The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a
Category: Crypto Fraud
Aussie competition watchdog investigating Meta over crypto scam adsAussie competition watchdog investigating Meta over crypto scam ads
Australia’s consumer and competition (ACCC) watchdog is investigating Facebook’s parent company Meta for a long running series of fraudulent cryptocurrency advertisements of the platform. The news comes just a day
Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment SchemeJapanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme
Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from
US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of InvestorsUS Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more
Sen. Warren queries SEC chair on lack of crypto investor protectionSen. Warren queries SEC chair on lack of crypto investor protection
The former presidential candidate has written to the SEC chairman for answers about plans for crypto consumer protection protocols in the United States.
Korean investigation finds $1.48B in illegal overseas crypto transactionsKorean investigation finds $1.48B in illegal overseas crypto transactions
More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions.
Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTCBrazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC
The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack.
With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of financeWith US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance
A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators.
Bank TSB set to bar 5.4M customers from buying cryptoBank TSB set to bar 5.4M customers from buying crypto
Bank TSB is set to become the latest financial institution in the United Kingdom to prevent customers from investing in crypto.
China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal ProceedsChina Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds
Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money