Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto scammers continue to believe they can get away with their dirty tactics. Two residents of Greater London have been sent to prison after swindling more than £1.54 million—about $2.1 million—from at least 65 people. Sentences of over five years for Raymondip Bedi and […]
2 Londoners Get 12 Years For $2M Scam Read More »
The U.S. Secret Service is spearheading a global crackdown on crypto fraud, arming over 60 countries with cutting-edge blockchain tracing skills. Secret Service Expands Global Crypto Fraud Training Network The U.S. Secret Service has quietly established itself as a global training force in the fight against cryptocurrency-related fraud, instructing officials in more than 60 countries
US Secret Service Trains 60+ Nations to Track Crypto Scams With Blockchain Tools Read More »
A global crypto fraud empire that funneled over half a billion dollars from thousands of victims has been dismantled in a sweeping international operation spanning three continents. Crypto Fraud Network Dismantled: Europol, Spain Arrest 5 in Major Bust A sweeping crackdown on a global cryptocurrency scam has unraveled a vast network that siphoned millions from
Over 5,000 Scammed in Massive Crypto Scheme Broken up in Spain Read More »
Key Takeaways: Charles Uchenna Nwadavid pleaded guilty in Boston to mail fraud and money laundering. He laundered funds from six U.S. victims using cryptocurrency between 2016 and 2019. Transactions were processed through LocalBitcoins, accessed remotely by Nwadavid overseas. A Nigerian national pleaded guilty in Boston federal court on June 25 to charges related to laundering
Nigerian Man Pleads Guilty to Laundering $2.5M in Crypto from US Victims Read More »
The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit and is in the process of returning funds stolen through a Safemoon smart contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The U.S. Department of Justice (DOJ) announced on June 12 that it has seized and is in the process of
$680K From Crypto Exploit Recovered: DOJ Returning Funds to Victim Read More »
The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in crypto and exposing years of fake trading volume that misled investors and platforms. DOJ Forces Market Manipulator Gotbit to Shut Down The U.S. Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a cryptocurrency-focused financial firm based in Russia
Gotbit Ordered to Dissolve After DOJ Seizes $23M in Crypto Read More »
Ohio’s six-step crypto fraud rescue plan puts victims in control, arming them with powerful tools to freeze wallets, preserve evidence, protect identities, and fight back. Ohio’s 6-Step Blueprint for Crypto Scam Victims: From Wallet Freeze to Reporting The Ohio Attorney General’s Office published a detailed consumer advisory on June 11 addressing the rise in cryptocurrency-related
Hit by a Crypto Scam? Ohio Offers 6 Steps to Take Before It Gets Worse Read More »
Federal agents recovered $2.5 million in crypto from fraudulent investment schemes, underscoring an aggressive push to restore trust and integrity across digital asset markets. Federal Agents Just Froze Millions in Crypto—Here’s What They Found The U.S. Department of Justice (DOJ) announced on May 23 that it has secured the forfeiture of approximately $2.5 million in
US Recovers $2.5M in Crypto From Schemes Preying on Market FOMO Read More »
The U.S. Securities and Exchange Commission (SEC) has charged Alexandre Konanykhin with securities fraud after he allegedly swindled more than 5,000 unsuspecting investors by inflating the value of his company’s Unicoin tokens. SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, Vladmir Putin, for mass murder,” the February 2022 Facebook post reads.
Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud Read More »
Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions. Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead to Federal Conviction The U.S. Department of Justice (DOJ) announced on May 21 that Braden John Karony, chief executive
Safemoon CEO Found Guilty in Major Crypto Fraud, Could Serve 45 Years Read More »
