Fraud
Chinese Woman Convicted in UK for Leading $6.9B Bitcoin Scam
Qian defrauded more than 128,000 victims in China between 2014 and 2017, subsequently storing her spoils in BTC and fleeing to the U.K
OmegaPro Founder and Co-Conspirator Charged by U.S. DOJ in $650M Ponzi Scheme
Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of the U.S.
U.S. Secret Service Quietly Becomes a Leading Crypto Cop as Digital Fraud Soars: Bloomberg
Industry partners like Coinbase and Tether have assisted in large-scale recoveries, including $225 million in USDT tied to romance-investment scams
Spanish Police Arrest 5 in Suspected $540M Crypto Fraud Operation
The investigation was supported by Europol, as well as police forces from Estonia, France and the U.S.
Australia Cracks Down on Crypto ATM Providers as Scammers Target the Elderly
Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50.
Vietnamese Woman Arrested in Thailand Over Alleged $300M Crypto Scam
Ngo Thi Theu was allegedly a key figure in a network that involved 35 officials and over 1,000 employees working across 44 call centres in Vietnam.
Binance's Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case
Smerkis worked for Binance from 2022 for just under two years.
Controversial Australian Olympic Breakdancer Raygun's Brother Charged for Crypto-Linked Fraud
Brendan Gunn is the director of an Australian firm that facilitates investment in crypto and other overseas investments.
Illicit Crypto Volume in 2024 Hit a Record $40B in 2024: Chainalysis
Criminals are no longer using BTC, but instead choosing stablecoins, the report revealed.
