News with the tag "crypto schemes"

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 ...

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 ...