Ukrainian police took down a crypto scam that stole up to $1 million a month
Investigators have identified 62 victims and say more than 46 Ukrainians took part in the alleged operation.
scam
US, UK Launch Joint Crypto Scam Center Alliance
The United States and United Kingdom have formed a joint law enforcement alliance targeting scam centers involved in crypto and cyber-enabled investment fraud. On Thursday, the US Department of Justice announced that the US Attorney’s Office for the District of Columbia, the Crown Prosecution Service… Read More
Elon Musk’s X to deploy scam kill switch by auto-locking first-time crypto mentioners
Social media platform X is preparing a new security measure aimed at shutting down a widespread form of crypto phishing that leverages hijacked accounts to promote scam tokens. The company will soon auto-lock any account that mentions cryptocurrency for the first time in its history,… Read More
Fugitive Daren Li sentenced to 20 years in the U.S. for $73M international crypto scam
A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis to 20 years in prison for his role in a $73 million international crypto scam. Daren Li, who is a fugitive after removing an ankle electronic monitoring… Read More