The Department of Justice (DOJ) recently unsealed charges against five alleged scammers for running a crypto phishing scam that cost victims millions of dollars. According to a new press release …
Category:
Scams
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Scams
Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO
by skolnesThe CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and …
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Scams
Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report
by skolnesThe former chief technology officer of disgraced crypto exchange FTX is dodging prison time by cooperating with the US government. According to a report from Reuters, Wang – a computer …
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Scams
Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme
by skolnesThe founder of a crypto trading platform allegedly relied on corrupt Los Angeles Sheriff’s Department (LASD) deputies to facilitate extortion schemes and other crimes. Recent court documents indicate that the …
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Scams
BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report
by skolnesA man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after assisting authorities with another high-profile crypto laundering case. According to …
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Scams
Nearly One-Third of All Customers at US Banks Have Experienced Fraud in Last 12 Months: Study
by skolnesA massive chunk of all US banking customers have recently experienced some type of fraud on their accounts, according to a new study. Consumer insights and analytics firm J.D. Power …
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Scams
$500,000 Drained From American Bank Accounts As Insider Allegedly Steals Customers’ Sensitive Information, Sells Trove To Accomplices on Telegram: Manhattan District Attorney
by skolnesAn employee at US banking giant has been indicted, accused of stealing sensitive information from the lender’s customers and sharing it with accomplices. Manhattan District Attorney Alvin Bragg says Daria Sewell …
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Scams
Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison
by skolnesThe notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. …
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Scams
Six US Banks Issue Urgent Debit Card Alerts, Forcing Mandatory Replacements for Many, After Third-Party Security Breach
by skolnesSix US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements. In new filings with the Massachusetts state government, Mainstreet Bank, Savers …
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Scams
Crypto YouTuber Among Those Arrested for Allegedly Running $231,000,000 Fraud in Korea: Report
by skolnesSouth Korean authorities have reportedly arrested 215 individuals who are allegedly behind a cryptocurrency investment scam that defrauded thousands of victims. Yonhap News reports that the suspected perpetrators, including a …