Generative Data Intelligence

Tag: cryptocurrency fraud

U.S. banking regulators warn against cryptocurrency fraud, contagion risks

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...

Celebrity Endorsements in Cryptocurrency Have Backfired in 2022

Bloomberg reports that most celebrity crypto endorsements have backfired. Celebrities face huge losses and expensive lawsuits. Several sportspersons have jumped on the crypto bandwagon. ...

Why Isn’t Sam Bankman-Fried Behind Bars Yet?

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...

Crypto Scammer Coin Signals Ordered to Pay $2.8 Million to Victims

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...

Opposing The Corruptible Fiat System, Bitcoin Enforces Universal Human Rights

​​This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled extensively around the world to learn how...

News Roundup | Nov 25, 2022

Last week saw New York banning crypto mining, El Salvador establishing a dedicated cryptocurrency office, and other crypto news items.          El...

Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme

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...

‘CryptoRom’ Crypto Scam Abusing iPhone Features to Target Mobile Users

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

US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

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 […]

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