The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
The European Union criminal justice agency Eurojust engaged with Albanian and Italian law enforcement authorities to prevent online cryptocurrency investment scams. Also, the government reported that investment fraud was carried out by criminal organizations based in these countries. Law enforcement officials have shuttered a website scam advertising phony cryptocurrency investment
On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder
Ankr, the blockchain-based decentralized finance (DeFi) protocol, has revealed that the platform has been targeted by a massive multi-million dollar exploit on Thursday. According to a recent tweet from Ankr, its “aBNB token has been exploited” and the platform is currently working with various exchanges to quickly suspend trade of
In a sophisticated pyramid scam, the scam caused participants to lose billions. The US government filed charges against Satish and his confederates in September 2021. BitConnect was launched in 2016 and was hailed as a major game-changer. As a result of its popularity among eager investors seeking huge profits in
Police in Victoria will be able to recover cryptocurrencies from criminals. New rules will give Victorian police greater power to identify cyber scammers. As per the reports, the Victorian Police in Australia will shortly receive the power to seize cryptocurrency wallets and digital assets from cyber criminals, under the newly
zfxtrade.com is accused of using the FCA-authorized firm’s legitimate details. As per FCA, the website defrauds people in the United Kingdom. On Monday, the UK’s Financial Conduct Authority (FCA) released a cautionary notice about a clone firm for impersonating the financial trading platform, Zenfinex Group. The authority claims that the
The coins were not secured by gold or even other valuable assets as claimed. CFTC also brought allegations against Crater and My Big Coin in 2018. It was stated on Thursday that My Big Coin Pay Inc. founder Randall Crater had been found guilty of crypto fraud by the United
Last year, the scammers demanded $15 million in Bitcoin from Graff Diamonds. The jewelry had paid $7.5 million in Bitcoin to the Conti ransomware group. As per the reports from a London lawsuit, Graff Diamonds, a British luxury jewelry firm, has paid $7.5 million in Bitcoin to a group of
Hacking official accounts of prominent organizations or personalities is not a new way of scamming people across the globe. Twitter, Facebook, and YouTube accounts of the British Army were all compromised for almost four hours on Sunday by hackers advertising fake non-fungible token (NFT) collections and cryptocurrency scams. United Kingdom’s
