On July 7, the Shenzhen Municipal Task Force Office for Preventing and Combating Illegal Financial Activities issued a stern warning to the people of China regarding the risks associated with stablecoin and digital assets, urging citizens to avoid unregulated schemes. Shenzhen Government Warns About Rising Stablecoin Scams As digital currencies, especially stablecoins, continue to receive …
Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering.
On June 25, Europol announced a major breakthrough as Spanish Guardia Civil, with support from law enforcement in the U.S., Estonia, and France, dismantled an international crypto fraud network that scammed over 5,000 victims across Europe and beyond. The Fraud Operation The criminal gang operated via a Hong Kong-based front company that posed as a …
In the latest development for the ongoing LIBRA coin legal saga, Argentinian newspaper La Nacion reports that Hayden Mark Davis, CEO of Kelsier Ventures, submitted a voluntary statement last Monday to a federal court in New York. The case centers on a class action lawsuit brought by U.S. investors who suffered losses following the rapid […]
The post US entrepreneur Hayden Davis testifies in LIBRA case in New York as legal proceedings advance appeared first on CryptoSlate.
Australia’s major crypto crackdown has taken an unexpected turn. On Wednesday, a nationwide law enforcement operation targeting crypto ATMs identified 90 individuals linked to suspected scams—only to discover most were actually victims, not offenders. Despite tightening regulations, Australia continues to battle rising crypto ATM scams. The Australian Transaction Reports and Analysis Centre (AUSTRAC), in collaboration …
The latest memecoin hype around Russian influencer Hasbulla’s new token BULLA is turning sour as serious concerns have been raised by well-known crypto voices. The coin, which raised around 20 million dollars, is now being accused of scamming early investors, with critics warning that history may be repeating itself. Hasbulla raised $20M for a memecoin …
ZachXBT has strongly denied James Wynn’s claim that a conspiracy group is using his name to launch scam tokens at price peaks. He accused James of repeatedly running similar meme coin scams on his own followers over the years. Back in July 2024, Dylan accused James of getting 2% of the Babypepe token supply and …
On April 9, Argentina’s House of Representatives voted 128–93 to create a special committee to investigate the LIBRA memecoin scandal involving President Javier Milei. The resolution follows rising concerns over the alleged misuse of cryptocurrency linked to the president. Lawmakers aim to uncover the full scope of the situation and determine if any misconduct occurred. …
Scam emails are making the rounds in the crypto community, falsely claiming that Gemini is filing for bankruptcy. These emails, coming from suspicious addresses, misleadingly state that a 2024 security breach compromised $1.2 billion in the exchange’s cold storage reserves. The fraudsters further claim that operational and regulatory challenges are forcing Gemini into bankruptcy protection. …
As cryptocurrency grows in popularity, so do scams targeting unsuspecting investors. Fraudsters create fake trading platforms, promise huge returns, and manipulate users into depositing funds—only to steal the money. Authorities worldwide are cracking down on these schemes, recovering stolen funds, and urging victims to come forward. DOJ Recovers $7M From Crypto Scam The U.S. Department …
After a long legal tug-of-war under Biden’s leadership, Ripple is finally catching a break. Reports suggest that President Donald Trump’s team is eyeing XRP as a key player in building a powerhouse Bitcoin (BTC) reserve. A new proposal submitted to the US SEC suggests that XRP could play a key role in boosting the US …
The LIBRA crypto scandal in Argentina has taken another shocking turn, with lawyer Gregorio Dalbon pushing for the arrest of Hayden Davis, the man accused of being behind the failed project. Dalbon has formally requested an Interpol Red Notice, which would help locate and detain Davis in the U.S. before extraditing him to Argentina. He …
Once celebrated as Australia’s “crown prince of Bitcoin,” Sam Lee is now in a legal scoop with both the SEC and the DOJ. The blockchain entrepreneur, who co-founded the HyperVerse and HyperFund crypto investment schemes, is facing fraud charges from the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Prosecutors accuse …
In the strongest-ever move to uncover the infamous Gainbitcoin scam – allegedly orchestrated by Amit Bhardwaj (deceased) and Ajay Bhardwaj, the Central Bureau of Investigation, the central investigation agency of India, has conducted raids in at least 60 locations across the country and seized cryptos valued at approximately $2.75 million. Curious to know more details? …
LIBRA, a meme coin supported by Argentinian president Javier Gerardo Milei, has experienced a sharp drop of 42.7% in the last seven days. An on-chain data by Nansen, a leading on-chain analytics platform, shows that a significant number of traders have suffered huge losses. Though Milei has deleted the post published in support of the …
