Five people have been put behind bars for a large-scale cryptocurrency scam, which defrauded investors out of $21.6 million. Through the EXW Wallet and EXW crypto token, the group conducted their fraudulent activities defrauding an estimated 40,000 victims. According to the report, the convicted criminals spent the stolen money on ... Read more
An Indian national has been handed down a sentence for his part in a cryptocurrency scam that targeted more than $20 million from its victims. According to a recent report, the scam had fake websites which resembled the popular cryptocurrency exchange platform known as Coinbase. Chirag Tomar, 31 years old, ... Read more
The Hong Kong Police Force (HKPF) has effectively disrupted a major cross-border fraud syndicate from a factory style premises in an industrial building in Hong Kong. The group, including four women and nine men, used romance scams to trick victims into investing in fraudulent cryptocurrency projects and had reportedly netted ... Read more
The federal authorities said that 18 people and companies have been indicted in a large-scale cryptocurrency market manipulation and fraud case. The charges, which were unsealed in Boston, name leaders from four cryptocurrency companies and four financial services companies and their employees as defendants. These companies have been alleged to ... Read more
A 21 year old man from Lebanon, Indiana has recently agreed to plea guilty to charges related to what has been described as a $37 million cryptocurrency theft. Evan Frederick Light pleaded guilty in front of U.S. Magistrate Judge Veronica Duffy on September 30, 2024, for his part in a ... Read more
During a trial held at the Seoul Southern District Court on Wednesday, the chief executive of Haru Invest, Hyungsoo Lee, was brutally assaulted by an angry investor. The alleged attacker named Kang attacked Lee using a 20-centimeter knife and stabbed him in the neck several times, causing a scandal in ... Read more
In a significant legal and diplomatic breakthrough, the Chinese government has successfully extradited its first economic crime suspect from Thailand. Zhang’s extradition, a linchpin figure in an enormous crypto pyramid scheme, marks a pivotal moment in bilateral relations between the two nations. On the evening of August 20, Zhang was ... Read more
