Crypto Currency Fraud
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Probe Agency Raids In Gujarat, Maharashtra In Rs 100 Crore Fraud Case
The Enforcement Directorate raids in Surat and Ahmedabad in Gujarat and in Mumbai in Rs 100 crore cyber fraud case. Accused was involved in fake USDT trading (crypto currency), digital arrests, threatening innocent individuals.
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Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
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Enforcement Directorate Probing Several Cryptocurrency, Digital Currency Fraud Cases: MoS Finance
The Enforcement Directorate (ED) has has attached, seized, or frozen proceeds of crime amounting to Rs 936.89 crore as on January 31, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. The minister also said the ED is probing several cryptocurrency and digital fraud cases in the country, while some cr...
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Crypto Founder Do Kwon Indicted In US Following Montenegro Arrest
Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.
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Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
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Gaming App Fraud: Man Who Parked Funds As Crypto Arrested In Kolkata
Fund "illegally earned" through the gaming app were sent to overseas locations using crypto currency exchange, says central agency
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Delhi Woman Cheats Person Of Rs 7 Lakh In Cryptocurrency Fraud, Arrested
The police in Maharashtra's Thane city have arrested a 31-year-old woman from Delhi for allegedly cheating a person of more than Rs 7 lakh in crypto currency fraud, an official said on Friday.
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FTC Reports Over 46,000 People Lost More Than $1 Billion in Cryptocurrency Scams Since 2021
A Federal Trade Commission (FTC) report has revealed that more than 46,000 people have lost over $1 billion in cryptocurrency scams since the start of 2021. Most of the people losing digital currencies in a scam said it started with an ad, post or a message on a social media platform.
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New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
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Stripe Banks on Security Features for Crypto Businesses as Platform Refreshes Services List
The Stripe online payment platform is allowing crypto exchanges and NFT marketplaces to convert crypto assets into fiat currencies. To lure more crypto businesses as customers, Stripe is relying its crypto security features like fraud prevention.
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Cryptocurrency Fraudster Gets Prison Sentence From US Court for Duping Investors of Over $90 Million
Crypto investments are soaring around the world, and so are related scams. A US court has released a strict verdict against a crypto scammer, who was duping off unsuspecting and innocent investors off of their hard earned money.
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Amid COVID-19 Pandemic, Crypto Crime Surges in First 5 Months: CipherTrace
Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.
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Delhi Man Duped People With Fake Crypto-Currency, Organised Lavish Seminars Across Country, Arrested
A 32-year-old man, who allegedly duped people by luring them into investing in a newly-launched crypto-currency, "Kashhcoin", was arrested by Delhi Police's Crime Branch, police said today.
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Probe Agency Raids In Gujarat, Maharashtra In Rs 100 Crore Fraud Case
The Enforcement Directorate raids in Surat and Ahmedabad in Gujarat and in Mumbai in Rs 100 crore cyber fraud case. Accused was involved in fake USDT trading (crypto currency), digital arrests, threatening innocent individuals.
-
Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
-
Enforcement Directorate Probing Several Cryptocurrency, Digital Currency Fraud Cases: MoS Finance
The Enforcement Directorate (ED) has has attached, seized, or frozen proceeds of crime amounting to Rs 936.89 crore as on January 31, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. The minister also said the ED is probing several cryptocurrency and digital fraud cases in the country, while some cr...
-
Crypto Founder Do Kwon Indicted In US Following Montenegro Arrest
Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.
-
Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
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Gaming App Fraud: Man Who Parked Funds As Crypto Arrested In Kolkata
Fund "illegally earned" through the gaming app were sent to overseas locations using crypto currency exchange, says central agency
-
Delhi Woman Cheats Person Of Rs 7 Lakh In Cryptocurrency Fraud, Arrested
The police in Maharashtra's Thane city have arrested a 31-year-old woman from Delhi for allegedly cheating a person of more than Rs 7 lakh in crypto currency fraud, an official said on Friday.
-
FTC Reports Over 46,000 People Lost More Than $1 Billion in Cryptocurrency Scams Since 2021
A Federal Trade Commission (FTC) report has revealed that more than 46,000 people have lost over $1 billion in cryptocurrency scams since the start of 2021. Most of the people losing digital currencies in a scam said it started with an ad, post or a message on a social media platform.
-
New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
-
Stripe Banks on Security Features for Crypto Businesses as Platform Refreshes Services List
The Stripe online payment platform is allowing crypto exchanges and NFT marketplaces to convert crypto assets into fiat currencies. To lure more crypto businesses as customers, Stripe is relying its crypto security features like fraud prevention.
-
Cryptocurrency Fraudster Gets Prison Sentence From US Court for Duping Investors of Over $90 Million
Crypto investments are soaring around the world, and so are related scams. A US court has released a strict verdict against a crypto scammer, who was duping off unsuspecting and innocent investors off of their hard earned money.
-
Amid COVID-19 Pandemic, Crypto Crime Surges in First 5 Months: CipherTrace
Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.
-
Delhi Man Duped People With Fake Crypto-Currency, Organised Lavish Seminars Across Country, Arrested
A 32-year-old man, who allegedly duped people by luring them into investing in a newly-launched crypto-currency, "Kashhcoin", was arrested by Delhi Police's Crime Branch, police said today.
