Crypto Fraud

Celebrity hairstylist Jawed Habib, his son, and an associate are accused of defrauding over 150 investors of Rs 5–7 crore through a fake crypto scheme. Police say they used his fame to gain trust and have issued lookout notices as investigations continue.

The UK plans to return $7 billion in Bitcoin to Chinese investors after a major fraud case, with the criminals pleading guilty to money laundering. Authorities face challenges tracing claims and distributing the funds due to cross-border complexities and China’s crypto ban.

Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, has once again spoken out from prison — this time admitting that his “biggest mistake” wasn’t the mismanagement of customer funds, but his decision to hand over control of the company to new management.

It was supposed to be a quiet afternoon stroll in a Bangkok luxury mall. But for one Portuguese journalist, that walk would turn into a global manhunt’s breakthrough — leading to the dramatic arrest of a fugitive crypto scammer behind a $580 million fraud empire.

Two brothers held a Minnesota family hostage for nine hours, forcing the father to transfer $8 million in cryptocurrency to the attackers. They were later arrested in Texas and now face federal and state charges, but the stolen crypto has not been recovered.

Circle is exploring ways to make USDC transactions reversible in cases of fraud or hacks while keeping settlements mostly final. The plan involves its new Arc blockchain, aimed at institutions, to add fraud protection without fully breaking blockchain rules.

Authorities across Europe have shut down a €100 million crypto scam, arresting five people in multiple countries. The fraud tricked investors through fake crypto platforms, taking their money and disappearing with it.

South Korean police broke up a fraud ring in Pattaya, Thailand, accused of stealing about $15 million from nearly 900 victims. Twenty-five suspects were arrested, while the alleged ringleader and others remain in Thai custody as extradition continues.

A game on Steam called Block Blasters secretly contained malware that stole over \$150,000 in cryptocurrency from players. The attack hit hundreds of users, including a streamer raising funds for cancer treatment, and raised concerns about Steam’s platform security.

A Texas court ruled that Nathan Fuller, who admitted running a crypto Ponzi scheme, cannot use bankruptcy to escape his debts. He now remains personally liable for more than $12.5 million owed to investors.