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 […]
The post Woman Who Allegedly Tried To Launder $6,500,000,000 in Bitcoin (BTC) on Trial in London: Report appeared first on The 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 […]
The post CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam appeared first on The 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 […]
The post $3,000,000,000 Worth of Crypto Stolen by North Korean Hackers in Six Years, Says Cybersecurity Firm appeared first on The Daily Hodl.
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 […]
The post FBI Takes Down $15,000,000 Unlicensed Crypto-to-Fiat Transmitting Operation in New York State: Report appeared first on The Daily Hodl.
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 […]
The post Criminal Actors Posing As NFT Developers in Crypto Phishing Scams, Warns FBI appeared first on The Daily Hodl.
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 […]
The post Republican Congressman Indicted for Role in ‘Nigerian Prince’ Fraudulent Crypto Scheme: The New York Times appeared first on The Daily Hodl.
A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the […]
The Federal Bureau of Investigation (FBI) says that the number of victims who fell to crypto investment scams reached record numbers in 2022. In a new report, the Bureau says that investment scams were the costliest schemes reported to the Internet Crime Complaint Center (IC3) last year. Losses sustained by investment scam victims rose from […]
The post FBI Says Crypto Scams Skyrocketed 183% in 2022, Causing $2,570,000,000 in Losses appeared first on The Daily Hodl.
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago […]
Crypto exchange Huobi is reportedly suing a former executive accused of raking in $5 million in Tether (USDT) by secretly trading against a company account under his control. The Financial Times reports Chen Boliang engaged in the illegal trading scheme between February and March 2020 while he was still a senior manager in Huobi’s institutional client’s […]
The post Executive From Crypto Exchange Huobi Accused of Netting $5,000,000 via Illicit Trading: Report appeared first on The Daily Hodl.
