A group of Vizagites, people hailing from the Indian city Visakhapatnam, has been duped by crypto fraudsters. They were contacted by criminals through social media, promising high returns – only to leave victims stranded later. Probe agency ED earlier busted a crypto scam worth ₹2,300 crore across Himachal and Punjab.
The United States Department of the Treasury is looking at artificial intelligence technology to help prevent cryptocurrency fraud in digital markets. The officials pointed to increasing financial losses due to cryptocurrency scams. The victims of cryptocurrency fraud reported financial losses of over nine billion dollars in cryptocurrency fraud in the
Minnesota lawmakers are advancing legislation that would prohibit cryptocurrency kiosks across the state. The proposal follows testimony from law enforcement officials who linked the machines to a surge in elder fraud cases. Representative Erin Koegel introduced House File 3642 earlier this week. The bill seeks to ban the placement and
Sam Bankman-Fried has filed a motion seeking a retrial in his ongoing fraud and bankruptcy case against him in a New York federal court. Bankman-Fried filed the motion on February 5, 2026, wherein it was claimed that the bankruptcy was filed improperly due to other lawyers’ intervention. In the motion
The incorporation of artificial intelligence in cryptocurrency scams increased significantly in 2025 by a staggering 500% relative to the previous period, based on the TRM Labs 2026 crypto crime report. Scammers used large language models and generative tools to intensify the outreach, develop believable personas, and perform scam operations across
The United States Treasury Department has sanctioned individuals and organizations that are associated with North Korean IT worker activities. These sanctions are against an advanced network that infiltrates American crypto firms with fraudulent employees to make money. This move by the Treasury is the most recent attempt to fight the
The U.S. Treasury just hit Funnull Technology Inc.—a Philippines-based tech company—with sanctions for allegedly helping run a massive crypto scam that affected victims out of roughly $200 million. The move comes as U.S. authorities crack down harder on how crypto tools are being used to fuel organized online fraud. How
