News with the tag "crypto scheme"

The CEO of K-pop giant Cube Entertainment is under fire after being accused of participating in a crypto investment scam. He is suspected of allegedly using the entertainment company to inflate the price of the alleged scam token and now risks legal action. K-Pop Powerhouse CEO Under Fire On Thursda...

Two California men, Gabriel Hay and Gavin Mayo, have been indicted for reportedly defrauding investors in several NFT rug pull schemes that saw $22 million drained from victims, December 20 Los Angeles court documents reveal. Gabriel Hay, Gavin Mayo Arrested For NFT Rug Pull Schemes According to a F...

Police officers in Scottsdale, Arizona reportedly arrested a fake Uber driver who allegedly stole crypto from his passengers. According to NBC News, the Scottsdale Police Department said that Nuruhussein Hussein was apprehended on Wednesday and charged with two counts of money laundering, two counts...

A recent Chainalysis report revealed that crypto scammers have updated their scheme tactics on- and off-chain in 2024. Criminals have leaned toward short-term, more lucrative scrams targeting smaller entities and specific individuals, significantly reducing scams’ average lifespan by over 50% since ...

Chinese authorities revealed they extradited the suspect of a “mega economic crime” with the help of Thai law enforcement. The man is alleged to be the mastermind behind a $14 billion pyramid scheme involving cryptocurrencies, which makes his extradition the first related to economic crimes between ...

Montenegrin police arrested FutureNet co-founder Roman Ziemian, alleging he was living under a false identity in the country’s capital city.

Guo Wengui, a Chinese billionaire linked to Donald Trump’s former Senior Counselor, was found guilty of several charges, including racketeering conspiracy and wire fraud. The self-exiled businessman, who is known as a vocal critic of the Chinese Communist Party (CCP), is set to be sentenced to decad...

Two executives of financial technology company Hydrogen Technology received a prison term for their role in inflating the firm’s cryptocurrency, HYDRO. In a statement, the U.S. Department of Justice (DOJ) says that Hydrogen Technology co-founder and CEO Michael Kane of Miami Beach, Florida and Head ...

The United States Attorney for the Southern District of New York announced the indictment of three UK nationals for the $3 million ‘Evolved Apes’ NFT (non-fungible tokens) scam. The suspects face charges of wire fraud and money laundering. Related Reading: Worldcoin Survey Reveals Nearly 90% Of Span...

Ruja Ignatova disappeared seven years ago after a warrant from US authorities was issued to arrest her. The self-proclaimed “Crypto Queen” was responsible for OneCoin’s Ponzi scheme that took $4.5 billion from investors. Now, a BBC investigation suspects that the missing crypto scammer could have be...