Faster global financial news!
Fraud
-
FBI: Victims of the OneCoin scam can apply for compensation by June 30
Svmuu News: The Federal Bureau of Investigation (FBI) is reminding victims of the OneCoin international cryptocurrency investment scam that they can apply for compensation through a special program ad
-
Coinbase Assisted the Brooklyn District Attorney's Office in New York in cracking down on identity theft fraud cases involving approximately $16 million
Svmuu News Coinbase The company issued an official statement indicating that it is cooperating with the Brooklyn District Attorney’s Office in New York to assist in the investigation of a long-running
-
U.S. Department of Justice Seizes Huiwang Accounts Suspected of Money Laundering Involving Billions of Dollars
Svmuu News: The U.S. Department of Justice announced the seizure of an account that provided back-end infrastructure for a subsidiary of Cambodia’s Huiwang Group. Prosecutors stated that the account h
-
A South Korean court has ordered Cross Finance to pay Coinone approximately $234,000 in damages.
Svmuu News: The Seoul Southern District Court in South Korea has ruled that the online investment firm Cross Finance must pay approximately $234,000 in damages to the cryptocurrency exchange Coinone.
-
ZachXBT: Wallet Linked to HashFlare Scam Transfers $18.5 Million in ETH After 3.5 Years of Inactivity
Svmuu News: According to ZachXBT’s monitoring, a wallet linked to the $575 million HashFlare investment scam transferred 10,600 ETH—worth approximately $18.5 million—about three hours ago, after remai
-
Hong Kong Police: Over 2,000 People Arrested for Fraud and Money Laundering in the First Quarter of This Year; 70 Percent of Cases Involved “Straw Accounts”
Svmuu News: The Financial Intelligence and Investigation Bureau of the Hong Kong Police Force, in collaboration with the Hong Kong Monetary Authority and the Hong Kong Association of Banks, jointly or
-
ZachXBT: Indian fraud ring suspected of stealing cryptocurrency through social engineering and “falsely reporting the crime to the police” to track down and freeze funds
Svmuu News: “On-chain detective” ZachXBT released a case analysis noting that in a crypto asset case involving an Indian fraud ring, the individuals involved actually “reported the case themselves” to
-
Caixin: A Female Cryptocurrency Tycoon from China Was Defrauded of Over 60 Million Yuan in the U.S.
Svmuu reports that a Chinese female crypto tycoon in the US fell victim to an investment scam, suffering losses of over USD 9.4 million (approximately RMB 60 million). The report states that the victi
-
60-year-old woman poses as a 20-year-old girl in online romance, defrauding a young man of over 200,000 yuan for virtual currency investment that ended in total loss
SvmuuNews Recently, the Haidian District Court ruled on a fraud case. Retiree Meng, addicted to virtual currency trading and unwilling to use her own pension, pretended to be a young woman named Xiaoh
-
Man from Washington State, USA, sentenced to 5 years for aiding in money laundering of nearly $100 million in cryptocurrency
Svmuureports that the U.S. Department of Justice stated in a press release that a 47-year-old resident of Newcastle, Washington, Geoffrey K. Auyeung, has been sentenced to 5 years in prison for conspi
-
Argentine authorities arrested 24 people and seized over $50 million in crypto assets
Svmuu: Argentine authorities arrested 24 people and seized over $50 million in crypto assets during a nationwide crackdown on suspected investment fraud. (Cointelegraph)
-
SEC Charges Privvy Founder with $12.3 Million Crypto Investment Fraud
Svmuu The U.S. Securities and Exchange Commission (SEC) has charged Privvy founder Nathan Fuller with a cryptocurrency investment fraud scheme involving $12.3 million. Nathan Fuller allegedly told inv
-
Singapore Police: Tampered Ledger Wallets Cost Users $2.7M, With First Cases Reported as Early as Sept. 10
Singapore Police: Tampered Ledger Wallets Cost Users $2.7M, With First Cases Reported as Early as Sept. 10
-
The HKMA clarifies: The aforementioned fraudulent agreements and lending projects have absolutely no relation to the HKMA
The Hong Kong Monetary Authority (HKMA) has issued a statement indicating that it has recently received numerous public inquiries regarding fraudulent "e-HKD" projects that deceive the public into sig
-
Lookonchain monitoring: Kimchi token plummets over 95% after Pumpfun co-founder Alon withdraws retweet, scammers profit over $385,000.
