Fraud

Europe

Ukraine Arrests Suspects Tied to Fraudulent Crypto Exchanges

Ukrainian authorities have arrested four individuals suspected of operating fake cryptocurrency exchanges.

Policy & regulation  ·  18 June 2018
Regulation

Belgian Government Launches Site to Warn Crypto Investors About Scams

A new website launched by Belgian government agencies outlines different ways to avoid crypto fraud.

Policy & regulation  ·  5 June 2018
Regulation

Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam

Texas' securities regulator has issued a cease-and-desist to a crypto investment scheme that faked endorsements from high-profile individuals.

Policy & regulation  ·  16 May 2018
Crime

Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud

The U.S. Attorney for the Southern District of New York has announced that the co-founders of a Floyd Mayweather-backed ICO have been indicted.

Policy & regulation  ·  15 May 2018
Regulation

Crypto Investment Schemes Hit With Cease-and-Desists in Texas

A Texas regulator has issued cease-and-desist orders against two cryptocurrency schemes that it alleges are selling unregistered securities.

Policy & regulation  ·  8 May 2018
Crime

Virgin’s Richard Branson Warns on Bitcoin Scam Sites Using His Name

The British tycoon published a post Thursday warning the public to ignore bitcoin scams promoting themselves using his image.

Policy & regulation  ·  4 May 2018
Crime

Bitcoin Pyramid Scheme Amassed $20 Million in South Korea

Two men in South Korea have been sentenced for building a bitcoin pyramid scheme that swindled around $20 million from investors.

Policy & regulation  ·  20 April 2018
Regulation

Police Bust Alleged $13 Million Crypto Pyramid Scheme

Police in China have arrested the founders of a claimed cryptocurrency pyramid scheme that amassed $13 million from over 13,000 people.

Policy & regulation  ·  18 April 2018
IRS

Prosecutors: Options Seller Duped Investors With ‘Worthless’ Crypto

A New York resident has been indicted on fraud charges for tricking residents into investing in worthless binary options and a proprietary token.

Policy & regulation  ·  17 April 2018
Regulation

Philippines Lawmaker Urges Senate to Expedite Crypto Crime Bills

A Philippines senator is seeking to speed up the passage of legislation that would increase the penalties for crimes involving cryptocurrencies.

Policy & regulation  ·  17 April 2018
Regulation

Scammers Are Posing As Crypto Exchange Support Staff, Says FBI

The FBI's Internet Crime Complaint Center warned against criminals who pretend to be tech support for crypto exchanges.

Policy & regulation  ·  29 March 2018
Crime

CFTC Hits Wall Trying to Serve Bitcoin Fraud Summons

In new filings, the CFTC alleges that former bitcoin binary options trader accused of fraud is trying to avoid authorities.

Policy & regulation  ·  21 March 2018
Crime

Theranos Fraud Holds Harsh Lessons for Crypto

While cryptocurrencies aren't companies, the Elizabeth Holmes case serves as a reminder you should ignore the charisma of founders.

Policy & regulation  ·  20 March 2018
Investments

Fake ‘Telegram ICO’ Websites Just Won’t Go Away

CoinDesk has identified several websites claiming to sell Telegram's gram token, but the sale is known to be a private placement effort.

Markets  ·  9 March 2018
Regulation

$600 Fraud? Fake ICO White Papers Are Drawing Scrutiny

A report from China's Beijing News says copywriters in China are offering to fabricate ICO white papers for a fee.

Policy & regulation  ·  13 February 2018