Topic Archive

#crypto fraud

6 Stories Found

Coins•Oct 23, 2026

UAE-Led Scam Crackdown Uncovers Over $39 Billion in Funds and Crypto

Key Highlights: A 30-country cross-border initiative named Operation Confrontation Ghost uncovered over 15,500 victims, more than 3,500 suspects, and raided 29 centers tied to international fraud rings. Major global private-sector firms—including Crypto.com, Meta, TikTok, Mastercard, Huawei, and Group-IB—collaborated with public authorities, sharing more than 9,000 pieces of intelligence. Law enforcement disrupted illicit infrastructure by dismantling ...

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Coins•Oct 22, 2026

China’s Decision Impacts Bitcoin, XRP, and Three Altcoins as Legal Battle Over Billions in Assets Continues

Key Highlights: Chinese authorities are moving to confiscate 61,896 Bitcoins valued at billions of dollars. The cryptocurrency assets are connected to a massive fraudulent fundraising scheme that defrauded investors of roughly 20 billion yuan. Legal proceedings regarding the case and the disposition of the seized funds are currently underway in a Tianjin court. Tianjin Court ...

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Coins•Oct 22, 2026

Albuquerque Bans Bitcoin ATMs: Better Call Saul?

Key Highlights The Albuquerque City Council voted 6-3 to pass an ordinance banning Bitcoin ATMs, which has been signed into law by Mayor Tim Keller. Operators must shut down kiosks immediately and physically remove them within 45 days, with noncompliant host businesses facing daily fines and license revocation. The ban addresses nationwide crypto fraud trends; ...

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Coins•Oct 19, 2026

Seoul Court Acquits ‘Jonber Kim’ in Massive $253M Crypto Scam Case

Key Highlights: The Seoul Southern District Court rejected prosecutors’ bid for a 20-year sentence and a $14 million asset seizure against an individual identified as Park, citing insufficient evidence of market manipulation. Judges ruled that while deceptive white papers were distributed, prosecutors failed to prove they directly induced victims to purchase the tokens rather than ...

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Coins•Oct 15, 2026

Brooklyn DA Shuts Down Cryptocurrency Scam Network

Key Highlights The Brooklyn District Attorney’s Office, in partnership with the FBI, dismantled an extensive cryptocurrency scam network by taking down over 100 servers and hundreds of fraudulent websites. The illicit operation targeted Russian-speaking individuals via Facebook advertisements, trapping them in fake investment platforms and subjecting them to secondary “recovery” schemes. Investigators have recovered roughly ...

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Coins•Oct 13, 2026

National Crime Agency Cracks Down on West African Scam Networks

Key Highlights The UK’s National Crime Agency (NCA) and blockchain analytics firm Chainalysis are collaborating to target and disrupt organized cryptocurrency scam networks. While broader cryptocurrency market prices currently reflect mixed signals, ongoing crackdowns on illicit schemes are seen as vital to rebuilding long-term investor confidence. Anticipated follow-up actions and investigations could lead to tighter ...

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