According to on-chain monitoring firm Lookonchain, after crypto trader @kimchi1x received 500 million Kimchi tokens and posted a related tweet, Pumpfun co-founder @a1lon9 retweeted it, causing the Kim
-
UAE-Led Anti-Scam Operation Identifies Over $39 Billion in Funds and Crypto
According to The Defiant, the UAE-led "Operation Confrontation Ghost" anti-scam operation has identified over $39 billion in funds and cryptocurrencies. The operation reported the arrest of more than
-
Upbit warns users against scams impersonating Dunamu's GIWA chain, stating that the L2 network is still in the testnet phase.
South Korean crypto exchange Upbit has issued an announcement warning users about recent scams impersonating the GIWA chain, an Ethereum Layer 2 network being developed by its parent company, Dunamu.
-
Trump touts crypto scam crackdown as DOJ reports $938 million restrained
Attorney General Todd Blanche described a nationwide scam prosecution initiative deploying dozens of prosecutors across all 94 US Attorneys’ Offices.
-
Scammers Exploit Ripple's RLUSD Bank Tests to Steal XRP by Spoofing Bank Names and Issuing Fake Tokens
Scammers are exploiting Ripple's RLUSD bank tests and Evernorth fund news to steal XRP by spoofing bank names and issuing fake tokens. XRPL Foundation contributor Vet_X0 warned that fraud networks are
-
Crypto firms including Binance and Coinbase participated in a West African scam crackdown, flagging over $11 million in funds for potential freezing.
Crypto companies like Binance and Coinbase collaborated with law enforcement in a crackdown on West African scam networks. During the operation, private sector partners flagged over $11 million in pot
-
Ripple CTO Emeritus David Schwartz Warns of Wallet Scam Posing as SecuX App Notification, Demanding Recovery Phrases
Ripple CTO Emeritus David Schwartz has issued a security warning after receiving a suspicious notification on an Android device, appearing to be from the SecuX wallet app. The notification claimed "Yo
-
Chainalysis: Task Scammer Loses Over 60 BTC Worth $4.8M in Ledger Wallet Theft
Chainalysis reported that a task scammer lost over 60 BTC, worth approximately $4.8 million, in a recent theft involving Ledger wallets. The funds originated from a task scam where victims were paid t
-
Crypto scammers stole tens of millions from Russian-speaking victims, then returned pretending to help recover their money
Prosecutors in Brooklyn disclosed on October 14 that an international enforcement operation disrupted 112 servers and 241 websites supporting a cryptocurrency investment scheme that allegedly stole te
-
Brooklyn DA's Office Busts Global Crypto Scam Network Worth Tens of Millions of Dollars
The Brooklyn District Attorney's Office, after years of effort, has successfully dismantled an Eastern European-centered transnational cryptocurrency fraud network. The scam had stolen tens of million
-
FBI Says Operation Blackout Has Seized About $17 Billion; West Africa Sweep Nets 28 Arrests
The FBI says its global Operation Blackout has seized roughly $17 billion to date. Separately, the U.S. Department of Justice said a coordinated enforcement week in West Africa produced 28 arrests, re
-
Ledger discloses that wallets sold by CryptoBilis had LTE spy chips implanted, which could expose recovery phrases, with estimated on-chain losses reaching $93.2 million.
