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Scams, Schemes and Hacks

Crypto Fraudsters Who Raised $24,000,000 for Fictitious Bitcoin-Mining Facility Face 5 Years in Jail for Tax Evasion

Two founders of a cryptocurrency firm that defrauded investors are facing up to half a decade in prison for tax…

October 20, 2021

Cyber Security Firm Warns of New Scam Emerging on Apple’s App Store, Says Victims Losing Millions

Cyber security company Sophos says that iPhone users should be on the lookout for a new type of crypto scam…

October 19, 2021

$5,200,000,000 Worth of Bitcoin Potentially Linked to Ransomware Payments in First Half of 2021: FinCEN

The Financial Crimes Enforcement Network (FinCEN) says that over $5 billion worth of Bitcoin (BTC) could have been used to…

October 18, 2021

Three Arrested, Digital Assets and Luxury Items Seized in Alleged Fraudulent Scheme Involving Crypto

An investigation by Belgian authorities into an organization suspected of engaging in crypto fraud has led to the arrest of…

October 14, 2021

Scammers Pay Six Figures for Misspelled Crypto Website Domains Hoping To Dupe Victims: Report

Fraudsters are reportedly forking out hundreds of thousands of dollars to purchase mistyped website addresses related to cryptocurrency businesses in…

October 12, 2021

US Navy Engineer Allegedly Attempts To Sell Military Secrets for Monero

A US Navy nuclear engineer and his wife have been arrested by authorities for allegedly attempting to sell confidential military…

October 11, 2021

Former Tech Mogul and 25 Others Arrested in Alleged Massive Trading Scheme Involving Crypto: Report

A joint operation by Israeli police and the Federal Bureau of Investigation (FBI) has led to the arrest of a…

October 10, 2021

Department of Justice Creates New ‘National Cryptocurrency Enforcement Team’

The U.S. Department of Justice (DOJ) is creating a new team to go after criminal activity within the digital asset…

October 7, 2021

Police Seize $1.3 Million in Crypto From ‘Prolific’ Ransomware Gang That Attacked US Energy Companies

Two people have been arrested and $1.3 million in digital assets seized after a police raid in Ukraine targeting a…

October 5, 2021

President Biden Is Building a Coalition of 30 Countries To Address Cyber Crime, Including Illicit Use of Cryptocurrencies

President Joe Biden says the United States is creating a union of nations to combat digital crimes, including the malicious…

October 3, 2021