The U.S. Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued a joint statement on...
Bloomberg reports that most celebrity crypto endorsements have backfired. Celebrities face huge losses and expensive lawsuits. Several sportspersons have jumped on the crypto bandwagon.
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Ex-FTX CEO Sam Bankman-Fried is still in the spotlight—but not for the right reasons. The SEC and the Department of Justice are investigating the founder...
The American authorities ordered Jeremy Spence (a.k.a. “Coin Signals”) to pay over $2.8 million in restitution to victims of his cryptocurrency fraud.
The US...
US DEPARTMENT OF JUSTICE, NOV. 21 — Two Estonian citizens were arrested in Tallinn, Estonia, yesterday on an 18-count indictment for their alleged involvement in...
Social engineering attacks leveraging a combination of romantic lures and cryptocurrency fraud have been deceiving unsuspecting victims into installing fake apps by taking advantage of legitimate iOS features like TestFlight and Web Clips.
Cybersecurity company Sophos, which has named the organized crime campaign "CryptoRom," characterized it as a wide-ranging global scam. "This style of
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice.
Bitconnect’s Founder Could Go to Prison for 70 Years
The U.S. Department of Justice […]