News with the tag "Bitcoin scam"

India’s Central Bureau of Investigation (CBI) is conducting raids across the seventh-largest country in the world in connection to the infamous GainBitcoin scam from 2015. On Tuesday, 25 February, the bureau announced that it began the raids at more than 60 locations in the nation’s major cities. Th...

Crypto scammers are becoming more creative in their attempts to swindle and fool unsuspecting investors and individuals. Even more alarming is that these scammers don’t fit a specific profile or background. That’s precisely what happened to Ministerio Apostólico Profético Tiempos de Poder parishione...

The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years in federal prison for operating a fraudulent crypto investment scheme. The fraud, which spanned over a year, defrauded multiple investors of more than $350,000. The sentenci...

A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed the victim had missed jury duty. The scammer also attempted to steal another $4,000 in bitcoin but was stopped by county deputies. The incident, which occurred Oct. 27, is the latest in a series of phone scams targ...

A former California attorney, named David Kagel aged 86 years old, has been sentenced to five years of probation and ordered to pay almost $14 million in restitution due to his involvement in a crypto Ponzi scheme that fetched millions of dollars of ill-gotten funds. Kagel, who pled guilty to conspi...

David Kagel has been sentenced to five years of probation and ordered to pay nearly $14 million in restitution after admitting to his role in a multi-million-dollar crypto Ponzi scheme. The post 86-Year-Old Ex-Attorney Hit with $14M Restitution, Five Years Probation in Crypto Ponzi Case appeared fir...

Prosecutors only sought a five-year probation sentence for crypto schemer David Kagel because of his age and ailing health.

Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”

The Department of Homeland Security (DHS) has disrupted hundreds of crypto scam incidents, reclaiming billions in extorted cryptocurrency since 2021. The post DHS Investigators Prevent Hundreds of Ransomware Attacks, Seize Billions Since 2021 appeared first on Cryptonews .

Cybersecurity researchers are using automated email replies to compromise systems and deliver stealthy crypto mining malware. The post Hackers Exploit Automated Email Replies to Deploy Stealthy Crypto Mining Malware appeared first on Cryptonews .