scam Archives

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15 May, 2024

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill

The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing...

Who does more jail time: Sam Bankman-Fried or Mexican cartel’s BTC launderer?

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8 March, 2024

Who does more jail time: Sam Bankman-Fried or Mexican cartel’s BTC launderer?

Both Sam Bankman-Fried and Martin Mizrahi committed crimes they should have realized would eventually be exposed while insisting on their...

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6 March, 2024

China warns against fake CBDC app

Scammers are reportedly using fake apps to trick Chinese digital yuan users with promises of dividends before wiping the victims’...

Tether responsible for 84% of ‘pig butchering’ transaction volume

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5 March, 2024

Tether responsible for 84% of ‘pig butchering’ transaction volume

A new report by John Griffin and graduate student Kevin Mei made waves last week, claiming that pig butchering has...

US Treasury Department assesses ‘crypto’ money laundering, terror financing risks

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9 February, 2024

US Treasury Department assesses ‘crypto’ money laundering, terror financing risks

US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based...

South Korea wants digital asset criminals sentenced to life imprisonment

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8 February, 2024

South Korea wants digital asset criminals sentenced to life imprisonment

The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served...

HyperVerse scam founder Xue ‘Sam’ Lee hit with criminal, civil fraud charges

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31 January, 2024

HyperVerse scam founder Xue ‘Sam’ Lee hit with criminal, civil fraud charges

The charges against Xue 'Sam' Lee, accusing him of orchestrating the scheme that took $1.89 billion from its 'investors' between...

OneCoin lawyer Mark Scott sentenced to 10 years in prison

James Field

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29 January, 2024

OneCoin lawyer Mark Scott sentenced to 10 years in prison

Lawyer Mark Scott is sentenced to 10 years in prison after he was convicted on two felony counts related to...

OneCoin lawyer Mark Scott could face 17 years in US prison, new filings show

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24 January, 2024

OneCoin lawyer Mark Scott could face 17 years in US prison, new filings show

Mark Scott’s lawyers had proposed a five-year term for the disgraced lawyer, but prosecutors are pushing for 17 years “to...

INDX pastor in $3.2M token scam: God made me do it

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23 January, 2024

INDX pastor in $3.2M token scam: God made me do it

The Colorado pastor admitted to the charges of pocketing $1.3 million by selling a worthless token but said God told...

North Korea’s ‘crypto’ hackers stealing billions for Hermit Kingdom’s nukes