crypto scam
Crypto-Forex Racket in India Dupes 450K Investors of Nearly $420 Million
- Rajasthan scheme caused losses; police recovered vehicles, jewellery, and cryptocurrency after arrests.
- Company directors tell investors “not to panic” and say the situation will “settle soon.”
Monday, 24/11/2025 | 15:34 GMT by
Tareq Sikder
Obama and Bezos Among Targets as Twitter Hacker Jailed in US to Return £4m in Bitcoin to UK
- The UK’s CPS worked with the US and Spain to recover 42 Bitcoin from a Twitter hacking scheme.
- Earlier, Florida teen Graham Ivan Clark hijacked celebrity Twitter accounts, swindling over $180K in Bitcoin.
Monday, 17/11/2025 | 13:54 GMT by
Tareq Sikder
$15 Billion Seized in DOJ’s “Largest Crypto Forfeiture” Linked to Pig Butchering
- DOJ targets Cambodia fraud; Chen Zhi allegedly used bribery and trafficked labor for crypto scams.
- SEC launches campaign highlighting “pig butchering” and other relationship-based investment scams.
Tuesday, 14/10/2025 | 16:14 GMT by
Tareq Sikder
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
- Glenda Rogan misled investors about cryptocurrency risks while funneling money to a suspicious site outside the country.
- In the meantime, she informed customers that their funds were being held in safe, fixed-interest accounts.
Thursday, 12/06/2025 | 06:35 GMT by
Damian Chmiel
How One Couple's Complaint Led to the Collapse of a $21M Criminal Crypto Empire
- The “mafia crypto bank” moved millions through underground banking channels, Europol confirmed.
- The two-year investigation resulted in multiple searches, seizures of luxury assets, and 17 arrests.
Thursday, 15/05/2025 | 05:57 GMT by
Damian Chmiel
These Investment Scammers Made €19M By Hitting Victims Three Times!
- First, they defrauded investors with bogus crypto investments, then they posed as collection agents, and finally as Europol officials.
- They stole the funds using AI-generated celebrity deepfakes.
Tuesday, 08/04/2025 | 06:38 GMT by
Damian Chmiel
Crypto Fraud Ecosystem Hits $12.4 Billion as AI, Pig Butchering Powers New Scams
- Cryptocurrency scam revenues are projected to hit an all-time high in 2024, according to a Chainalysis report.
- High-yield investment programs and pig butchering scams account for over 83% of all crypto fraud.
Monday, 17/02/2025 | 11:54 GMT by
Damian Chmiel
Beware of “Fake Investors”: AI Startup Founder Claims to Have Lost $50,000 to Scammers
- The AI startup founder was certain it was the $8 million investment offer until scammers siphoned $50,000 out of his crypto wallet.
- The scam operation was highly organized and involved a series of video calls with at least four scammers.
Tuesday, 03/12/2024 | 11:49 GMT by
Arnab Shome
SEC Hits “Pig Butchering” Scammers for the First Time: Busts Two “Fake” Crypto Platforms
- The regulator alleged that the scammers approached investors on social media and then pitched fake investments.
- The regulator charged five entities and three individuals in connection with two allegedly fraudulent schemes.
Thursday, 19/09/2024 | 10:49 GMT by
Arnab Shome
‘Want to Be My Valentine?’: CFTC Sounds Alarm on Romance Scams
- The regulator asked dating and messaging apps and social media users to be wary of any messages from strangers promoting crypto or FX.
- Scammers build an aura of relationships for weeks before pitching fraudulent schemes.
Thursday, 08/02/2024 | 08:30 GMT by
Arnab Shome
Exclusive: Scammers Impersonate Binance, but the Exchange Says There’s Nothing It Can Do
- Fraudsters are offering fake cash prizes in official SMS threads from the crypto exchange.
- Binance responds it "seems unrealistic" to eliminate this type of phishing attempt.
Monday, 15/01/2024 | 11:32 GMT by
Damian Chmiel
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