Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement.
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This was the first case against JPEX, which operated in Hong Kong without a license.
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Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange’s debts or buy crypto for others. The exchange […]
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A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence.
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A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […]
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Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy.
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A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities.
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The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often […]
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Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.
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India’s Supreme Court YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream.
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