Tag
CRYPTOSCAM
Crypto investment scam: EFCC arrests 792 suspects, including 148 Chinese trainers in sting operation
A sting operation by the officers of the Economic and Financial Crimes Commission, EFCC, has led to the arrest of 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scams.
India’s largest exchange WazirX has been probed by Indian authorities over the hack that led to the loss of $235 million in customer funds on their platform.
Evan Frederick Light, a 21-year-old US citizen is looking at 20 years behind bars after fleecing $37 million worth of crypto from an investment company located in Sioux Falls, Dakota.
Men of the Federal Bureau of Investigation (FBI) have seized $6 million worth of crypto assets from Southeast Asian scammers who were defrauding Americans with confidence investment schemes.
The US department of Justice has seized three crypto domains linked to crypto exchanges accused of facilitating the laundering of over $800 million for Russian entities.
Binance, the largest crypto exchange in the industry has helped Indian authorities trace $47.6 million from a trending game project which scammed its players.
William Koo Ichioka has been ordered by Judge Vince Chhabria of the U.S. District Court for the Northern District of California to pay $36 million to his clients and victims after been accused of misappropriating investor funds.