Browsing: fraud

UK Initiates Major Crypto Fraud Investigation into Collapsed Basis Markets Project In a major development in the cryptocurrency sector, the United Kingdom has launched a comprehensive fraud investigation into the failed Basis Markets project. The… (via Bpaynews real-time desk)

A recent report by the New York Times highlights significant fraud involving crypto ATMs, with $240 million reported stolen over a six-month period. The rise in crypto ATM fraud is alarming, as criminals exploit the…

UK Fraud Office Probes $28M Crypto Fund Collapse, Two Arrested In a dramatic turn of events, the UK Serious Fraud Office (SFO) has launched an investigation into the collapse of a $28 million cryptocurrency fund,… (via Bpaynews real-time desk)

The United States has created a “Scam Task Force” aimed at addressing piggybacking networks in Southeast Asia. This initiative is part of a broader effort to combat fraud. The task force will focus on identifying…

A mistrial has been declared for the individuals known as the ‘MEV Brothers,’ who faced allegations of committing fraud involving $25 million in Ethereum. The decision came after a jury was unable to reach a… (via Bpaynews real-time desk)

In a major crackdown on cryptocurrency fraud, authorities across the European Union have successfully dismantled a sophisticated criminal network, resulting in the arrest of nine individuals. The operation was linked to a massive cryptocurrency scam,… (via Bpaynews real-time desk)

JPEX crypto fraud Hong Kong authorities have charged 16 individuals in connection with an alleged $205 million fraud involving the JPEX cryptocurrency platform, while Interpol seeks three additional suspects. The charges come amid a broader…

The lawyer for SBF has described the ongoing fraud trial as “unfair” and is requesting that the conviction be overturned. This assertion reflects the defense’s belief that the trial process did not uphold the standards…

Singapore authorities have frozen $150 million in assets associated with Chen Zhi as part of a $14.4 billion Bitcoin fraud…

cryptocurrency fraud case The Dinghai Court in Zhoushan, China, has wrapped up a case related to the use of cryptocurrency…