On August 8, the U.S. Federal Reserve took a major enforcement action against Pennsylvania-based Customers Bank, marking the U.S. government’s gradual increase in regulatory oversight of cryptocurrency-related businesses.
JinseFinanceAmir Hossein Golshan, a 25-year-old Los Angeles resident, has been sentenced to 96 months in federal prison for orchestrating various scams, including "SIM swapping" to hijack Instagram accounts. Golshan's schemes, resulting in over $1.2 million in losses, involved impersonating individuals, fraudulent advertising, and exploiting two-step authentication vulnerabilities, showcasing the escalating sophistication of digital fraud.
JixuAccording to ZachXBT, Yahya Maghrab's role primarily involved conducting lookups on X/Twitter accounts through his panel, facilitating scammer Skenkir in identifying potential US targets for SIM swap attacks.
DavinJinseFinanceOn-chain detective ZachXBT said a Canadian scammer worked with others to lure people to fake Discord servers in order to steal considerable sums of money. ZachXBT also said the main culprit bought expensive Roblox items.
TheBlockCrypto is known for an abundance of less-than honest players- but you dont have to let them take your money
ClementExtravagant spending by Aiden Pleterski occurred after the accused raised $41 million to fund a non-existent crypto investment fund.
CryptoSlate
Coinlive Interestingly, a journalist’s investigation has delivered new evidence as to the whereabouts of the scam’s originators.
FinboldJeremy Spence, better known as “Coin Signals,” must pay around $2.8 million to people he conned in his crypto scheme.
cryptopotato