Hardware wallet manufacturer Ledger updated its investigation on X on Tuesday, stating that some Ledger crypto wallet devices sold by Southeast Asian distributor CryptoBilis were implanted with covert
-
Investigation Reveals 58% Growth in Polygon Network USDT0 Holders Matches Scam Patterns
Blockchain analytics firm Bitquery released an investigation report on October 7, stating that 58% of the growth in the number of USDT0 holders on the Polygon network matches scam patterns such as add
-
China releases three-part documentary exposing 'pig butchering' scams
The Chinese government has released a two-hour, three-part documentary series designed to expose the public to the horrors of 'pig butchering' scams, particularly those originating from its southern b
-
Greek servicemen among 9 suspects in alleged $8M crypto pyramid scheme
Two Greek servicemen are among nine suspects accused of operating a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors of about $8 million, according to Decrypt. Police have a
-
Trezor Analyst: Fake Apps Trick Users into Revealing Seed Phrases
Trezor analyst Lucien Bourdon explains how fake wallet applications continue to deceive users into revealing their seed phrases, emphasizing that hardware wallet backups should never be typed into a c
-
The U.S. Securities and Exchange Commission (SEC) stated that hundreds of retail investors lost over $15 million in cryptocurrency and cash in a fraudulent AI stock trading scheme driven by WhatsApp groups.
The U.S. Securities and Exchange Commission (SEC) stated that hundreds of retail investors lost over $15 million in cryptocurrency and cash in a fraudulent AI stock trading scheme driven by WhatsApp g
-
Crypto Scammers Forge Upbit-Backed GIWA Blockchain, Steal Over $2 Million
Scammers created a fake version of the GIWA blockchain, tricking 1,333 wallets into depositing 767 Ethereum (worth approximately $2 million), which was then almost entirely stolen. The fake network im
-
Hong Kong Monetary Authority warns public of bank-related fraudulent websites, phishing emails, and scams
The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites, internet banking login screens, phishing emails, or other scams related to banks. The HKMA reminds that banks wil
-
Binance Issues Warning Over 'Address Poisoning' Crypto Scam
Binance has issued a warning about the 'address poisoning' crypto scam, which relies on lookalike wallet addresses and human error rather than hacking. Attackers send small transactions from fake addr
-
CFTC Sues Cash FX for Alleged $950 Million Crypto Forex Scam
The U.S. Commodity Futures Trading Commission (CFTC) has accused Cash FX Group of defrauding investors of $950 million through a cryptocurrency foreign exchange scam. The CFTC alleges that Cash FX con
-
YouTube channel "Mighty Mike Plays" has been accused of alleged fraud, with the father claiming his 9-year-old son spent $118,000 on ads, leading to the father's dismissal from his job.
The YouTube channel "Mighty Mike Plays" posted a video claiming that 9-year-old "Mighty Mike" spent $118,000 from his father Dave's company card on YouTube ads without permission, leading to Dave's di
-
MNEB Coin: Minereum BSC Project Risk Alert and Market Status Analysis
MNEB (Minereum BSC) is a "self-mining" concept token launched in 2021 on the Binance Smart Chain. However, the project has faced numerous scam allegations since 2021, with users reporting receiving "free" airdrops that they could not sell and being enticed to pay high "unlocking fees." Its market liquidity is extremely low, price data is highly inconsistent, and Binance has issued a warning. Given these significant risks, MNEB's long-term investment value is questionable.
-
Ethereum Hard Fork: A Guide to Preventing Common Scams and Protecting Your Assets
Ethereum hard forks are critical for protocol upgrades, but they are also a common opportunity exploited by scammers. This article will delve into the definition, historical cases, and future plans of Ethereum hard forks, with a focus on revealing common scam tactics during hard forks, such as fake fork coins, replay attacks, and phishing. Concurrently, it will provide a comprehensive asset protection strategy, including verifying official information, properly safeguarding private keys, choosing secure storage methods, and identifying high-risk signals, to help users safely navigate Ethereum network upgrades.
