2026-4-8 21:48 |
Americans lost a record-breaking $20.9 billion to cybercrime last year, driven largely by an unprecedented epidemic of cryptocurrency fraud. origin »
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Chinese authorities seized over 127,000 Bitcoin — worth more than $15 billion — from the head of a massive crypto fraud network. That seizure, tied to Chen Zhi of Prince Group, was just the opening move.
2026-4-3 08:00 | |
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The FBI just confirmed that crypto scams reached $17 billion in 2025, a record that proves the market desperately needs tools that catch fraud before your money disappears. Investment scams alone cost Americans $9.
2026-3-29 12:00 | |
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The Financial Times reports that Ledger is planning a US IPO at a $4 billion valuation as hardware wallet demand increases amid crypto fraud and hacks.
2026-1-24 11:19 | |
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Terraform Labs co-founder Do Kwon has been sentenced to 15 years in prison, closing one of the most turbulent chapters in crypto history. The ruling, confirmed this week, ties directly to the collapse of the UST stablecoin and LUNA, a meltdown that erased more than $40 billion in value and triggered cascading crises across the [...]
2025-12-14 21:29 | |
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Terra founder Do Kwon sentenced to 15 years in prison for the $40 billion Terra/Luna collapse.
The post Terra Founder Do Kwon Gets 15 Years for $40B Fraud appeared first on Coinspeaker.
2025-12-12 15:51 | |
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Organised crime groups run scam operations from Southeast Asia. The US DOJ seized $112 million in crypto linked to these scams in 2023. Chainalysis reported scam revenues reached $9. 9 billion in 2024.
2025-11-14 16:58 | |
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Prosecutors in the United States have charged Cambodia’s Prince Group with wire fraud and money laundering conspiracy, after seizing over $14 billion worth of Bitcoin as part of one of the biggest financial takedowns in history. Cambodia’s Prince Group is…
2025-10-16 11:24 | |
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Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022.
2025-8-12 22:28 | |
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Terraform Labs co-founder Do Kwon admitted guilt on fraud and conspiracy charges related to the 2022 TerraUSD collapse that cost investors $45 billion. The post Former Terraform Labs Boss Do Kwon Pleads Guilty to Conspiracy, Fraud Over $44B Crash appeared first on Coinspeaker.
2025-8-12 21:37 | |
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Schiff slams Saylor's Bitcoin strategy as "complete fraud," Here's why
2025-6-13 18:26 | |
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SEC charges Unicoin for misleading investors and falsely claiming $3 billion in sales. Over 5,000 investors were misled through aggressive, high-profile marketing campaigns. For yearThe post SEC charges Unicoin - $100M in alleged fraud exposed! appeared first on AMBCrypto.
2025-5-21 11:15 | |
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Investment scams involving crypto accounted for more than 50% of all reported crypto losses in 2024, according to the FBI’s latest report. Cybercrime involving cryptocurrencies hit record highs in 2024, with the FBI’s Internet Crime Complaint Center reporting $16.6 billion…
2025-4-24 10:04 | |
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Illicit crypto transactions exceeded $51 billion in 2024, significantly higher than previous estimates due to underreporting, according to blockchain analytics firm Chainalysis. The findings, published in the company’s latest Crypto Crime Report, indicate a surge in AI-driven fraud, stablecoin laundering, and sophisticated cybercrime networks.
2025-2-28 22:15 | |
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Malicious actors stole roughly $9. 9 billion from the crypto ecosystem last year — the lowest amount since 2021, according to a recent Chainalysis report. The firm added that the figure is expected to rise to $12.
2025-2-15 04:30 | |
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Fraud platforms like Huione Guarantee processed over $375 million in illicit transactions offering AI-based services to scammers.
2025-2-14 20:27 | |
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Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion
2025-1-4 13:54 | |
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Gary Wang is now the fifth former executive of collapsed crypto exchange FTX to be sentenced for their role in the company’s implosion. Wang received a sentence of time served and three years of supervised release and will forfeit $11 billion.
2024-11-21 19:42 | |
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The Seoul Rehabilitation Court officially declared bankruptcy on crypto yield platform Haru Invest, after it was implicated in a crypto fraud worth up to $1 billion. Investigations by South Korean law enforcement revealed that Haru Invest, a crypto yield firm…
2024-11-20 10:49 | |
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The US Department of the Treasury announced that it has prevented and recovered over $4 billion in fraud and improper payments during the 2024 fiscal year, leveraging machine learning and artificial intelligence (AI) technologies.
2024-10-18 14:25 | |
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Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison. Ellison will also forfeit $11 billion Caroline Ellison, the former chief executive officer of Alameda Research, has been handed a 24-month prison sentence.
2024-9-25 23:41 | |
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Five U.S. states have settled with the owner and operators of an alleged $1 Billion cryptocurrency investment scheme. The scheme, spearheaded by Josip Heit and his GSB Group, lured investors with promises of tokenized partial ownership in a skyscraper,…
2024-9-10 19:45 | |
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Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey. Authorities have traced $160M in crypto transactions and seized computers and cold wallets. A Dutch investor has reported losing $7M with and over 3,000 others losing $103M in the alleged fraud.
2024-8-23 20:26 | |
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South Korean authorities have arrested and indicted the CEO of a tech firm and his accomplice for fraud. The two men are suspected of orchestrating a crypto scheme of over 500 billion won that took advantage of elderly people with false promises of massive returns.
