Federal Authorities Open $7M Recovery Process for Cryptocurrency Fraud Victims
U.S. authorities have secured $7 million from cryptocurrency fraudsters who used fake trading platforms and social engineering to scam investors. Victims can now reclaim their lost funds through a formal government petition process to verify their claims.
Gotbit CEO to Forfeit $23M in Landmark Crypto Market Manipulation Settlement
Aleksei Andriunin, founder of crypto market maker Gotbit, agrees to forfeit $23M in assets and serve prison time for orchestrating a massive wash trading scheme. The Russian national faces a 24-month sentence and will be barred from cryptocurrency activities during supervised release.
SEC Lawsuit Against HEX Founder Dismissed Over Jurisdictional Issues
A federal judge has dismissed the SEC's $1 billion fraud case against cryptocurrency entrepreneur Richard Heart due to insufficient U.S. connections. The ruling deals a setback to regulators' efforts to police cross-border crypto activities despite Heart's alleged misappropriation of investor funds.
OX.FUN Exchange Faces Collapse Amid $1 Million Extortion Scandal
Cryptocurrency exchange OX.FUN, led by former Three Arrows Capital's Su Zhu, is embroiled in controversy over alleged attempts to extort $1 million from an artists' collective. With reserves reportedly plummeting to $1,000 USDC, the platform shows signs of imminent collapse following its founder's pattern of failed ventures.
Crypto Whistleblower Exposes $200M Memecoin Market Manipulation Ring
DefiTuna's founder reveals evidence of a massive market manipulation scheme involving M3M3 launchpad and multiple high-profile tokens. The scandal implicates prominent industry figures and details sophisticated tactics used to extract millions from unsuspecting investors.
Argentine President Faces Criminal Charges Over $4.5B Crypto Token Collapse
President Javier Milei faces fraud charges after endorsing $LIBRA token that crashed 94% following insider sales of $107M. The scandal has triggered impeachment calls and criminal investigations into the president's role in promoting the failed cryptocurrency project.
Argentine President Faces Criminal Charges Over Crypto Token Endorsement
President Javier Milei faces criminal fraud charges after promoting $LIBRA cryptocurrency that crashed 90% following his endorsement. Opposition calls for impeachment as investigators probe potential 'rug pull' scheme involving presidential office meetings with token developers.
Crypto Scandal: LIBRA Meme Coin Team Linked to Multiple Rug Pull Schemes
Blockchain analysts have uncovered concerning connections between the collapsed LIBRA meme coin and several questionable crypto projects, including the MELANIA token. The investigation began after LIBRA's market cap surged to $4.5B following an endorsement by Argentina's president, before crashing 90% amid suspicious trading activity.
Cyprus Crypto Scam: Resident Loses €430,000 in Sophisticated Investment Fraud
A Limassol resident lost €430,000 after falling victim to fraudsters posing as investment platform representatives who gained access to their crypto wallet. The scammers lured the victim with false promises of $1.5M profits before authorities discovered the elaborate scheme.
Kanye West Rejects $2M Crypto Scam Deal to Protect Followers
Rapper Kanye West reveals he declined a $2 million offer to promote a fraudulent 'Ye token' cryptocurrency targeting his fanbase. The incident highlights growing concerns about celebrity crypto endorsements and sophisticated scam tactics targeting high-profile influencers.