Crypto Fraud
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UK to Recognise Crypto as Property After Lawmakers Approve Landmark Bill
The UK has passed the landmark Property (Digital Assets etc) Act 2025 that formally recognises crypto as property, giving courts stronger authority over asset recovery, fraud cases, and commercial disputes. Industry bodies, including Bitcoin Policy UK and CryptoUK, have welcomed the development, calling it a key milestone for regulated digital asse...
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US Judge Declares Mistrial In MIT Grad Brothers' $25 Million Crypto Fraud Case
James Peraire-Bueno, 29, and his brother Anton, 25, argued their actions were fair game in an unregulated market.
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Raids In Multi-Crore Tech Support Scam, Crypto Trail Worth Millions Uncovered
In a major crackdown on a global online fraud racket, the Enforcement Directorate (ED) today carried out search operations at 15 locations.
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Cryptocurrency Stolen In Online Fraud Recovered From Foreign Wallet In Telangana
The Telangana Cyber Security Bureau has successfully recovered a substantial amount of cryptocurrency stolen in an online fraud.
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Health Ministry Official Duped Of Rs 27 Lakh In Currency Trade Scam, Case Filed
An senior official of the Union Health Ministry was allegedly duped of Rs 27 lakhs under the pretext investing his money into the currency market, Delhi police officials informed on Wednesday.
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Disgraced Crypto Mogul Do Kwon Pleads Guilty To Fraud Over $40 Billion Terraform Collapse
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
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Bengaluru Techie Loses 55 Lakhs In Crypto Fraud On Matrimony Site
A 32-year-old IT professional from Ullal Upanagara in Bengaluru has filed a police complaint alleging he was cheated of over Rs 55 lakh by fraudsters.
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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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Luxembourg Labels Crypto Firms as High-Risk Entities for Money Laundering
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
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Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
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Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
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US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
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Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
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Billionaire Who Invested In Trump's Crypto Exempted From Civil Fraud Charges
Justin Sun, the founder of Tron and advisor to Donald Trump’s cryptocurrency venture, recently sought a pause in a civil fraud case with the SEC to explore a potential resolution.
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ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
-
UK to Recognise Crypto as Property After Lawmakers Approve Landmark Bill
The UK has passed the landmark Property (Digital Assets etc) Act 2025 that formally recognises crypto as property, giving courts stronger authority over asset recovery, fraud cases, and commercial disputes. Industry bodies, including Bitcoin Policy UK and CryptoUK, have welcomed the development, calling it a key milestone for regulated digital asse...
-
US Judge Declares Mistrial In MIT Grad Brothers' $25 Million Crypto Fraud Case
James Peraire-Bueno, 29, and his brother Anton, 25, argued their actions were fair game in an unregulated market.
-
Raids In Multi-Crore Tech Support Scam, Crypto Trail Worth Millions Uncovered
In a major crackdown on a global online fraud racket, the Enforcement Directorate (ED) today carried out search operations at 15 locations.
-
Cryptocurrency Stolen In Online Fraud Recovered From Foreign Wallet In Telangana
The Telangana Cyber Security Bureau has successfully recovered a substantial amount of cryptocurrency stolen in an online fraud.
-
Health Ministry Official Duped Of Rs 27 Lakh In Currency Trade Scam, Case Filed
An senior official of the Union Health Ministry was allegedly duped of Rs 27 lakhs under the pretext investing his money into the currency market, Delhi police officials informed on Wednesday.
-
Disgraced Crypto Mogul Do Kwon Pleads Guilty To Fraud Over $40 Billion Terraform Collapse
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
-
Bengaluru Techie Loses 55 Lakhs In Crypto Fraud On Matrimony Site
A 32-year-old IT professional from Ullal Upanagara in Bengaluru has filed a police complaint alleging he was cheated of over Rs 55 lakh by fraudsters.
-
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.
-
Luxembourg Labels Crypto Firms as High-Risk Entities for Money Laundering
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
-
Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
-
Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
-
US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
-
Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
-
Billionaire Who Invested In Trump's Crypto Exempted From Civil Fraud Charges
Justin Sun, the founder of Tron and advisor to Donald Trump’s cryptocurrency venture, recently sought a pause in a civil fraud case with the SEC to explore a potential resolution.
-
ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
