In 2025, a Connecticut resident lost a huge sum of cryptocurrency after falling for what looked like an official security notice. The message claimed their Ledger device—a small gadget used to store crypto—needed an urgent update. But the letter was a scam. When the victim followed the instructions,
A recent police complaint has led to the co‑founders of Indian crypto exchange CoinDCX, Sumit Gupta and Neeraj Khandelwal, being taken in for questioning. The allegations stem from a website that pretended to be CoinDCX and lured investors into losing large sums of money. The complaint was lodged by
A former head of a collapsed crypto firm is using prison‑approved messages to cheer on President Trump. The prisoner, serving 25 years for fraud, recently wrote about the president’s military strikes on Iran. He says the action was needed to stop a nuclear threat and that it weakened Iran’s army. H
A former deputy from Los Angeles County’s sheriff’s office was sentenced to more than five years in prison. The officer, who also flew helicopters for the department, worked with a cryptocurrency businessman to trick rivals and falsely arrest them. The judge said the officer abused his power.
Federal agents in North Carolina recovered more than $61 million worth of Tether (USDT) after dismantling a romance‑based pig‑butchering scam. The case shows how investigators used the open nature of blockchain data to follow money through a maze of wallets, even after scammers tried to hide thei
Barry Silbert, the head of Digital Currency Group (DCG), is facing serious legal troubles. He's accused of tricking big investors, like Mark Cuban. Yet, he's pouring money into lobbying in Washington. This is happening while he's trying to take his company public in a massive IPO. In early 2025, Si
In a significant move, authorities in Guernsey have recently seized assets worth $11. 4 million linked to the infamous OneCoin fraud. This scam, one of the largest in cryptocurrency history, has left a trail of financial devastation and unanswered questions. The seized assets, valued at just under
Caroline Ellison, the former head of Alameda Research, is set to walk free from prison much earlier than expected. She was only sentenced to two years for her part in the FTX crypto scandal, and now, after just 15 months, she's getting out early. This is quite a contrast to her ex, Sam Bankman-Fried
Do Kwon, once a big shot in the crypto world, got a hefty 15-year prison sentence. His downfall? A massive $40 billion fraud that shook the crypto market. Kwon, a Stanford grad, had a knack for making people trust him. He convinced investors that his stablecoin, TerraUSD, was a safe bet. But it was
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison. This comes after he admitted to wire fraud and conspiracy to defraud. The judge in New York made this decision after hearing from people who lost money because of Kwon's actions. The collapse of Terraform Labs in 2
