Browsing the "Fraud" Tag

bitcoin, post office

$200,000 in Bitcoin Seized in Dark Net Drug Probe

| Daniel Kuhn

In total, authorities seized 20 kilograms of MDMA, over seven kilograms of Ketamine, over 10,000 Xanax pills, and more than $100,000 in cash.

Firm That Saw Stock Boost After Crypto ‘Pivot’ Hit With New SEC Charges

| Nikhilesh De

The SEC filed fresh fraud charges against Longfin Corp. on Wednesday, alleging the company falsified its accounting. Longfin's stock price jumped…

Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud

| Yogita Khatri

A man has been arrested in the Netherlands for allegedly scamming investors out of over $2.2 million in a fake bitcoin mining scheme.

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

| Yogita Khatri

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

CabbageTech CEO Indicted in New York for Defrauding Crypto Investors

| Yogita Khatri

The owner of a firm called CabbageTech has been arrested and charged with duping investors out of over $200,000 in cryptocurrency and cash.

Coinbase’s Director of Data Science and Risk Leaves to ‘Build From Scratch’

| Anna Baydakova

Soups Ranjan, who worked at Coinbase since 2015 as director of data analysis and fraud prevention, has left the crypto exchange to start something…

FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

| Yogita Khatri

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.

Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator

| Yogita Khatri

Colorado's securities watchdog has issued four more cease-and-desist orders against suspect ICOs, taking its total since May to 18.

Russian ICO That Impersonated Bank Hit With Cease-and-Desist

| Yogita Khatri

North Dakota has issued a cease-and-desist against a Russia-based ICO for copying a bank's website to promote "potentially fraudulent securities."

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

| Yogita Khatri

A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.