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South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by … Read more
South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever though. Go to Source
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers. Go to Source
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked … Read more
The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement, … Read more
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too. Go to Source
Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims. Go to Source
Cryptocurrency stolen in a SIM swap may lead to a precedent-setting decision on phone company responsibility. Go to Source
The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken … Read more
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to … Read more
