crypto fraud News and Articles

Federal Police of Brazil seized gold, luxury cars, and watches worth 4 billion Brazilian reals (about $766 M) while raiding houses of the members of a gang led by businessman Francisley Valdevino da Silva, known as "Sheik dos Bitcoins". According to a report by a local newspaper, the...

Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

Every year, digital assets are attracting more and more interest from ordinary Internet users. This indisputable fact lures a huge number of speculators who want to cash in on incompetent consumers who have just started to join the crypto space. Recently, in some provinces of Argentina, dubious...

Spain is on the list of European countries whose residents are not only massively interested in bitcoin but also invest in cryptocurrencies. That is why in this state there is an increased activity of all kinds of swindlers trying to steal money from ordinary Spaniards. At the beginning of the...

Ohio resident Michael Ackerman, who led the company Q3 Trading Club, confessed to a crypto fraud of $30 million, according to the US Department of Justice. According to the indictment, since 2017, Ackerman has raised funds for his trading company. He claimed that the algorithm he developed would...

A recently released report from analysts from Trend Micro said that there are about 120 cryptocurrency apps that are currently available for download from the Play Store. Experts noted that some of them have installed more than 100 thousand users on their gadgets. The document says that most of the...

UK citizens will pay $ 571 million for cryptocurrency fraud. The corresponding decision was made this week by the New York District Court. The Commodity Futures Trading Commission (CFTC) initiated the lawsuit. According to the American regulator, a resident of Manchester, Benjamin Reynolds,...

One of BTC-e currency exchange owners, Alexander Vinnik whose extradition from Greece the US is inquiring to face illegal charges, presently face a formal lawsuit in California. Previously, Vinnik was blamed for stealing Bitcoins from various virtual currency exchanges and now the US makes attempts...