-
Can a Police Report Be Filed After Bitcoin Theft? Analysis of Individual Recovery Possibilities
After virtual currencies like Bitcoin are stolen, victims can report the crime to public security organs, and a case may be filed depending on the stolen amount and method. However, due to the decentralized and irreversible nature of cryptocurrency transactions, it is extremely difficult for individuals to recover stolen funds, often requiring assistance from professional institutions and law enforcement agencies.
-
EBpay Virtual Currency Platform Analysis and Risk Warning: Lack of Official Customer Service Phone Number
EBpay is a platform that claims to offer virtual currency trading and management services. Its core products include the fiat-pegged "EB" stablecoin and support for mainstream cryptocurrencies such as Bitcoin and Ethereum. However, multiple sources strongly indicate that EBpay and similar platforms are frequently used for illegal activities such as online gambling and money laundering. Users face severe risks, including judicial freezing of bank cards, misappropriation of account assets, and information leakage. No official customer service phone number for EBpay has been found in public records, and the platform lacks regulation and legal oversight, fundamentally differing from regulated cryptocurrency exchanges.
-
How to choose a virtual currency trading platform? Beware of fraud risks impersonating "Xiaomi Exchange"
Facing numerous virtual currency trading platforms, choosing a safe and reliable one is crucial. This article will reveal the truth about "Xiaomi Exchange" and provide key standards for selecting legitimate trading platforms, while also listing some mainstream platforms with good compliance records currently on the market, to help readers identify risks and make informed choices.
-
Is 150,000 RMB worth of Bitcoin a scam? Beware of trading traps far below market price
Regarding the question "Is 150,000 RMB for Bitcoin a scam?", given that the market price of Bitcoin as of August 10, 2026, is significantly higher than this, any offer to sell one Bitcoin for 150,000 RMB is highly likely to be a scam. This article will delve into the nature of Bitcoin, its legal status globally and in mainland China, and analyze the controversy surrounding its "Ponzi scheme" allegations. Concurrently, the article will reveal common types of cryptocurrency scams and provide practical prevention advice to help readers identify risks and avoid falling into traps.
-
Is ARI Coin Worth Holding for the Long Term? Distinguishing Between Different Projects and Potential Risks
When considering the long-term holding value of “ARI tokens,” it is important to distinguish between two main projects: AriChain (ARI) and ARI10 (ARI). The AriChain project shut down in June 2026 and has been accused of being a scam; its token has no holding value. ARI10, on the other hand, is an active project. As of July 19, 2026, its market capitalization was approximately $123,790, with a price of about $0.000268. Although ARI10 is still trading, its market capitalization is small and future price forecasts vary significantly. Investors should be fully aware of its high volatility and potential risks and conduct thorough due diligence.
-
“AKBitcoin” vs. the CXC Ponzi Scheme: Beware of Risk Traps in the Cryptocurrency Space
“AK Bitcoin” and the CXC Ponzi scheme are two different types of risks in the cryptocurrency space, but both are associated with fraud and potential financial losses. CXC is a typical Ponzi scheme that lures investors with high returns and a referral-based model, only to eventually collapse.Meanwhile, “Bitcoin” may refer to a scam exploiting the extremely low probability of a private key collision on Bitcoin, or it may be related to the marketing tactics of Ponzi schemes. This article will delve into these two concepts and caution investors to be vigilant against such risks.
-
What is USE? Is it reliable?
Specific information about “USE Coin” is unclear in the cryptocurrency space; this may be because the name overlaps with multiple concepts, or it may refer to a rare or defunct project. In the cryptocurrency world, there was an application called “Token” designed to reduce credit card fraud by generating virtual credit card numbers, but that service ceased operations in late 2019. Additionally, “Token” refers to an authentication mechanism in blockchain and cybersecurity, such as the TokenReview API in Kubernetes. Given the prevalence of scam projects in the cryptocurrency market, investors must conduct thorough due diligence when encountering a token named “USE Coin.”
Fraud
24H Trending
-
1
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
-
6
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
7
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
8
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
9
Global Business Forum Urges Business Leaders to Embrace AI and Rethink Strategies
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
