Crystal Intelligence acquires Scam Alert, aims to protect crypto users from fraud
Crystal buys Scam Alert to fight crypto scams. Uses AI to track fraud and help victims. Backed by Tether, Polygon, and Ethereum Foundation. As crypto fraud reaches alarming new heights, blockchain analytics firm Crystal Intelligence has taken a bold step to curb the menace. At Token2049 Dubai, the company announced its acquisition of Scam Alert, […]
Gotbit founder extradited to the US to face market manipulation charges
Gotbit founder and CEO Aleksei Andriunin was extradited to the US on Feb. 25, the US Attorney’s Office, District of Massachusetts said. The 26-year old Russian national was arrested in October 2024 over allegations of market manipulation and fraud. Aleksei Andriunin, the founder and CEO Gotbit, has been extradited to the US where he faces […]
Safemoon CTO pleads guilty in $200m crypto fraud case
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas Smith, the chief technology officer of SafeMoon LLC, has pleaded guilty to two charges of securities fraud conspiracy and wire fraud conspiracy. Smith pleaded guilty […]
Safemoon CTO pleads guilty in $200m crypto fraud case
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas Smith, the chief technology officer of SafeMoon LLC, has pleaded guilty to two charges of securities fraud conspiracy and wire fraud conspiracy. Smith pleaded guilty […]
AI-powered romance scams: The new frontier in crypto fraud
AI-powered romance scams leverage chatbots and deepfakes to deceive crypto users, posing new challenges in fraud prevention.This post was originally published on this site
California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam
California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.This post was originally published on this site
Scammed: Korean Police Bust $232M Fraudulent Crypto Scheme, Youtube Star at Center
South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by […]
Jailed crypto scammers blew stolen funds on shark tank, hookers: Report
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.This post was originally published on this site
Jailed crypto scammers blew stolen funds on shark tank, hookers: Report
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.This post was originally published on this site
South African Bank Blocks Crypto Payments, Faces Industry Backlash
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked […]