Scams

Malone Lam pleaded guilty to leading a crypto theft enterprise that prosecutors say stole and laundered more than $245 million.The 22-year-old Singapore citizen admitted Tuesday in Washington to participating in a racketeering conspiracy,…

Australia’s financial intelligence regulator AUSTRAC said Sept. 7 that it canceled, suspended or refused to renew 45 remittance and virtual asset provider registrations over the past year, highlighting how failures under the registration…

A federal jury convicted Profit Connect owner Brent C. Kovar on 15 fraud and money-laundering counts after prosecutors said he obtained $24 million from at least 400 investors through false claims about an AI-powered crypto business.The…

Reported losses from deepfake scams in 2026 have already exceeded last year's total by 263%, according to TRM Labs, highlighting a growing crypto security problem in which attackers increasingly manipulate authorized users rather than break…

Simulating transfers using safety tools inside crypto wallets can show a small gain even when the final transaction sends the user's deposit to an attacker, according to a July 30 arXiv preprint that links the technique to 5,742 victim…

Starting Aug. 1, Louisiana users may cancel a virtual-currency-kiosk transaction made on or after that date and demand a full refund at any time if the machine's owner or operator was unlicensed when the transaction occurred.Act 482 puts…

Apple’s tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fake crypto wallet, adding to a growing list of malicious wallet apps that have reached users despite the…

AFX and the Verus-Ethereum bridge suffered about $31.69 million in combined losses within hours of each other, while B² Network separately suspended token staking after unauthorized access to a contract upgrade authority.Blockaid said it…

U.S. prosecutors filed five civil-forfeiture complaints on July 21 seeking roughly $26.4 million in cryptocurrency traced through separate international fraud investigations.Investigators can freeze suspected criminal proceeds before they…

A US-based crypto mining venture raised about $22 million from more than 380 investors, then spent just 13 cents of every dollar on its purported mining operation, the SEC alleges.The regulator filed partially settled charges on July 20…