Fraud

 An electrician from Military Engineering Services of Jodhpur was arrested by the Telangana Cyber Security Bureau (TGCSB) for conning a Karimnagar man of ₹1.58 lakh in a crypto trading fraud. The man was brought to Karimnagar on a…

Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax…

Cryptocurrency use in Turkey started to increase rapidly after 2020 as a defence against a deep slide in the value of the lira. ADVERTISEMENTTurkey’s biggest cryptocurrency market BtcTurk said in an announcement on Saturday…

Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud after allegedly deceiving more than a dozen victims into investing in nonexistent ventures, including fraudulent cryptocurrency schemes.“Sfraga convinced a…

The Cyber Crime Unit of Odisha's Crime Branch arrested three individuals on Wednesday for their involvement in a cryptocurrency investment scam. The accused, identified as Sumit Kumar Das, Amiya Ranjan Satpathy (directors of PayInc, a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A British-Chinese woman has gone on trial for laundering bitcoin derived from a £5bn fraud in China committed by…

The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of…

The Metropolitan Police revealed the seizure of over 60,000 BTC from a significant Chinese investment scam scheme. A seizure that occurred back in 2018 was disclosed for the first time during a court hearing in London on Jan. 30,…

The Identity Theft Resource Center's 2022 predictions show a shift from identity theft to identity fraud as cybercriminals continue to refine who they target, what information they steal and what they do with it SAN…

India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank…