Tagged: fraud

October 18, 2026 @ 3:14 pm By Omar Faridi  |  

Turkish Justice Minister Akın Gürlek has officially confirmed that Richard James Schueler, the U.S. citizen widely known as Richard Heart and the founder of the Hex and PulseChain cryptocurrency projects, was taken into custody in Istanbul. The detention took place on October 14, 2026, during… Read More

October 17, 2026 @ 6:11 am By Omar Faridi  |  

Brooklyn prosecutors have dismantled the core online infrastructure of a far-reaching cryptocurrency investment fraud that preyed on Russian-speaking residents of the United States, with a disproportionate number of victims in Brooklyn itself. District Attorney Eric Gonzalez disclosed on October 14, 2026, that his office’s Virtual… Read More

October 16, 2026 @ 10:34 am By Omar Faridi  |  

US District Judge Alvin K. Hellerstein of the Southern District of New York (SDNY denied a joint motion by the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company LLC seeking to vacate a consent order entered on January 6, 2025. The order resolved a 2022… Read More

October 14, 2026 @ 10:15 pm By Omar Faridi  |  

Federal prosecutors in the Eastern District of New York have charged a dual US and Israeli citizen who operated a Florida-based ransomware recovery firm with wire fraud, alleging he misled clients by promising specialized decryption capabilities while quietly paying off the same cybercriminals who had… Read More

October 14, 2026 @ 2:56 am By Omar Faridi  |  

Payments related fraud is rising worldwide, and a recent Coinbase (NASDAQ: COIN)  evaluation has shown that simply moving to newer large language models does not automatically improve specialized fraud detection. In its “Owning Intelligence” engineering series, published in early October 2026, crypto exchange Coinbase detailed… Read More

October 9, 2026 @ 11:09 am By JD Alois  |  

Ledger is investigating reports of loss of funds. This is based on the company’s own statements, as well as external comments and reporting. In a post on X, Ledger stated that they are reviewing pilfered funds in Southeast Asia from users who purchased their products… Read More

October 8, 2026 @ 11:41 am By Omar Faridi  |  

A federal judge in Los Angeles has sentenced Adam Iza, the 26-year-old self-described cryptocurrency figure who called himself “The Godfather,” to 78 months in prison and ordered him to pay $23,402,766 in restitution after he admitted using money from a large Meta (NASDAQ: META) advertising… Read More

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