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SEC warns of rising impersonation scams using official branding and fake identities to exploit investor trust, highlighting growing risks tied to social media and text-based fraud schemes targeting financial data and funds. SEC Warns Investors About Impersonation Scams, Fraud Tactics The U.S. Securities and Exchange Commission (SEC) shared on social media platform X on April … Read more
Vietnamese authorities dismantled a massive cryptocurrency fraud scheme following coordinated raids across multiple provinces, resulting in more than 140 interrogations and the seizure of extensive electronic evidence. Rapid Response and Formal Charges Authorities in Vietnam have launched a sweeping investigation into one of the country’s largest cryptocurrency fraud cases to date, detaining several high-profile figures … Read more
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were reportedly drawn into a police investigation in India over the weekend tied to an alleged cryptocurrency-related fraud case, with conflicting reports on whether the pair were formally arrested or questioned. CoinDCX Calls FIR ‘False’ as Founders Face Scrutiny in India Crypto Fraud Case Several reports note that … Read more
Crypto scammers are increasingly exploiting trusted institutions like the FBI to deceive users, using fake Tron-based tokens and urgent messaging to steal sensitive data while losses across digital asset fraud surge into the billions. FBI Issues Warning Raising Alarm Over Expanding Crypto Scam Threat The Federal Bureau of Investigation (FBI) New York field office warned … Read more
Authorities pulled the plug on the Socksescort proxy empire, freezing $3.5 million in crypto and exposing a global router botnet. U.S. and European authorities have dismantled Socksescort, a residential proxy network powered by AVRecon malware that quietly hijacked more than 369,000 devices across 163 countries. Operating since 2020, the service sold access to infected home … Read more
Nevin Shetty, the former senior executive of startup Fabric, has been sentenced to two years in prison for a $35 million wire fraud scheme involving a high-risk cryptocurrency gamble. A Secret Side-Business A former chief financial officer’s (CFO) attempt to turn his employer’s treasury into a personal cryptocurrency “ yield farm” has ended in a … Read more
Bybit intercepted $300 million in fraudulent withdrawals in Q4 2025 using a new AI-powered risk framework. The exchange says its multi-layered defense system sets a new standard for proactive crypto security. Artificial Intelligence (AI) Shields Users as Bybit Sets New Security Benchmark in 2025 Bybit says it prevented $300 million in scam-related losses in the … Read more
Washington’s newest crypto-fraud crackdown is starting to put real numbers on a shadowy ecosystem that has quietly drained innocent people’s savings for years. Federal prosecutors say the money trail is finally being cut off – and the amount seized is staggering. DOJ Strike Force Says ‘Pig Butchering’ Networks Are Losing Access to Their Crypto War … Read more
Australian detectives have dismantled a major investment scam that defrauded over 190 elderly and vulnerable victims of $3.5 million. The Nexopayment Deception Australian Cybercrime Squad detectives have charged a man following an investigation into a large-scale investment scam that defrauded more than 190 elderly and vulnerable residents of $3.5 million. The Cybercrime Squad established the … Read more
A fugitive crypto scam operator Daren Li was sentenced in absentia to 20 years in prison and three years of supervised release for laundering more than $73 million stolen from American victims. Details of the Money Laundering Conspiracy A U.S. court has sentenced in absentia a dual citizen of China and St. Kitts and Nevis … Read more