News with the tag "Crypto Fraud"

Two former top executives of the now-defunct crypto lending firm Cred have pleaded guilty to wire fraud charges in connection with the company’s 2020 bankruptcy that left customers with millions in losses. Former CEO Daniel Schatt and former CFO Joseph Podulka admitted to the charges as part of a pl...

A US citizen from Springfield, Virginia has been sentenced to over three decades in federal prison after being convicted of using cryptocurrency to financially support the Islamic State (ISIS), a group designated as a foreign terrorist organization by the US government. According to a press release ...

According to Bitrace’s 2025 Crypto Crime Report, crypto-related fraud increased sharply in 2024. High-risk Ethereum (ETH) and Tron network blockchain addresses received over $278 billion in digital assets. These addresses are often connected to fraud or illegal activities and are used more to transf...

The world of cryptocurrency has seen its share of dramatic rises and falls, but few stories are as impactful as that of Celsius Network and its founder, Alex Mashinsky . Once a titan in the crypto lending space, Mashinsky now faces the severe possibility of spending two decades in prison. This devel...

The world of cryptocurrencies, while offering exciting opportunities, also unfortunately attracts malicious actors. A recent case in the legal system of South Korea serves as a stark reminder of the severe consequences faced by those who exploit public trust through deceptive schemes. This particula...

Hugh Austin, a crypto fraudster behind a crypto scam who allegedly involved his own son in a $12 million laundering scheme, has been sentenced to nearly two decades in prison for orchestrating the affair. $12 Million In Investor Funds Drained In Scheme According to an April 23 press release from the...

Gotbit founder Aleksei Andriunin, currently facing crypto market manipulation and wire fraud, has reached a plea deal with the US federal prosecutors, agreeing to forfeit about $23 million in crypto. Prosecutors had initially stated that Andriunin could face a maximum sentence of 20 years in prison ...

Singapore’s Minister of State for Home Affairs, Sun Xueling, has strongly warned against crypto investments, citing the growing number of fraud cases linked to digital assets. During a parliamentary debate on the Ministry of Home Affairs’ budget on March 4, she emphasized that cryptocurrency’s anony...

Disclaimer: The information in this article was translated using artificial intelligence from a foreign source. Have you committed crypto fraud? Now, in addition to fines and jail time, authorities can also subject you to caning—at least, that's what's being reportedly considered in Singapore. Crypt...

A former girlfriend of a cryptocurrency fraudster, known in the industry as “The Godfather,” has admitted to a federal tax charge stemming from her involvement in his illicit activities. Iris Ramaya Au, 35, is accused of failing to report more than $2.6 million in earnings obtained through her forme...