Crypto Fraud

Singapore’s Interior Minister, Sun Xueling, warns against crypto investments amidst rising scams, while MP Tan Wu Meng proposes caning for severe fraud. Though no policy changes are confirmed, stricter regulations may follow.

Chinese authorities warn of scammers posing as DeepSeek developers, peddling fake tokens and distributing malware-infected apps that compromise user security.

Pump.fun’s X account was hacked to promote a fake PUMP token, which quickly collapsed, leaving victims with worthless assets. The platform regained control and urged users to verify information. Yet many still fell for the scam despite prior warnings—was it blind optimism or greed?

Thailand has seen a histroic rise in scam calls and SMS fraud, totalling 168 million in 2024 compared to the year prior. This surge prompted authorities to intensify their crackdown on cyber fraud operations across Southeast Asia.

In a shocking turns of events, South Korean police has re-arrested Jonbur Kim Park, better known as South Korea's infamous "coin king" after finding on fresh fraud charges. This news comes just one week after he was released on bail for a separate cryptocurrency scam case.

32-year-old Ho Kai Xin used the stolen funds to indulge in luxury items, including Louis Vuitton handbags, sunglasses, and a Mercedes-Benz.

Norwegian authorities have charged four individuals in a global crypto fraud scheme, accused of diverting investor funds—initially promised for gas, mining, and real estate—into a law firm’s accounts.

Hackers breached the Saudi Law Conference’s X account to promote scam meme coins linked to Crown Prince Mohammed bin Salman, leading to a swift rug pull that wiped out over 90% of the tokens' value.

CluCoin founder Austin Michael Taylor has requested probation after pleading guilty to a $1.1 million wire fraud scheme involving cryptocurrency. But does his crime warrant such leniency?

Estonian nationals Sergei Potapenko and Ivan Turogin have agreed to surrender all claims to digital assets seized by US authorities as part of their plea agreement. To date, $350 million has already been returned to victims.