The US Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto pyramid and Ponzi scheme that raised over USD 300m from millions of investors worldwide, including in the United States…. Read More: SEC Charges 11 People over USD 300M Crypto ‘Pyramid Scheme’ Read more »Pay, Trade, Buy Bitcoin…
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An analysis of recent hacks targeting non-fungible token (NFT) projects carried out through the social media platform Discord shows that many of them are part of a larger string of attacks, according to blockchain intelligence company TRM Labs. Such attacks have rapidly risen over the past three months, and since May 2022, the NFT community has…
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An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets. … Read More: ‘Pig Butchering’ Crypto Investment Scams Delivered ‘Massive…
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While the NFT market has opened up new opportunities for artists and creators to monetize their work, it has also created an opening for scammers to exploit and siphon crypto and JPEGs from unwitting victims. In this guide, you will discover a list of the most common NFT scams and how you can avoid them. …
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A South Korean local government official in charge of managing public funds for grassroots sports has admitted to embezzling over USD 367,000 worth of tax payers’ money – which she says she and her husband spent on crypto investments and internet gambling. KBC reported that the police are now processing the unnamed official’s case in…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Ex-Coinbase Manager Charged With Insider Trading, Layoffs at Blockchain.Com, KuCoin Raises USD 10M + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
A 33-year-old South Korean crypto company chief has appealed a 25-year prison sentence after allegedly pushing his live-in girlfriend to her death from a 19th-storey window. Per Asia Today and Newsis (via Fn News), the man, referred to for legal reasons by his surname Kim, was the CEO of an unnamed crypto investment firm and…
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Crypto mixers – services that exist to increase the anonymity of crypto users – are more popular than ever, while illicit addresses account for 23% of funds sent to mixers so far this year, a new report from blockchain intelligence firm Chainalysis has found. The 23% number for these seven months of 2022 marks a…
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The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’ Law Enforcement in Russia Targets Droppers Involved in Fraudulent Crypto Schemes The Ministry of Internal…
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Reports that prosecutors in the Darnytskyi District of Kyiv, Ukraine, have recently busted a gang of over-the-counter (OTC) crypto brokers – who allowed individuals in Russia and areas under Russian control to swap silver, cash, and land for cryptoassets – appear to be somewhat wide of the mark…. Read More: No, Ukrainian Prosecutors Didn’t Just…
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