Cryptocurrency Scams

A 23-year-old Brooklyn resident, Ronald Spektor, stands accused of orchestrating a sophisticated phishing scheme that drained $16 million from Coinbase users. Prosecutors say Spektor, using the online alias “lolimfeelingevil,” targeted unsuspecting victims by posing as an official Coinbase support agent, warning them that their crypto holdings were at risk of theft.

Seven companies ran fake crypto platforms and WhatsApp investment clubs, tricking US investors out of over $14 million with false trading claims and AI-driven tips. Victims were pressured to pay extra fees to withdraw funds, and the stolen money was sent through overseas bank accounts and crypto wallets.

A South Korean man’s attempt to secure a lighter punishment for laundering funds through cryptocurrency has backfired dramatically, with an appeals court overturning his suspended sentence and sending him to prison for four years.

A South Korean man who laundered money for a voice phishing gang using cryptocurrency has been sentenced to four years in prison after an appeal cancelled his suspended sentence. The court said he was a middle manager in the scam and previous offences meant a harsher punishment was needed.

A 23-year-old man from Brooklyn, Ronald Spektor, has been charged with a $16 million crypto phishing scam that targeted nearly 100 Coinbase users across the US. He allegedly tricked victims into sending their cryptocurrency to wallets he controlled and is now in custody while authorities work to recover the stolen funds.

A crypto user "donated" $50 million worth of USDT to a group of hackers after copying a poisoned address from his transaction history, according to onchain security firm Web3 Antivirus.

A Singapore-based entrepreneur has fallen victim to a sophisticated crypto malware scam, losing over $14,000 in digital assets after downloading a seemingly legitimate online game launcher.

A Singaporean investor lost S$100,000 after downloading a beta game launcher that contained malware, which emptied his crypto wallets. Despite using strong security measures, he was targeted by a sophisticated scam, highlighting risks for crypto users.

Hong Kong Prosecutors have asked for more time to organize the sprawling evidence collected during the two-year investigation.

A Singaporean man accused of leading a major crypto fraud ring returned to a US court as plea talks with prosecutors continued. The case has expanded with more arrests and charges, while lawyers work towards a possible deal.