Cryptocurrency Scams

South Korean prosecutors are pushing for a three-year jail term for actress and former singer Hwang Jung-eum, accusing her of embezzling billions of won from her own entertainment agency to fund crypto purchases.

UK police are investigating a sophisticated phishing scam where the criminal posed as a senior UK Law enforcement officer stole £2.1 million worth of bitcoin, according to the North Wales Police Cyber crime team.

A federal magistrate in Texas has recommended dismissal of YouTuber Logan Paul from a proposed class-action lawsuit concerning the failed NFT venture CryptoZoo

Vietnamese authorities have dismantled what they claim is the nation’s largest-ever crypto fraud operation, following the arrest of the ringleader behind a multibillion-dollar Ponzi scheme built around the digital token Paynet Coin (PAYN).

Scammers are targeting crypto investors again by pretending to be law firms that can recover lost funds. The FBI warns victims to be cautious, as these fake firms ask for payments in crypto or gift cards and use personal details from previous scams to appear credible.

Federal prosecutors in New York have charged Richard Kim, former CEO of the crypto-powered casino startup Zero Edge, with securities and wire fraud, alleging he misappropriated millions in seed funding and gambled it away instead of building the company.

Former Wall Street executive Richard Kim is facing fraud charges after allegedly gambling away $3.8 million of his start-up’s investor funds in one week. Zero Edge, the company he led, never launched its planned blockchain app and has entered voluntary liquidation.

Binance has joined the T3+ coalition and helped freeze $6 million from a pig-butchering crypto scam. The exchange is actively working with other industry players to track and stop illegal blockchain activity in real time.

Apple co-founder Steve Wozniak is accusing Youtube of turning a blind eye to scammers who has been leveraging on the social media platform to perform Bitcoin scams.

The two Estonian co-founders of the now-defunct crypto mining company HashFlare are seeking leniency after pleading guilty to wire fraud, while U.S. federal prosecutors are calling for each to serve a full decade in prison