Bitcoin Scammer Jailed for $73M Fraud
A U.S. court sentenced Daren Lee to 20 years for a $73 million cryptocurrency fraud involving “pig butchering,” as he remains on the run after escaping custody. #Update #Crypto
Fraud
SEC Investigates Justin Sun Fraud Allegations
New allegations against @justinsuntron arise as blogger Ten Ten claims he pressured her to alter content. Sun denies these claims, labeling them rumors and asserting cooperation with law enforcement. #Update #Crypto $TRX
Bank Employee Drains $8450 from Customers
A Fifth Third Bank teller, Sherry Manz, 54, is charged with forgery and theft for allegedly stealing $8,450 from customers by forging signatures. Investigators stress the need for better auditing practices. #Update #Legal @FifthThirdBank
Crypto Scammer Sentenced to 3 Years in Utah
U.S. court sentences Bryan Harry Sewall to three years for a $8M crypto fraud scheme, misleading investors and operating an unlicensed money transfer business. #Breaking #Legal $BTC
Bitcoin Fraud: Prince Group Leader Arrested for $12B
Chen Zhi, head of @PrinceGroup, was arrested in Cambodia and extradited to China for a $12 billion Bitcoin fraud scheme; U.S. charges include fraud and money laundering. #Breaking #Legal $BTC
CZ Urges Action Against Wallet Address Fraud
Changpeng Zhao, former CEO of Binance, highlights a $50 million theft via address poisoning and urges wallets to implement real-time fraud detection measures. #Update #Crypto $BNB
Appeals Court Rejects Bankman-Fried Trial Claims
Former FTX CEO Sam Bankman-Fried’s appeal for a new trial faces skepticism from the appellate court, questioning claims of unfairness and misrepresentation in his defense. #Update #Legal $FTX
XRP Heist: $3M Tracked, Recovery Unlikely
A US investor reportedly lost $3M in $XRP due to a hack, with funds traced through Southeast Asian OTC networks. Recovery chances remain low. #Breaking #Crypto $XRP
Circle Launches Reverse Transaction Fraud Protection
@Circle is exploring a transaction refund mechanism for fraud cases, potentially using its Arc blockchain to allow reversible transactions with mutual consent while enhancing user privacy and transparency. #Update #Crypto $USDC
Crypto ATM Fraud Tackled by Lummis Bill
Senator Cynthia Lummis advocates for the Responsible Financial Innovation Act of 2025 to combat crypto ATM fraud, which has targeted elderly citizens in over 50 reported incidents. #Update #Legal $BTC
Crypto Fraud Accomplices Get Suspended Sentences
A South Korean court gave suspended sentences to three involved in the V Global crypto scam, defrauding 50,000 victims of $1.44 billion. #Update #Legal
SEC Launches Task Force Against Foreign Scams
The SEC launches a Cross-Border Task Force targeting foreign pump-and-dump schemes, aiming to protect U.S. investors from market manipulation. #Breaking #Legal @SECgov
Crypto Recovery: US Reclaims $2.5M
Federal agents recovered $2.5 million in crypto from fraudulent schemes, highlighting DOJ’s push to restore market integrity. #Breaking #Legal (May 23) (+9) ↗
Fraud Charges Against Unicoin Executive Revealed
The U.S. Securities and Exchange Commission charged Alexandre Konanykhin with defrauding over 5,000 investors by inflating @Unicoin tokens’ value, totaling $110M. #Breaking #Legal $UNICOIN (-9) ↘