Crypto Scams Surge Regulator Issues Warning
North Dakota Securities Department warns of fake “investment education foundations” scamming cryptocurrency investors with deceptive trials and bogus loans. #Breaking #Legal (+9) ↗
Fraud
Safemoon Fraud: Former CTO Guilty
Former @Safemoon CTO Thomas “Papa” Smith pleads guilty to fraud in the collapse of the $8 billion DeFi project. #Breaking #Legal $SFM (-9) ↘
Crypto Scandal: SafeMoon CTO Admits Fraud
Thomas Smith, CTO of @SafeMoon, pleads guilty to $200M fraud, facing up to 45 years in prison; CEO’s trial set for April 7. #Breaking #Legal #Crypto (-9) ↘
SEC Launches Division Against AI Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) launches the Cyber and Emerging Technologies Unit to combat fintech fraud, led by Laura D’Allerd, focusing on AI and crypto crimes. #Update #Legal (+7) ↗
Crypto Fraud: Clucoin Founder Sentenced
Austin Michael Taylor, founder of @Clucoin, sentenced to 27 months for wire fraud and ordered to pay $1.14 million in restitution. #Breaking #Legal (-9) ↘ (Source: News.Bitcoin)
SEC Charges Digital Currency Group Fraud
The SEC has charged @DCGco and former Genesis CEO Michael Moro with misleading investors about the impact of Three Arrows Capital’s collapse, resulting in a $38.5 million settlement without admitting guilt. #Breaking #Legal @DCGco (-9) ↘
Crypto Fraud: Pastor’s Dream Scheme Indictment
Washington pastor Francier Obando Pinillo faces 26 fraud charges related to a crypto scheme he claimed came ‘in a dream,’ potentially leading to a 20-year prison sentence. #Breaking #Legal (+9) ↗
Do Kwon Pleads Not Guilty Fraud
Do Kwon, founder of @terra_money, pleads not guilty to fraud after U.S. extradition; faces charges over $40B collapse of $LUNA and terraUSD. Detained until Jan. 8 court date. • #Breaking • #Legal • @terra_money • (+9) • ↗
Crypto Fraud: California Man Sues Banks
California resident Ken Liem sues three Asian banks for allegedly failing to prevent a $1M “pig butchering” crypto-fraud scam, highlighting potential lapses in anti-fraud measures. • #Breaking • #Legal • @Cointelegraph • (+8)
Tron Freezes $100M USDT in Fraud
@Tronfoundation’s T3 unit froze $100M in $USDT linked to crime since September, targeting money laundering, scams, and North Korea ties. • #Breaking • #Crypto • @Tronfoundation • (+8)
Solana Co-Founder Faces Fraud Lawsuit
Stephen Akridge, co-founder of @Solana, is sued by ex-wife Elisa Rossi for allegedly misappropriating millions in $SOL profits by exploiting crypto knowledge to collect her staking rewards; lawsuit filed in San Francisco Superior Court. #Breaking #Legal @Solana ↘ (-7)
Cyberattack: Hacker Breaches Accounts for Fraud
A cyber attack compromised 15 @X platform accounts, promoting fake tokens and stealing over $500,000 through phishing emails impersonating the X team; notable victims include @RuneMine and @GameSwift. #Breaking #Crypto @X ↘ (-7)
Scam Phantom Wallet Drains iOS Users’ Funds
? A fake Phantom wallet app in the Apple Store is draining users’ funds when they recover accounts with a private key. Promoted by Meta Voxify, it has led to over $100K in losses. Stay vigilant! #CryptoSecurity
Phantom Wallet Scam Drains iOS Users’ Funds
? Beware of a fake Phantom wallet app by Meta Voxify on the UK AppStore! It drains funds during account recovery. Swissborg co-founder @Alex_Fazel warns users. #CryptoScam #SecurityAlert