schemes

Government Needs ‘Additional Tools and Resources’ To Crack Down on Crypto, Says Treasury Official

February 15, 2024 The Daily Hodl

crypto

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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Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

February 8, 2024 The Daily Hodl

bitsonic

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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DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns

January 31, 2024 The Daily Hodl

crypto

The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam Lee allegedly co-founded “HyperFund,” an online investment platform that falsely claimed investors who purchased “memberships” would receive between 0.5% to 1% daily in […]

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Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

January 31, 2024 The Daily Hodl

crypto

Misleading comments that link to crypto phishing scams are plaguing the social media platform X, according to the blockchain security firm SlowMist. In a new analysis, SlowMist notes that phishing scams represent around 80% of comments on tweets from famous crypto projects. The scammers employ a high level of automation, according to the security firm. […]

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Woman Who Allegedly Tried To Launder $6,500,000,000 in Bitcoin (BTC) on Trial in London: Report

January 30, 2024 The Daily Hodl

Bitcoin

A Chinese national is reportedly being put on trial in the UK over an alleged $6.5 billion fraud involving Bitcoin (BTC). According to a new Reuters report, the accused converted BTC into cash and property in an attempt to launder money from a scheme that took place in China. A woman, identified in the report as […]

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CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

January 21, 2024 The Daily Hodl

Daily Hodl

The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain […]

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$3,000,000,000 Worth of Crypto Stolen by North Korean Hackers in Six Years, Says Cybersecurity Firm

December 4, 2023 The Daily Hodl

Daily Hodl

North Korea has greatly increased its focus on the crypto industry since 2017, stealing over $3 billion in digital assets, according to cybersecurity firm Recorded Future. The firm says that the North Korean regime has a “highly trained cadre of computer science professionals” with privileged access to new technology and information. State-backing allows the country’s […]

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FBI Takes Down $15,000,000 Unlicensed Crypto-to-Fiat Transmitting Operation in New York State: Report

October 22, 2023 The Daily Hodl

Bitcoin

The Federal Bureau of Investigation (FBI) has reportedly busted a group of Indian nationals who allegedly operated an unlicensed business converting cryptocurrency to cash for clients seeking anonymity. The Westfair Business Journal reports that five of the six suspects were arrested on October 17th and charged with operating an unlicensed money-transmitting business. Indian citizens Raju […]

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Criminal Actors Posing As NFT Developers in Crypto Phishing Scams, Warns FBI

August 7, 2023 The Daily Hodl

crypto

The Federal Bureau of Investigation (FBI) is issuing a warning to investors saying that criminals are posing as developers of non-fungible token (NFT) projects in crypto phishing scams. In a new public service announcement, the FBI says that bad actors are depicting themselves as legitimate NFT developers to run fraud schemes on social media. According […]

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Republican Congressman Indicted for Role in ‘Nigerian Prince’ Fraudulent Crypto Scheme: The New York Times

July 28, 2023 The Daily Hodl

Congressman

A Republican Congressman has reportedly been indicted for his alleged role in a fraudulent “Nigerian Prince” crypto scam. According to a new report by The New York Times, George Santos, a U.S. Representative of New York, has been charged for allegedly perpetrating a scheme that resembles the classic Nigerian Prince email fraud. The report says […]

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