South Korean Ex-Police Chief Jailed for Scandal Linked to Crypto Fraud Probe
A South Korean court has sentenced a former senior police officer to prison after he accepted bribes from criminal suspects while pretending he could influence...
Tag : Fraud
Bybit’s AI-Powered Fraud System Stops $300M in Risky Withdrawals
Bybit, among the largest cryptocurrency exchanges, has regularly blocked or impaired withdrawal of over 300 million dollars of assailed crypto scams, associated finances on the...
US Authorities Target $327K USDt in Romance Fraud Scheme
The U.S. Department of Justice has filed a civil forfeiture action to recover more than 327,829 USDT (CRYPTO: USDT), Tether’s widely used stablecoin, in connection...
US Authorities Seek to Recover $327K USDt from Romance Fraud Scheme
A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023. The US...
Minnesota Pushes Crypto ATM Ban In Crackdown On Digital Asset Fraud
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Minnesota lawmakers are weighing a proposal that would prohibit Bitcoin (BTC) and...
DOJ Task Force Confiscates $580 Million In Crypto From Chinese Fraud Ring
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US Federal authorities announced Thursday that more than $580 million in crypto...
OKX and Chainalysis to Deploy AI for Proactive Fraud Prevention
OKX has adopted Chainalysis Alterya, an artificial intelligence (AI)-powered security solution designed to identify and block fraudulent transfers before funds leave the platform. OKX announced...
Crypto Scams Hit Millions in 2025–2026 Through Pig Butchering and Long-Term Fraud
Crypto scams have, over time, moved from operating as isolated hacks to becoming coordinated attack patterns. According to a new report analyzing over 2,500 investigations...
NY Attorney General Warns of ‘Pig Butchering’ Scams as Crypto Fraud Losses Surge
New Yorkers face escalating “pig butchering” investment scams draining life savings through fake crypto platforms, prompting Attorney General Letitia James to issue a stark warning...
Crypto CEO Gets 20 Years for $200M Bitcoin Ponzi Fraud
A federal judge just handed down a serious sentence in one of crypto’s bigger fraud cases. Ramil Palafox, CEO of Praetorian Group International, was sentenced...