2024-8-13 08:30 | |
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In 2024, the crypto industry lost over $1 billion to hacks and fraud, according to Immunefi report. The post Crypto Industry Suffers Over $1 Billion in Hack and Fraud Losses in 2024: Report appeared first on BeInCrypto.
2024-8-3 19:19 | |
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Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
2024-7-2 00:34 | |
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Bitget’s latest report reveals that deepfake-related crypto fraud has resulted in losses exceeding $79.1 billion since 2022, with a 245% increase in 2024 alone. The surge in artificial intelligence (AI) popularity has drastically transformed the landscape, with deepfakes emerging as…
2024-6-27 14:36 | |
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New York AG Letitia James has sued crypto firms NovaTechFx and AWS Mining for allegedly defrauding over 11,000 individuals out of more than $1 billion in a pyramid scheme. New York Attorney General (NYAG) Letitia James filed a lawsuit on…
2024-6-7 10:49 | |
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Jian Wen, sentenced for laundering $5. 6 billion in Bitcoin, exemplifies the global crackdown on cryptocurrency crimes and fraud. The post London Court Jails Former Fast Food Worker for $5.
2024-5-26 20:11 | |
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A British-Chinese woman who helped to launder the ill-gotten funds of a criminal mastermind has been sentenced to six years behind bars
2024-5-25 23:51 | |
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Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into…
2024-5-14 11:48 | |
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2024-4-24 18:37 | |
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The US Securities and Exchange Commission (SEC) wants nearly $5. 3 billion in fines from Terraform Labs and its former CEO, Do Kwon for violations of the US securities laws and charges of fraud. The agency detailed its requested fines in an April 19 legal filing.
2024-4-24 00:20 | |
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Sam Bankman-Fried has been sentenced to 25 years in prison for orchestrating the $8 billion fraud scheme that precipitated the collapse of the cryptocurrency exchange FTX. Following his conviction on seven counts of wire fraud and conspiracy in November 2023, the former billionaire entrepreneur received his sentence.
2024-3-28 19:28 | |
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Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam.
2024-3-21 21:46 | |
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Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.
2024-3-21 19:32 | |
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According to a new FBI report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion.
2024-3-10 19:44 | |
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Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
2024-3-9 20:36 | |
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Digital Currency Group (DCG) and its CEO Barry Silbert have filed motions to dismiss the $3 billion fraud lawsuit filed by the New York Attorney General’s Office (NYAG), arguing that the allegations levied against them are “baseless innuendo.
2024-3-7 01:26 | |
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Konstantin Ignatov has been released after serving 34 months in prison for his involvement in the OneCoin cryptocurrency scam, a scheme that fraudulently claimed $4.4 billion from investors. The release followed a court decision by Judge Edgardo Ramos, who applied…
2024-3-6 13:22 | |
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FTX’s Bankman-Fried seeks mercy, apologizes for $8 billion fraud, and implores the judge to reject the recommended 100-year jail term. Sam Bankman-Fried, the disgraced founder of the FTX crypto exchange, is trying to get a shorter prison sentence after he…
2024-2-29 10:45 | |
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NY Attorney General Letitia James accuses Digital Currency Group and affiliates of a massive $3 billion crypto fraud, impacting over 230,000 investors, highlighting the need for stricter regulations.
2024-2-9 19:59 | |
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The U.S. Department of Justice has announced charges against three individuals in connection with a massive $1.89 billion fraud scheme
2024-1-30 13:47 | |
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In a significant legal development, Mark Scott, a lawyer implicated in the notorious OneCoin cryptocurrency pyramid scheme, has been sentenced to 10 years in federal prison. This follows his conviction for bank fraud and money laundering related to the OneCoin project, which amassed nearly $4 billion between 2014 and 2016.
2024-1-26 13:27 | |
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U.S. Attorney Damian Williams announced Monday that authorities had seized over 50,000 bitcoins, allegedly linked to the illegal online marketplace, Silk Road. At the time of the seizure, the digital currency was valued at around $3.36 billion. Silk road fraud…
2022-11-8 00:30 | |
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James Zhong stole over $3 billion BTC from Silk Road by committing wire fraud and possibly faces over 20 years in prison in the latest U.S. seizure.
2022-11-8 19:47 | |
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The United States Attorney has announced that the Department of Justice has officially seized Bitcoin valued at $3. 36 billion at the time of appropriation in connection with the 2012 Silk Road fraud.
2022-11-8 19:35 | |
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A fresh lawsuit has been initiated in Singapore against embattled Terra Form labs CEO Do Kwon, the Luna Foundation Guard (LFG) and Terra founding partner Nicholas Platias by victims of the UST-induced market meltdown that saw over $40 billion worth of crypto assets evaporate in May.
2022-10-30 22:35 | |
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South Korean prosecutors are seeking an eight years sentence for the founder of Bithumb, Lee Jung-hoon, on charges that he defrauded the chairman of cosmetic surgery company BK Group, Kim Byung Gun, of 100 billion won (around $70 million).
2022-10-27 00:21 | |
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Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. The post Bithumb owner to receive 8-year jail term for $70M fraud – local media appeared first on CryptoSlate.
2022-10-25 13:40 | |
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