A United Arab Emirates (UAE) crypto services firm will plead guilty to charges related to a wash trading scheme to lure investors into buying a token created by US law enforcement authorities. In a statement, the U.S. Attorney’s Office for the District of Massachusetts says crypto market maker CLS Global is facing charges following an […]
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The U.S. Department of Justice (DOJ) says it has nearly recovered all the losses suffered by tens of thousands of investors in the largest Ponzi scheme in history. In a press release, the DOJ says that throughout the course of a decade, it has disbursed more than $4.3 billion to 40,930 victims of a fraud […]
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The Federal Bureau of Investigation (FBI) has seized millions of dollars worth of crypto assets from entities in Southeast Asia that allegedly targeted US citizens. In a new announcement on the social media platform X, the FBI says that they’ve seized $6 million worth of digital assets from Southeast Asian scammers who prey on people […]
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A US judge this week ordered a convicted fraudster to pay a $5 million civil penalty and $31 million in restitution related to a massive crypto and forex scheme he orchestrated. New York resident William Koo Ichioka kicked off his scheme in 2018 and swindled tens of millions of dollars in investment funds from more […]
The post US Judge Orders Convicted Fraudster To Pay $36,000,000 in Connection to Crypto and Forex Schemes appeared first on The Daily Hodl.
Police in South Korea have captured a cryptocurrency scammer who reportedly defrauded millions of dollars from unsuspecting victims. According to the South Korean publication Newsis, the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit arrested and indicted the suspect, Mr. Kim, over fraud and various other charges. Per the report, Kim allegedly lured 158 victims […]
The post Crypto ‘Mastermind’ Allegedly Behind $3,360,000 Scheme Arrested in South Korea: Report appeared first on The Daily Hodl.
A South Korean CEO is reportedly facing fraud charges for allegedly orchestrating a massive $364.9 million Ethereum (ETH)-themed crypto scheme. According to iNews24, Byun Young-oh, the CEO of tech firm Wacon, was arrested for allegedly running a pyramid scheme disguised as a legitimate crypto investment opportunity. The CEO was arrested along with an alleged accomplice […]
The post Tech CEO Arrested for Alleged $364,915,550 Crypto-Themed Fraudulent Scheme: Report appeared first on The Daily Hodl.
New research from TRM Labs shows that Russian-speaking actors play the largest role in most crypto-related cybercrimes. According to a TRM Report, the crypto-enabled cybercrimes include darknet drug sales, illicit crypto exchange activity, and ransomware schemes. “Ransomware: Russian-speaking ransomware groups accounted for at least 69% of all crypto proceeds from ransomware in 2023, exceeding USD […]
The post ‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks appeared first on The Daily Hodl.
A man who operated a purported crypto asset recovery business has been arrested and is now facing criminal charges for allegedly defrauding dozens of people. In a statement, Manhattan District Attorney Alvin L. Bragg, Jr. says that Michael Lauchlan has been charged with stealing from customers of Coin Dispute Network (CDN), which claimed it can […]
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An official with the United States Department of the Treasury says rooting out illicit finance by players in the crypto industry calls for additional tools and resources. In his written testimony for a House Financial Services Committee hearing, Treasury Under Secretary for Terrorism and Financial Intelligence (TFI) Brian Nelson says published risk assessments of virtual […]
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South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have […]
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