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The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit and is in the process of returning funds stolen through a Safemoon smart contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The U.S. Department of Justice (DOJ) announced on June 12 that it has seized and is in the process of … Read more
The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in crypto and exposing years of fake trading volume that misled investors and platforms. DOJ Forces Market Manipulator Gotbit to Shut Down The U.S. Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a cryptocurrency-focused financial firm based in Russia … Read more
Ohio’s six-step crypto fraud rescue plan puts victims in control, arming them with powerful tools to freeze wallets, preserve evidence, protect identities, and fight back. Ohio’s 6-Step Blueprint for Crypto Scam Victims: From Wallet Freeze to Reporting The Ohio Attorney General’s Office published a detailed consumer advisory on June 11 addressing the rise in cryptocurrency-related … Read more
A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability. CFTC Secures Judgment Against My Big Coin for Crypto Fraud Scheme The Commodity Futures Trading Commission (CFTC) announced on June 11 … Read more
Federal agents recovered $2.5 million in crypto from fraudulent investment schemes, underscoring an aggressive push to restore trust and integrity across digital asset markets. Federal Agents Just Froze Millions in Crypto—Here’s What They Found The U.S. Department of Justice (DOJ) announced on May 23 that it has secured the forfeiture of approximately $2.5 million in … Read more
The U.S. Securities and Exchange Commission (SEC) has charged Alexandre Konanykhin with securities fraud after he allegedly swindled more than 5,000 unsuspecting investors by inflating the value of his company’s Unicoin tokens. SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, Vladmir Putin, for mass murder,” the February 2022 Facebook post reads. … Read more
Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions. Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead to Federal Conviction The U.S. Department of Justice (DOJ) announced on May 21 that Braden John Karony, chief executive … Read more
Hong Kong police have dismantled a cross-border crime syndicate accused of laundering HK$118 million (US$15 million) through fraudulent bank accounts, arresting a total of 12 individuals in a citywide operation, the South China Morning Post (SCMP) first reported. Crime Syndicate Recruited Mainland Chinese to Launder Millions, Police Say SCMP reported that Hong Kong’s Commercial Crime … Read more
Binance’s founder has urgent advice for crypto users: strengthen logins, avoid risky clicks, and adopt advanced security tools to stay ahead of relentless phishing threats. CZ Shares Crucial Tips to Stop Phishing Scams Targeting Crypto Users Binance co-founder and former CEO Changpeng Zhao (CZ) shared on social media platform X on Thursday a detailed set … Read more
As New Hampshire pioneers bitcoin state reserve integration, scammers exploit public interest—triggering fraud alerts amid soaring confidence in BTC adoption. NH Treasury Issues Alert: Fraudsters Use Bitcoin to Target Residents The New Hampshire State Treasury issued a public announcement on May 13, warning residents of a bitcoin-related scam involving fraudulent calls from individuals impersonating Treasury … Read more
