Spanish police have arrested five people in connection with a "crypto investment fraud ring" that laundered almost $540 million (€460 million) in illicit profits from more than 5,000 victims.It followed…
A man at the center of a massive crypto Ponzi scheme will spend nearly eight years behind bars after a federal judge handed down a 97-month prison sentence in Brooklyn…
Leaders Roundtable: Trading Industry in Motion | FMAS:25
Leaders Roundtable: Trading Industry in Motion | FMAS:25
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Financial institutions are under siege as artificial
intelligence fuels a new wave of fraud. A recent report by identity
verification firm Veriff reveals a troubling surge in online ID scams—one in
every 20…
Share sales fraud in Australia has jumped sevenfold in the last four years, prompting the country’s watchdog to issue guidance on how all regulated brokerages and trading platforms can reduce…
Key Points:The U.S. DOJ seeks to seize over $225.3 million in cryptocurrency connected to fraud.Secret Service’s largest recorded cryptocurrency recovery operation.Increased DOJ efforts highlight enforcement in blockchain money laundering cases.
BlockBeats…
In brief
AI deepfakes of celebrities, government officials, and more accounted for 40% of "high-value" crypto fraud in 2024, a Bitget report claimed.
Crypto scam losses reached $4.6 billion in 2024, representing…
Peter Schiff is back on social media, criticizing Michael Saylor's Bitcoin strategy again. This time, the infamous expert called it a "complete fraud" that he thinks will ultimately lead to…
In brief
Thai police arrested Chinese national Tianwei at Don Mueang Airport on June 12 for allegedly stealing $6.15 million in Bitcoin.
The arrest followed an April complaint and a May 16…
In brief
Six professional footballers, including World Cup winners, are under investigation for allegedly promoting a crypto project that defrauded investors of at least $3.4 million.
Spanish prosecutors allege the Shirtum platform…