Crypto Theft Task Force Launches in US
A bipartisan U.S. House bill proposes a Federal Cryptocurrency Theft Task Force led by the Attorney General to combat crypto theft, backed by Representatives Lance Gooden and Josh Gottheimer. #Update #Crypto
Fraud
Crypto Fraud Fighters Unite in Kazakhstan
@AMLBot, Kazakhstan’s Ministry of Internal Affairs, and @Stop-piramida.kz have signed a memorandum to combat cryptocurrency fraud, streamlining victim complaints and asset freezing. #Update #Crypto $BTC
SEC Halts Texas Crypto Pyramid Scheme
Texas State Securities Board issues emergency cease and desist against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd for alleged crypto pyramid scheme promising millionaire earnings. #Breaking #Legal
SEC Convicts Citron’s Left of Fraud
Andrew Left of @CitronResearch was convicted on 13 securities fraud counts, facing up to 25 years in prison; he plans to appeal. #Breaking #Legal
SEC Sues Privvy Founder Over $12.3M Scheme
The SEC accuses Nathan Fuller of a $12.3M crypto scheme using fake AI bots, with only $380K buying crypto and $6.2M misappropriated. #Breaking #Legal @SECGov
SEC Charges Texas Man in $12.3M Crypto Fraud
Nathan Fuller charged by the SEC for a $12.3M crypto fraud, promising 40-50% returns but misappropriating $6.2M. The SEC seeks permanent injunctions and restitution. #Breaking #Legal $BTC
Bitcoin Scandal: CJ Ujah in Court
Olympian CJ Ujah and nine others charged in UK court for a $403,500 cryptocurrency fraud scheme; next hearing at Chelmsford Crown Court on July 24. Legal
Crypto Fraud Trial Bail Revoked Namibia
Six Chinese nationals fled Namibia amid human trafficking and crypto fraud charges, prompting Interpol involvement. Raylon Investments scam victims lost $267,800. #Breaking #Legal
USDT Fuels $442 Billion Telegram Fraud Economy
Telegram and USDT from Tether are linked to a global fraud ecosystem projected to cause $442 billion in losses by 2025, necessitating regulatory action against these platforms. #Update #Crypto $USDT
Bitcoin Wallet Transfers Anchor $13M Fraud
DOJ indicts two in $13M crypto fraud using support impersonation; victims’ wallets accessed and funds laundered for luxury spending. #Breaking #Legal @TheJusticeDept
China Launches Anti-Pig Butchering Operation
In Dubai, a U.S., UAE, and China coalition dismantled nine pig butchering scam centers, arresting 276 suspects. These scams cost $75B globally since 2020. #Breaking #Legal
Bitcoin Liquidators Handle 9441 Claims Crisis
Liquidators of Mirror Trading International face $395M in claims with only $35.8M remaining; FXChoice froze 1,281 Bitcoins aiding recovery. #Update #Legal
Crypto Fraud Charges Target Canadian Immigrant
U.S. authorities charged Canadian Trenton Richard David Johnston and Brandon Michael Tardibon with a $13M crypto fraud scheme, facing up to 30 years in prison for money laundering. #Breaking #Legal $BTC
FBI Ties $250M Crypto Heists to Burglaries
Marlon Ferro sentenced to 78 months for $250M crypto theft targeting U.S. holders; FBI and IRS-CI involved in asset recovery. #Breaking #Legal