Brooklyn authorities and the FBI have dismantled a major crypto scam network that defrauded Russian-speaking victims of tens of millions of dollars.
A UK High Court ruling mandates that claims to 61,000 seized Bitcoin worth $5 billion be governed by Chinese law, complicating recovery for 16,000 fraud victims.
Brooklyn prosecutors have dismantled a major crypto scam targeting Russian speakers, seizing 112 servers and 241 domains after a three-year investigation.
The Brooklyn District Attorney’s office has shut down 241 domains and 112 servers linked to a global crypto investment scam that caused tens of millions of dollars in losses.
The High Court of England and Wales ruled that claims to 61,000 BTC seized from a Chinese pyramid scheme must be settled under Chinese law, potentially impacting victim compensation.
A UK High Court ruling may allow the government to retain 61,000 seized Bitcoin worth $5,1 billion, as Chinese fraud victims face stricter requirements to prove ownership of the assets.
The UK High Court ruled that Chinese law governs claims to 61,000 BTC seized from a fraudster, potentially allowing the government to retain the $5 billion in assets.
A UK court has ruled that Chinese law governs claims to 61,000 seized Bitcoin, currently valued at over $5 billion, following a major investment fraud case.
UK authorities have frozen luxury properties linked to Thet Li, the alleged finance chief of the Prince Group, as part of an international crackdown on a $15 billion crypto scam network.
UK authorities have frozen a £8.9 million London penthouse belonging to Prince Group finance chief Thet Li as part of a broader crackdown on the organization's global assets.
China's Ministry of State Security warns that short voice samples captured during phone calls can be used by criminals for AI-powered identity theft and fraud.
Celsius founder Alex Mashinsky is permanently banned from the crypto and finance sectors in New York following a $35 million fraud settlement.
Former Celsius CEO Alex Mashinsky is permanently banned from the financial industry and faces up to $35 million in payments to New York following his fraud conviction.
A man has been sentenced to 18 months in prison for using 10,000 bots to stream AI-generated music and illegally collecting over $8 million in royalties.
A federal jury convicted cybersecurity consultant Jonathan Spalletta of stealing over $53 million from Uranium Finance in 2021, with sentencing set for February 2027.
A US court has issued the first prison sentence for a streaming fraud scheme that utilized AI to generate music and bots to inflate play counts, resulting in $8 million in illegal royalties.
A US man received an 18-month prison sentence for using AI to generate music and bots to inflate streaming numbers for illegal royalty gains.
Adam Iza has been sentenced to 78 months in prison for a $37 million fraud against Meta, tax evasion, and the illegal use of law enforcement officers for personal intimidation.
A Dutch customer paid nearly €3000 for an RTX 5090 on Amazon, only to receive a package filled with rice, pasta, and an old graphics card.
A new study reveals that while 55% of Russians have encountered cybercriminals recently, the vast majority have avoided financial losses through tools like two-factor authentication.
