Crypto ‘godfather’ and LA cop plead guilty to tax, civil rights violations
Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement. Go to Source
cryptocurrency fraud
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Hong Kong court rules for investors in JPEX cryptocurrency fraud case
This was the first case against JPEX, which operated in Hong Kong without a license. Go to Source
Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange’s debts or buy crypto for others. The exchange … Read more
Fake Coinbase website leads to $20M fraud, 5-year sentence
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence. Go to Source
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 … Read more
MEV bot scam rides AI hype to return under new name, says SlowMist
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy. Go to Source
SEC, FBI, DOJ coordinate takedown of 4 fraudulent crypto firms
A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities. Go to Source
FBI Warns of Ichcoin Targeting American Crypto Investors
The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often … Read more
FBI seizes $6M from crypto scammers targeting US citizens
Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized. Go to Source
Supreme Court of India YouTube channel hijacked to shill XRP
India’s Supreme Court YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream. Go to Source
