Fraud
Trump to throw spotlight on overseas crypto abuses at White House event
The president is hosting a cybercrime event that will highlight U.S. authorities' efforts to crack down on crypto scams run by foreign criminal organizations.
Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.
Self-styled 'Godfather' gets 6 years in prison for $37 million Meta fraud scheme
Adam Iza’s sentence runs concurrently with a 15-year term imposed last month for his role in an attempted bitcoin robbery.
Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme
The fraudster managed to scam about 100 people across the United States, convincing them of transferring funds to him, claiming their accounts had been hacked.
Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme
Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million.
Crypto platform operator gets 15-year prison sentence in South Korea due to $50 million scam
A South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100 customers.
Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
The businessman known as Miles Guo, who pushed the fraudulent H-Coin project and had close ties to Steve Bannon, was finally sentenced after his 2024 conviction.
Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator
Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.
U.S. House bill would erect crypto-theft task force across law enforcement agencies
New legislation from a bipartisan duo would set up a multi-agency group under the U.S. attorney general to take a lead on cryptocurrency theft cases.
Google engineer busted for insider trading on Polymarket
A Google security engineer was arrested for allegedly using the company's internal search data to place winning bets on Polymarket prediction markets. Michele Spagnuolo transferred $3.8 million in USDC and personally cleared about $1.2 million before attempting to conceal the funds through a privacy mixer. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
