Key Takeaways Malone Lam pleaded guilty to participating in a RICO conspiracy. The network used deception and break-ins to drain crypto wallets. Members spent proceeds on cars worth up to $3.8 million and $500,000 nightclub […]
Key Takeaways Park was convicted of three wire fraud and two bankruptcy fraud counts. Prosecutors said he hid millions in crypto before claiming only $0.34. Sentencing is set for Dec. 10, with decades in prison […]
Key Takeaways A Connecticut consumer cannot recover a $200,000 crypto deposit. The state alert names seven offshore DeFi trading platforms. Officials cite leverage of up to 250x and limited recourse for investors. Connecticut Links $200,000 […]
Key Takeaways FinCEN analyzed 33,904 reports tied to $12.7 billion in suspected activity. Suspected scam activity affected people across every U.S. state. Criminal networks used stablecoins, shell companies, and money mules. FinCEN Analysis Tracks $12.7 […]
Key Takeaways Nine investors who complained to Action Fraud paid more than £300,000. Investigators found no evidence that any genuine trading occurred. U.K. authorities warn investors to scrutinize guaranteed-return offers. UK Court Winds Up Key […]
Key Takeaways Edward Zimbardi faces federal charges after being deported from Fiji. Scheme allegedly misappropriated $165 million from thousands of victims. Funds were gambled on foreign exchange trades and personal luxuries. Alleged Scheme Execution Federal […]
Key Takeaways About 1,600 customers contributed at least $397 million. The SEC alleges at least $425 million was raised from over 1,300 investors. The CEO already pleaded guilty to federal criminal charges. Customers Put at […]
Key Takeaways Three St. Louis men face up to 20 years over a bitcoin robbery plot. The trio stalked a family for two days with air rifles and rental cars. A Florida crew arrived next, […]
Authorities are asking crypto exchanges to add new withdrawal restrictions to combat rising fraud. Japan’s Financial Services Agency and the National Police Agency are jointly urging the Japan Cryptocurrency Exchange Association to strengthen safeguards against […]
Key Takeaways Scammers targeted crypto users after ESMA’s July 1 MiCA deadline by spoofing regulators and exchanges. Over 1,700 unlicensed platforms face shutdowns while Coinbase and 322 others secured MiCA licenses. France’s AMF is avoiding […]
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