Tagged: fraud

October 6, 2026 @ 10:56 pm By Omar Faridi  |  

Greek authorities have reportedly taken down a suspected cryptocurrency pyramid that investigators say pulled in roughly eight to nine million dollars by telling participants their deposits would double in about fifty days. Officers from the Katerini Crime Prosecution and Investigation Sub-Directorate led a months-long inquiry… Read More

October 4, 2026 @ 3:52 pm By Omar Faridi  |  

On Thursday, October 2, 2026, attackers briefly seized Microsoft’s (NASDAQ: MSFT) official account on X and used the company’s enormous audience to push a speculative token built around Clippy, the long-retired Office paperclip assistant. The @Microsoft profile, which has more than 13 million followers, was under… Read More

October 1, 2026 @ 11:52 pm By Omar Faridi  |  

Fraudsters drained more than 766 ETH—valued by the community at roughly $2 million—by launching a counterfeit Ethereum Layer 2 that posed as GIWA before the real network ever went live. GIWA is an OP Stack project from Dunamu, the operator of South Korea’s Upbit exchange…. Read More

October 1, 2026 @ 3:26 am By Omar Faridi  |  

Investors who lost money in a long-running fake cryptocurrency scheme have taken a meaningful step toward partial reimbursement after a London court issued confiscation orders against the two men already serving prison sentences for the crime. Southwark Crown Court directed Raymondip Bedi to pay £603,404.28… Read More

September 30, 2026 @ 1:35 pm By Omar Faridi  |  

Federal prosecutors in Massachusetts have opened a civil forfeiture case aimed at recovering digital assets they say are connected to a 2023 account takeover that drained 33.7 bitcoin from a single Coinbase (NASDAQ:COIN) login. According to court papers, a beneficiary of a Massachusetts family trust… Read More

September 29, 2026 @ 4:37 pm By Omar Faridi  |  

Aiden Pleterski, the Ontario man who branded himself a “crypto king” on social media, is scheduled to stand trial next week on fraud and money-laundering charges without a lawyer. An Ontario Superior Court judge rejected his last-minute bid for more time to hire counsel, meaning… Read More

September 26, 2026 @ 11:36 am By Omar Faridi  |  

Federal prosecutors in Missouri have accused a Vietnamese national of helping move digital assets stolen in a large-scale cryptocurrency confidence fraud, a case that highlights how quickly stolen coins can be shuffled off public ledgers. Trung Nguyen Van, 37, faces two money-laundering counts in the… Read More

September 24, 2026 @ 8:16 am By Omar Faridi  |  

A 23-year-old Sheepshead Bay resident has been sent to prison after admitting he ran a yearlong social engineering operation that drained nearly $16 million from Coinbase (NASDAQ: COIN) customers across the United States. Ronald Spektor received an indeterminate term of four to 12 years on… Read More

September 21, 2026 @ 3:32 pm By Omar Faridi  |  

Prediction market operator Polymarket came under fresh scrutiny after a reported wave of stolen-card activity on its US platform coincided with leadership pressure to keep expanding, according to an investigation by The Wall Street Journal. In February 2026, shortly after the regulated U.S. venue began… Read More

September 21, 2026 @ 8:57 am By Omar Faridi  |  

French data breaches have coincided with a noticeable increase in phone-based cryptocurrency fraud, according to entrepreneur Owen Simonin, better known as Hasheur. The founder and chief executive of the French platform Meria says he has received multiple reports in recent days of callers posing as… Read More

September 16, 2026 @ 1:32 am By Omar Faridi  |  

Klarna (NYSE: KLAR) has added a new layer of protection for customers in the Nordic region, rolling out an in-app tool that lets people check in real time whether an incoming phone call is actually coming from the company. The feature, called Call Status Detection,… Read More

September 10, 2026 @ 2:13 am By Omar Faridi  |  

Iran-linked cyber spies have been approaching technology specialists in aviation, aerospace and financial services with fabricated job opportunities that conceal previously unseen malware, according to recent findings from Kaspersky. The cluster, which the Russian firm tracks as Mirage Kitten, has focused on developers and other… Read More

September 9, 2026 @ 5:54 pm By Omar Faridi  |  

Federal investigators are examining reports that scans of millions of American identity documents may have been exposed through a company that verifies IDs for businesses, Bloomberg News reported after a bureau spokesperson confirmed the inquiry. The warning arrived as an underground service calling itself Nexus… Read More

September 9, 2026 @ 3:04 am By Omar Faridi  |  

US and UK based investigators have opened a new chapter in the fight against industrial-scale cryptocurrency fraud. On September 3, 2026, officials from both countries signed a first-of-its-kind memorandum of understanding that commits them to pursue the overseas compounds behind investment and romance scams that… Read More

September 4, 2026 @ 1:36 pm By Omar Faridi  |  

US Treasury officials have documented a sprawling pattern of suspected cryptocurrency investment fraud, linking roughly $13 billion in reported financial activity to international scam networks that prey on people across the United States. The finding, released on September 3, 2026, comes from the Financial Crimes… Read More

August 30, 2026 @ 10:58 am By Omar Faridi  |  

Nasdaq Verafin has formed a partnership with Q6 Cyber to fold dark-web fraud intelligence into the same platform banks and credit unions already use for investigations. The goal is straightforward: give institutions earlier warning when stolen checks, payment cards, and online banking credentials appear for… Read More

August 28, 2026 @ 1:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced yesterday that it has found large-scale abuse in the investment advisor sector and filed complaints against 38 entities. At the same time, the SEC thanked the Federal  Bureau of Investigation’s Operation Level Up, a project launched to protect… Read More

August 25, 2026 @ 3:46 pm By Omar Faridi  |  

A San Francisco-based entrepreneur with roots in the gaming industry has been found guilty of orchestrating a scheme that defrauded investors in a cryptocurrency trading fund of nearly $1 million. On August 24, 2026, a federal jury in the Northern District of California convicted Japheth… Read More

August 25, 2026 @ 3:41 pm By Omar Faridi  |  

Blockchain investigator ZachXBT has ranked Canada as the least effective jurisdiction for assisting victims of cryptocurrency-related crimes, based on his extensive experience handling such cases. In recent comments shared via his Telegram investigations channel and on X, he placed Canada at the top of a… Read More

August 25, 2026 @ 1:19 pm By JD Alois  |  

Kingscrowd, a provider of data and analysis of online securities offerings, has commented on the Securities and Exchange Commission’s allegations of fraud against Netcapital (NASDAQ:NCPL), a company that operates a FINRA-regulated Funding Portal. Kingscrowd notes that only three of the eleven securities offerings mentioned in… Read More