With every passing day, a new story is coming on the way and it all goes to the downfall of Argentine President Javier Milei who is facing heavy backlash from the crypto community worldwide. The recent scoop reveals his sister, Karina Milei, was allegedly paid to influence him in promoting the Libra (LIBRA) token, raising …
Argentina’s President Javier Milei is facing fraud allegations over his alleged promotion of LIBRA, a Solana-based token that collapsed, wiping out millions in investor funds. After a huge outlast over the coin and scam, legal entities have filed a lawsuit to protect the investor’s rights. A federal judge, María Servini, has been assigned to investigate …
What started as an exciting meme coin launch tied to Argentine President Javier Milei quickly became a nightmare for investors. Within hours, LIBRA, the token he promoted, skyrocketed to a $4.5 billion market cap, only to crash soon after. Accusations of insider trading, market manipulation, and financial fraud have now taken center stage, raising serious …
Argentina is caught in a huge crypto controversy, with President Javier Milei at the center of a legal mess. It all began when Milei posted about LIBRA, a new cryptocurrency, on X. His support sent the token from $0.006 to almost $5 in just a few hours. Many investors assumed the project had government backing …
Frank Richard Ahlgren III, a Texas resident, was sentenced to two years in prison and ordered to pay $1,095,031 in restitution for tax fraud linked to $4 million in Bitcoin sales. This marks the first cryptocurrency-only tax fraud case in U.S. history. Ahlgren used multiple wallets, face-to-face transactions, and mixers like CoinJoin and Wasabi Wallet …
The United States, Japan, and South Korea have joined together to warn the industry about the ongoing hacking threats by North Korean actors after observing “aggressive” targeting of the crypto industry. Related Reading: US Supreme Court Rejects Binance’s Appeal In Revived Crypto Investors Lawsuit US, Japan, South Korea Send Warning In a joint statement, the […]
Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations.
Crypto scammers are becoming more creative in their attempts to swindle and fool unsuspecting investors and individuals. Even more alarming is that these scammers don’t fit a specific profile or background. That’s precisely what happened to Ministerio Apostólico Profético Tiempos de Poder parishioners in Pasco, Washington, when they fell for a cryptocurrency scam run by […]
The CEO of K-pop giant Cube Entertainment is under fire after being accused of participating in a crypto investment scam. He is suspected of allegedly using the entertainment company to inflate the price of the alleged scam token and now risks legal action. Related Reading: Oklahoma Senator Introduces Bitcoin Freedom Act To Allow BTC Payments […]
Seychelles-based OKX has issued a warning about the proliferation of unauthorized OKX wallet add-ons, which are currently available in the Firefox plug-in store. According to user reports, the fake browser extension adds a third-party functionality within the site’s browser interface. Although Firefox’s plug-in store has recorded less than 100 downloads as of this writing, the […]
India has strengthened its effort to fight crypto-related scams. The 2024 annual report of the Indian Ministry of Home Affairs reveals that the country has ensured the support of tech giants like Google and Meta in its plan to curb crypto scams. Here is what you should know about the development. India Teams Up With …
In a fortunate move, the Vietnamese authorities were able to successfully dismantle a large-scale cryptocurrency scam orchestrated by a company called ‘Million Smiles,’ protecting nearly 300 potential victims from financial exploitation. The scheme, built around a fictitious token called QFS (Quantum Financial System), had already swindled approximately $1.17 million (30 billion VND) from around 400 […]
According to the Bloomberg report, Stephen Akridge is locked in a legal battle with his ex-wife, Elisa Rossi. She filed some grave charges against Akridge for using her blockchain expertise to take millions of dollars worth of staking rewards from her Solana holdings. According to the lawsuit, Akridge allegedly controlled her crypto accounts between March and …
Cryptocurrency can be a road for financial freedom for some however for others crypto scandals can be disruptive. The SEC has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC for misleading investors about Terra USD stability and selling unregistered securities. The story doesn’t just expose a company but raises questions about …
The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years in federal prison for operating a fraudulent crypto investment scheme. The fraud, which spanned over a year, defrauded multiple investors of more than $350,000. The sentencing, handed down by United States District Judge Thomas O. […]