Scams – DIGIT INFO

Binance’s Yi He warns of alleged impersonation scam, CoinUp denies ties

DIGIT — Tue, 23 Jun 2026 10:48:53 +0000

Binance co-founder Yi He warns of an alleged impersonator referred to as “Zhu Pan” in Chinese-language posts as CoinUp distances itself from the individual.

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Why Google search can be a crypto wallet risk

DIGIT — Mon, 22 Jun 2026 14:30:00 +0000

Think your wallet is safe? A major crypto risk may start with a Google search and one wrong click.

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Florida man pleads guilty for promoting $1.8B ‘HyperFund’ crypto fraud

DIGIT — Thu, 18 Jun 2026 06:06:20 +0000

Rodney “Bitcoin Rodney” Burton faces a maximum sentence of five years in federal prison for conspiracy to operate an unlicensed money transmitting business.

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FBI Races to Get $8.2M in Seized Crypto Back Into Victims’ Hands

DIGIT — Fri, 07 Mar 2025 05:30:46 +0000

Federal authorities move to return $8.2 million in seized cryptocurrency to victims of a widespread crypto fraud scheme that tricked investors through deceptive messages and fake platforms. FBI Seized $8.2M in Crypto—Now They’re Taking Action to Reimburse Victims Federal authorities are working to return over $8.2 million in seized cryptocurrency to victims of an investment […]

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Feds Take Down 73-Year-Old in $2.4M Crypto Conspiracy—Prison Time Looms

DIGIT — Sat, 01 Mar 2025 06:30:00 +0000

A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander converted illicit funds into cryptocurrency and funneled them to accounts controlled by domestic and foreign partners. To evade detection, they […]

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India Seizes $2.8M in Crypto After Raiding 60+ Locations in Gainbitcoin Scam

DIGIT — Sat, 01 Mar 2025 05:30:31 +0000

India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The Central Bureau of Investigation (CBI) announced this week that it has seized cryptocurrencies worth INR 23.94 crores (approximately $2.75 million) and other key evidence following […]

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FBI Cracks $290M Crypto Scam—Trade Coin Club Exposed

DIGIT — Sun, 23 Feb 2025 04:30:16 +0000

A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $290M Bitcoin Scheme A Brazilian national has been extradited from Switzerland to the United States to face charges related to […]

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Libra’s Hayden Davis Says He Sent Money to Javier Milei’s Sister

DIGIT — Wed, 19 Feb 2025 07:10:37 +0000

Reporting from Coindesk has revealed that Hayden Davis, CEO of Kelsier Ventures, one of the entities behind the embattled memecoin Libra, allegedly boasted about sending money to Karina Milei, Argentinian President Javier Milei’s sister, months before the token’s scandalous launch that netted Kelsier $100 million and landed Javier Milei in serious political trouble including a […]

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Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial

DIGIT — Mon, 17 Feb 2025 04:30:21 +0000

A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to […]

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Hashflare Operators Plead Guilty in Massive Fraud Case

DIGIT — Sun, 16 Feb 2025 05:30:05 +0000

Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to 2019, deceived hundreds of thousands worldwide, including U.S. investors, by selling mining contracts despite lacking the computing power to generate promised returns. Instead, they fabricated […]

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