considered as one of the toughest punishments for financial crime in the country. Federal Judge Vinicius Costa Vidor was the one who gave the […]
Tether Freezes USDT Worth $870K Across Three Addresses Linked to Phishing Scam
Tether has frozen about $870,000 worth of USDT connected to theft, phishing scams, and pig butchering schemes. This action is part of the stablecoin ongoing push to stop illegal funds tied to crime and protect users from fraudulent activity. On April 17, Tether froze $870,000 in USDT connected to phishing scams. The funds were kept […]
Chinese Gang Laundered $6M via USDT, Targeting 66K Indians in Huge Crypto Scam
Nine people were sentenced by Chinese courts for running a telecom fraud ring that stole from over 66,000 Indians.
Delhi Woman Recovers $35,000 After Falling for Bitcoin Scam
A woman from Delhi Township has successfully recovered about $35,000 that she lost to cryptocurrency scammers, thanks to the quick efforts of the cybercrime teams in Ohio. The money was extorted from her through a bitcoin fraud that targeted the elderly. This step marks a huge success for the cyber teams in Ohio. According to […]
Australia Shuts Down 95 Firms Linked to Crypto Scams, $35.8M in Losses
Australian regulators have dismantled 95 companies suspected of running crypto investment and romance scams, marking one of the country’s most sweeping crackdowns against cryptocurrency related fraud. ASIC announced the Federal Court approved their request to close the firms due to fair and appropriate reasons. The authorities took action because their probe showed the companies used […]
Greed and Deceit Land South Korean in Prison After $2M Crypto Scam
The war on crypto investors continues as few individuals were recently caught in a crypto scam web. A man in his 30s from South Korea has been convicted for 3 years by the 2nd Criminal Division of the Changwon District Court in Gyeongnam Province for defrauding a cryptocurrency investor out of 2.93 billion won, roughly […]