News list for " Fraud"
According to the official blog, Binance released the year-end report of the 2024 Anti-Fraud Refund Program, saying that a total of $9.10 million was recovered; 30,000 calls were made to contact potential victims; total losses prevented exceeded $129 million; 47,000 malicious addresses were blacklisted; and more than 15,000 alerts were sent to users every day.
Richard Shueler, founder of Hex, Pulsechain and Pulsex, is on the European Union Agency for Law Enforcement Cooperation Finland wanted list for fraud. He allegedly failed to file corporate tax returns and provide income information. In addition, he faces charges of assault of a minor.
According to Forbes, former cryptocurrency billionaire SBF, who is currently serving a 25-year sentence for fraud at the Metropolitan Detention Center (MDC) in Brooklyn, has begun writing his memoir. Forbes saw some of these chapters ahead of time, perhaps because SBF had not yet fully adapted to his new reality, writing in a style like Jane Goodall's account of life with chimpanzees or Victorian ethnologists.
On the evening of December 6, 2024, Xiangcai shares announced that the Kunming Intermediate Court recently made a first-instance judgment that in two civil cases in which Yunnan Trust was the plaintiff, Xiangcai Securities was required to bear 56% of the debt of Luo Jing's Zhongcheng Company of about 340 million yuan. This means that the court for the first time found that Xiangcai Securities was at fault in Luo Jing's fraud case. The reporter obtained a number of allegedly Xiangcai Securities r...
A year after FTX founder SBF was convicted of fraud, U.S. prosecutors filed a lawsuit in a New York court on Tuesday seeking to confiscate SBF's cryptocurrency. Its cryptocurrency, held in an account containing Solana and Ripple, was valued at $8.60 million as of December 12, 2023. It has appreciated to $18.50 million in the past 11 months, mainly due to the sharp increase in the price of Solana.
The Hong Kong police yesterday announced the number and trend of online investment fraud cases. In the first nine months of this year, a total of 3,468 cases were received, with a total loss of about HK $2.20 billion. Although it was down from the same period last year, the number of cases in October this year rose by 24% compared with September, indicating a recovery trend. Nearly 40% of the cases involved financial investment products, and 35% involved virtual assets. Among them, the largest s...
1. "Ding Yifeng" issued "DDO digital options" suspected of fund-raising fraud, Sui Mouyi and others have been taken criminal coercive measures. 2. The monthly output of bitcoin miners Marathon and Riot hit the highest level since it was halved. 3. On November 5, the US Bitcoin ETF saw a net outflow of 5,500 BTC, and the Ethereum ETF saw a net outflow of 13,269 ETH. 4. Bloomberg ETF analyst: BTC's sudden rise may be one of the reactions to the US presidential election. 5. Trump's election may det...
In a major fraud trial in Nancy, France, more than 20 defendants are accused of defrauding 1,300 victims through a fake cryptocurrency and diamond investment scheme. The scam stole a total of 28 million euros (about $30 million). Investigators revealed that "the defendants opened 19 bank accounts in 199 countries to transfer funds. About 2.80 million euros have been recovered and can be used to compensate victims."
The reporter learned that recently, some people reported that some criminals issued false announcements in the name of the Digital Currency Research Institute of the People's Bank of China, claiming that "with the joint approval of the Ministry of Finance and the State Data Administration, the digital RMB platform will issue digital asset dividends for users who have received exclusive withdrawal channels" "will open the second batch of asset registration review and the subscription of green cha...
On October 7, a crypto wallet fraud tool targeting the TON network announced that it would stop serving and direct users to another cryptocurrency fraud tool. Web3 security agency Scam Sniffer has shared a screenshot showing a TON-based crypto wallet fraud tool posting a shutdown announcement. The wallet fraud tool claims that the lack of "big players" or "whales" in the TON community is bad for its business. The hackers wrote: "Since there are no whales in TON...
Last year, the virtual asset trading platform JPEX was suspected of operating without a license and was suspected of fraud, causing a large number of investors to suffer losses. Two investors claimed to believe that JPEX was licensed and trusted before opening an account to invest in Thai coins. The two later found that the assets in the account were transferred without authorization. They had earlier filed a complaint with the district court to recover 2...
Scam Sniffer posted a reminder on the X platform that fraudsters are abusing Eventbrite to send 1inch airdrop phishing emails, so be vigilant.
India's Madras High Court has ruled that police cannot freeze entire bank accounts in fraud investigations, only the amount of money in them linked to fraud. The ruling follows a case in which accounts were frozen in connection with a cryptocurrency investigation. Judge G. Jayachandran stressed that freezing entire accounts deprives individuals of their livelihood and financial stability. He noted that account holders often do not know why their accounts are frozen, and when they find out, they ...
SBF, the founder of crypto trading platform FTX, has formally appealed against his fraud charges for a new trial, accusing the judge hearing his case of being unfairly biased against him. Last November, a New York jury convicted SBF of seven counts of fraud and conspiracy related to the November 2022 collapse of its cryptocurrency trading platform. In March, U.S. District Judge Lewis Kaplan for the Southern District of New York (SDNY) sentenced SBF to 25 years in prison for the crime, and has no...
Eight South Korean members of a Chinese phone scam gang have been arrested for helping to convert the proceeds of crime into cryptocurrency. Police said the gang used fake bank accounts to launder money, converting 280 million won (about $208,000) from six victims into cryptocurrency and passing it on to the Chinese group for a 10% to 40% handling fee. It is reported that in order to avoid police investigation, the members of the group only contacted through Telegram.
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