Feds Bust Pig Butchering Scams: Recover $5M, Ex-Kansas Bank CEO Sentenced
US authorities declared victory in two cases involving crypto pigs' butchering. In one, money was found, while in another, the previous head of the bank was put behind bars.
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Latest firstBitrace Issues Warning on New QR Code Crypto Scam
The blockchain analysis company Bitrace said on social media that if you scan the incorrect QR code, it might empty your wallet.
HK Police Arrest Four in Connection with HK$11M Crypto Fraud, Including Teen Suspect
Four people, including a 14-year-old, have been taken into custody by Hong Kong police as part of a massive operation against financial crime.
ZkSync’s Gemholic Project Accused of $3.5 Million Rug Pull
Key Takeaways A project on the Ethereum layer 2 scaling solution zkSync, called Gemholic, is facing accusations of a rug pull after it withdrew $3.5 million in Ether (ETH) from the platform’s smart contracts. In the crypto space, a rug…
ZKasino Scam: Suspect Arrested, Dutch Authorities Seize $12.2M
An individual believed to be connected to the ZKasino online gambling platform scam was taken into custody by Dutch authorities.
Bitsonic CEO Receives Seven-Year Sentence for $7.5 Mln Worth Scam
Key Takeaways In a significant turn of events, Jinwook Shin, the CEO of Bitsonic, once a prominent player in South Korea’s crypto scene, has been slapped with a seven-year prison sentence for his role in a fraudulent scheme. Bitsonic, which…
DOJ Indicts Two in $25M AI Crypto Trading Scam
The US DOJ has charged two people with running a $25 million AI cryptocurrency trading Ponzi scheme.
Phishing Scam Targets FTX Customers, Promising Priority Withdrawals
Key Takeaways In a recent turn of events, FTX customers have fallen victim to a phishing scam that impersonates FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd. These fraudulent emails promise FTX creditors a seemingly enticing…
MidasDAO offers ~100,000% APY | Is MidasDAO Scam?
$CROWN is an OHM on steroids, according to the official Twitter handle Midas DAO, with a consistent stream of earnings from Metaverse, P2E games, and interest-bearing tokens. What is MidasDAO (CROWN)? MidasDAO is a fork of Olympus on the Avalanche…
OneCoin Scam Lawyer Denied New Trial in $400M Laundering Case
Despite a prosecution witness lying under oath during his 2019 trial, the lawyer accused of laundering $400 million from the OneCoin scheme was refused a plea for a new trial.