$35M Corporate Crypto Bet Crashes, CFO Gets Prison Sentence
TLDR: Former CFO diverted $35M into DeFi lending platforms despite company policy requiring conservative investments. Crypto inves...
Praetorian Group CEO Sentenced to 20 Years for $200M Bitcoin Ponzi Scheme
TLDR: Praetorian Group CEO Ramil Palafox received 20-year sentence for operating $200M Bitcoin Ponzi scheme from 2019 to 2021. Ov...
BitMine Faces $6 Billion Unrealized Loss on 4.24M ETH Amid Continued Strategic A...
TLDR: BitMine holds over 4.24 million ETH, facing a $6 billion unrealized loss as Ethereum trades below acquisition cost. Ethereu...
Address Poisoning Attack Drains $12.25 Million in ETH From Single Crypto Victim
TLDR: Victim lost 4,556 ETH worth $12.25 million by copying a fraudulent address from transaction history. Scammers generate vani...
DOJ Seeks to Recover $200,000 Stolen in Tinder Crypto Pig Butchering Scam
TLDR: DOJ filed civil forfeiture to recover 200,000 USDT stolen through Tinder cryptocurrency romance scam Massachusetts victim tr...
US Senators Push for Stronger Crypto Fraud Protection with SAFE Crypto Act
TLDR Senators Elissa Slotkin and Jerry Moran introduced the bipartisan “SAFE Crypto Act” to combat crypto fraud in the U.S. The bi...
$42M Crypto Fraud Scheme: U.S. Charges Canadian Nathan Gauvin in Discord Scam
TLDR Nathan Gauvin, 26, charged in a $42M crypto fraud scheme involving Gray Digital Capital and its Gray Fund. Gauvin lured inves...
Melania Trump and Javier Milei ‘Unwitting Faces’ of $57M Meme Coin Fraud, Suit S...
TLDR: Founders allegedly used one-sided liquidity pools to extract around $107 M from the LIBRA token launch. The complaint states...
PGI CEO Pleads Guilty After $200M Bitcoin Ponzi Scheme Collapses, 90K Investors...
TLDR: PGI collected over $201M through Bitcoin and cash between 2019 and 2021 before collapsing. Victims are set to receive $62.7M...
$10B Lost: US Cracks Down on Burma and Cambodia Crypto Scam Networks
TLDR: Treasury sanctions hit scam hubs in Burma and Cambodia after Americans lost $10B to crypto scams in 2024. Scam centers in Sh...