Bitcoin Godfather Moves Millions IRS Deceived
Iris Rabaya Au sentenced to 18 months for false tax return, ordered to pay $1.48M restitution; involved in $2.6M unreported income and $16M crypto transactions. Legal
Fraud
Polymarket Faces $10M Fraud Ignored
Polymarket faced a $10M debit card fraud in Feb 2026, prompting CFTC scrutiny and leadership changes amid compliance failures. The platform seeks $1B funding. #Breaking #Legal @Polymarket
Bitcoin Lawsuit Targets UK Crypto Influencers
X Corp. sues UK crypto influencers for $277,000 fraud, pivots to original content model; accounts with Community Notes lose monetization eligibility.
Crypto Fraud Exposed in Prague Worth $655K
Ukrainian law enforcement suspects a man of stealing over $655,000 in a crypto investment fraud, leading to a search in Prague where devices and documents were seized. #Breaking #Legal
SEC Freezes $938M in Crypto Scams
The Justice Department’s Scam Center Strike Force restrained $52M in scam-linked crypto, raising the total to $938M, targeting a Telegram marketplace. #Breaking #Legal @DOJ
Bitcoin Heist: $245M Stolen by Crypto Gang
Malone Lam, 22, pleaded guilty to leading a $245M crypto theft ring using deception and break-ins. Extravagant spending included luxury cars and club nights. #Breaking #Legal
Bitcoin Hoarder Claims Just $0.34 Bankruptcy
Jihoon Park convicted of wire and bankruptcy fraud for hiding millions in crypto, claiming only $0.34 in bankruptcy; sentencing set for Dec. 10. #Breaking #Legal
Crypto Alert Issued After $200K Loss
Connecticut AG warns of $200K loss on unregulated DeFi exchange, citing high-risk leverage and limited recourse. Platforms like @dYdX and @GMX_IO named in alert. #Breaking #Legal
Bitcoin Tied to $13B Crypto Scams
The U.S. Treasury’s FinCEN identified $12.7B in suspected crypto scams, with stablecoins like $USDT involved, leading to 276 arrests and nine dismantled scam centers. #Crypto #Legal
Bitmart Users Rally to Recover Assets
Echo Base forms a committee for Bitmart claimholders to recover frozen assets after a $10M offer was ignored. Sonn Law Group investigates losses of $500K+. #Update #Legal
Bitcoin Fraud Verdict Reveals $1M Loss
Daniel Chartraw convicted for $1M fraud linked to Crypto-Pal and TDA Global, facing up to 20 years in prison and $250K fines per count. #Breaking #Legal
CFTC Bans Ex-Celsius CEO Mashinsky
Alexander Mashinsky, ex-CEO of @Celsius, faces a ban from the U.S. Commodity Futures Trading Commission following his guilty plea to fraud, adding to his 12-year prison sentence. #Update #Legal $CEL
Blockchain Recovers $15.1M in Scam Bust
Ghana’s EOCO and the UK’s NCA seized $15.1M in crypto from a transnational fraud ring using Chainalysis data, marking a significant cross-border law enforcement success. Legal
Bitcoin Rodney Guilty in $1.8B Scam
Rodney Burton, aka “Bitcoin Rodney,” pleads guilty to promoting @HyperFund’s $1.8B crypto fraud scheme; faces up to five years in prison. #Breaking #Legal