Raymondip Bedi and Patrick Mavanga have been convicted of planning a fraudulent crypto investment scheme that swindled at least 65 people out of £1,541,799 (approximately $1.95 million. The UK’s Financial Conduct Authority (FCA) revealed that the duo tricked investors into investing in the fake cryptocurrency investment platforms between February 2017 ... Read more
Aleksei Andriunin, a 26-year old Russian living in Portugal, stands accused of wire fraud and conspiracy in regard to manipulating cryptocurrencies. Andriunin, his firm Gotbit and two of its directors Fedor Kedrov and Qawi Jalili have been accused of manipulating trading volumes for their clients in cryptocurrency . This indictment ... Read more
1inch, a leading DeFi protocol, was recently hacked, and the attack affected its web dApp. Some users reported seeing pop-ups that looked quite shady and asked them to link their wallets. Blockaid, a blockchain security company, said that these prompts led users to the ‘Ace drainer’ page which pretended to ... Read more
The crypto scams have become more complicated as seen in the recent interception of an international fraud ring that swindled a Thai woman of 21 million baht (around $620,000). The complex plan took place in Thailand, Myanmar, and Cambodia and targeted the victim with a fake cryptocurrency investment scheme, while ... Read more
A U.S. appeals court has ruled against a homeowner who attempted to use his home insurance to get back $170,000 lost in a cryptocurrency fraud. On October 24 this year, the Fourth Circuit Court of Appeals stated the loss did not involve the “direct physical loss” which is necessary for ... Read more
A Singaporean man, Malone Lam, has been charged in the United States in relation to what is being said as one of the largest cryptocurrency thefts ever committed against an individual in the country.. Lam is charged with hacking into the account of a high net worth investor and stealing ... Read more
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
A phishing scam campaign has been revealed that aims at users looking for Sony’s blockchain project called Soneium. The scare appeared to use a Google advertisement that would redirect unsuspecting users to a fake website developed to steal users’ cryptocurrencies. In a recent X post, Scam Sniffer posted that to ... 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
