fraud News and Articles

An investigation by the Italian tax police, together with the South Tyrol provincial prosecutor's office, found that 14 people associated with the OneCoin pyramid were accused of aggravated fraud. The investigation established that three brothers from South Tyrol, living abroad, together with the...

US Attorney's Office for the Southern District of New York submitted a lawsuit against the architect of the McAfee antivirus software firm John McAfee and the executive advisor of his cryptocurrency staff Jimmy Gale Watson with funds scam and money laundering. The police detained Jimmy Watson on...

The video hosting YouTube claims that it is not immune to cryptocurrency fraud, which is built in the form of video content or descriptions. In April, Ripple's lawyers and CEO Brad Garlinghouse filed a lawsuit against YouTube for failing to stop XRP scammers. Garlinghouse and his team argue that...

A federal judge in the southern district of New York ordered Eran Eyal, CEO of Shopin, a crypto company, to pay a fine of $450,000 after being convicted of three fraud episodes through an unregistered $42 million ICO. The U.S. Securities and Exchange Commission (SEC) in December 2019 accused...

Fraudsters posing as Elon Musk have engaged in a new trick that has already robbed at least $2 million of trusting BTC holders, The Block reports. The organizers of fake distributions of cryptocurrency began to use the so-called vanity addresses, which can contain words, names, or phrases....

The bankruptcy and subsequent closure of the QuadrigaCX cryptocurrency exchange were caused by fraudulent actions by its founder Gerald Cotten. This is evidenced by the results of the investigation of the Ontario Securities Commission (OSC). The regulator studied data on 368,000 accounts and the...

Vitalii Antonenko, a New Yorker, faces 20 years in prison and a large fine for a number of crimes using bitcoin. This was reported on the website of the US Attorney's Office. Antonenko is accused of a series of cybercrimes with the aim of stealing information about bank cards. According to...

Attackers created a fake YouTube account of Google Founder Sergey Brin and promised 5000 BTC distribution on his behalf. At a certain moment, over 100 thousand people watched the live broadcast: in a small window they showed Brin's old performance, and against this background, they promoted a...

A resident of Australia was arrested on suspicion of laundering AUD $5 million ($3.2 million) through bitcoins. She led the illegal trading platform, exchanging cryptocurrency for fiat, reports The Australian. A 52-year-old woman was detained at a mall in New South Wales. With her, they found more...

Moscow law enforcers verify the theft of 3.4 million rubles ($46.000) under the pretext of trading on the crypto exchange. According to TASS, citing the press service of the Ministry of Internal Affairs, a Muscovite met a fraudster in December 2017. The latter introduced himself as a cryptocurrency...

Malaysian law enforcers have arrested Chinese attackers accused of cryptocurrency fraud. It is reported by the South China Morning Post. According to police, the detainees pretended to be successful investors, and their victims were found mainly in China. To reinforce this legend, they created...

The police began an investigation into the theft of 1 million 660 thousand rubles ($22.000) from a 65-year-old resident of Adygea under the guise of investing in cryptocurrency. This was reported on the website of the Ministry of Internal Affairs. The victim was going to purchase shares of one of...

Unknown persons under the guise of the Solidarity Fund of the WHO are collecting donations in Bitcoins, allegedly to fight against coronavirus. Sophos security researcher Chester Wisniewski posted a screenshot of the attacker's email. In their message, the scammers claim the funds will go to study...

Law enforcers began an investigation into the theft of 980 thousand rubles ($15.000) from a resident of the Altai Territory, who became a victim of fraudsters in an attempt to acquire cryptocurrency. This was reported by the press service of the local Ministry of Internal Affairs. The victim became...

A scam group based in Kyiv in 2019 lured out about $70 million under the guise of investing in cryptocurrencies and stocks. Its victims were thousands of people from more than 50 countries. It is reported by The Guardian, as well as the Swedish newspaper Dagens Nyheter, citing an anonymous...

Seattle District Court found Microsoft ex-tester Volodymyr Kvashuk guilty of organizing a fraudulent scheme using crypto. This was reported on the website of the US Department of Justice. From August 2016 to June 2018, the 25-year-old citizen of Ukraine, Kvashuk worked in the team of the Universal...

Law enforcement authorities opened a criminal case against a resident of Minsk, who illegally installed a mining farm in the basement of one of the children's educational institutions. This was reported by the agency Minsk-News. The father-in-law, working in the institution as a worker, helped the...

Montreal’s prosecutor’s office has filed four charges of $50 million in cryptocurrency fraud involving the substitution of SIM cards against an 18-year-old hacker. This was reported by local media. The indictment says that Bensaci was in a gang robbing Canadian and American crypto holders. SIM...