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European authorities shut down a vast crypto-fraud engine responsible for hundreds of millions in illicit flows, marking a major blow to criminal networks exploiting digital assets and exposing how deeply coordinated scams infiltrated the continent. EUR 700M Crypto Spiral Breaks in Europe With Raids Triggering Next Phase Europol announced on Dec. 4 that authorities across … Read more
A federal jury’s fraud conviction of a Texas mining founder underscores calls for transparency that are accelerating stronger safeguards, reinforcing investor confidence, and positioning legitimate bitcoin mining operations for growth despite revelations of customer deception. Federal Jury Finds Mining Founder Guilty in Multimillion-Dollar Crypto Fraud The U.S. Attorney’s Office for the Northern District of Texas … Read more
A Californian man, Kunal Mehta (45), known by aliases like “The Accountant,” has pleaded guilty to charges related to a multi-state conspiracy that stole hundreds of millions of dollars in cryptocurrency using social engineering schemes. The Anatomy of the Conspiracy A Californian man (45) recently pleaded guilty to charges stemming from his role in a … Read more
Relentless impersonation campaigns are accelerating across the XRP ecosystem, intensifying investor vigilance as coordinated fraudsters exploit major industry events to target holders with increasingly sophisticated counterfeit content. Ripple Flags Expanding Fraud Targeting XRP Holders Ripple has warned of escalating fraud risks as counterfeit content targets XRP holders with increasing frequency. The crypto firm shared on … Read more
A Spanish High Court judge has ordered cryptocurrency entrepreneur Álvaro Romillo Castillo into provisional detention without bail over allegations that he orchestrated a $300 million pyramid scheme. Political Connections and Arrest A Spanish High Court judge has ordered Álvaro Romillo Castillo, the cryptocurrency entrepreneur known as “Cryptospain” and “Luis Crypto,” into provisional detention without bail. … Read more
Indian authorities have unleashed a major financial strike, freezing crypto assets worth thousands of crores linked to illegal forex and crypto trades, as the dragnet tightens on global networks funneling funds through shell firms and offshore channels. India Freezes $271M in Crypto Amid Crackdown on Illegal Forex Trading India’s financial authorities have taken fresh action … Read more
Crypto security panic is escalating as a new surge of highly deceptive scams sweeps the market following a $3 million XRP theft, sparking fresh investor fears and forcing a global rethink on wallet safety and digital asset protection. Ripple CTO Issues Urgent Warning Amid Explosive Rise in Crypto Phishing Scams Ripple Chief Technology Officer David … Read more
A crushing crypto scam has wiped out the life savings of a Connecticut man, spotlighting the explosive rise in digital investment fraud that has cost victims billions and sparked urgent federal investigations across the country. Crypto Scam Destroys Connecticut Man’s Life Savings, FBI Investigates A devastating financial loss has left a Shelton, Connecticut, man without … Read more
The UK government is weighing a compensation plan for victims of a major crypto fraud involving 61,000 BTC seized from Chinese scammer Zhimin Qian. Details of the Seizure and Conviction The United Kingdom government is considering a compensation plan for victims of a major fraud case that could see the Treasury retain a portion of … Read more
$15 billion in illicit entity balances and $60 billion in downstream wallets are reshaping global enforcement, revealing a vast, traceable pool of crypto-linked assets ripe for recovery. $75 Billion in Crypto-Linked Illicit Holdings Drives New Wave of Global Seizures Growing coordination between blockchain investigators and law enforcement is redefining how digital assets tied to crime … Read more
