Crypto ScamsSpanish National Court has remanded a man in custody who was wanted in Germany for defrauding victims of approximately €100,000 through fake cryptocurrency investments between 2020 and 2021. The suspect operated a fraudulent crypto platform offering weekly returns of 0.5-3% that never materialized, and victims were unable to recover their investments or obtain promised profits.
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Crypto ScamsIndividuals allegedly connected to the KOK Coin Ponzi scheme that defrauded approximately 570,000 people of over 2.5 trillion yen are reportedly working at crypto firm Bitoz. Questions have been raised about the company's involvement in stablecoin initiatives with major financial institutions.
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Crypto ScamsIndonesia's National Police (Polri) is urging the public to remain vigilant against the rising spread of online gambling and digital fraud schemes manipulating various cyber channels. The initiative emphasizes public awareness and active participation in identifying illegal gambling operations, with warnings about false promises of quick profits that often lead to financial crises and broken families.
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Crypto ScamsTurkish authorities seized 9 vehicles registered under the wife's name of a US citizen arrested for cryptocurrency fraud in Istanbul. The suspect is accused of conducting approximately $1 billion in cryptocurrency fraud across the United States and Finland and was subject to an INTERPOL red notice.
Read more →Crypto ScamsIstanbul police arrested Richard James Schueller, an Interpol Red Notice fugitive wanted for high-value cryptocurrency fraud, on October 14. Following the arrest, three associates assisting the suspect were apprehended. Simultaneous raids at 15 locations yielded $7.15 million and 160,000 Turkish lira in cash, cryptocurrency wallets, firearms, and various digital devices.
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Crypto ScamsBrooklyn prosecutors and the FBI have dismantled a major cryptocurrency investment fraud network targeting Russian-speaking victims. Following a three-year investigation, authorities seized 241 websites and 112 servers based in Ukraine and Eastern Europe. The scam used Facebook ads to lure victims into buying cryptocurrency and transferring it to fraudulent trading platforms, then demanded additional fees when victims attempted withdrawals.
Read more →Crypto ScamsTurkish authorities arrested Richard James Schueller, an international fugitive wanted by Interpol for cryptocurrency fraud. The suspect, nicknamed 'Whale James,' was apprehended in Istanbul following joint operations by Turkish intelligence and police. Authorities seized significant amounts of cash, electronics, and weapons during the raid.
Read more →Crypto ScamsA 36-year-old US cybersecurity consultant was convicted of stealing over $50 million in cryptocurrency from the Uranium Finance exchange through exploitation of smart contract vulnerabilities. The stolen funds were used to purchase rare collectible cards, including Pokemon and Magic: The Gathering cards, as well as historical artifacts.
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Crypto ScamsA man wanted since 2022 for alleged cryptocurrency investment fraud in Argentina's Salta province has been arrested in Australia. He is accused of taking over $170,000 from victims for supposed crypto trading operations without returning the funds. He will be extradited to Argentina on October 15 following Interpol's international manhunt.
Read more →Crypto ScamsA 54-year-old American was sentenced to 18 months in prison and ordered to repay $8 million for running a sophisticated streaming fraud scheme using thousands of fake bot accounts to artificially boost plays on AI-generated music across multiple platforms since 2017.
Read more →Unknown cybercriminals compromised Microsoft's official X account with over 13 million followers and launched a cryptocurrency scam promoting a fake $Clippy token. The attackers posted false messages claiming the return of the Office assistant Clippy and made fraudulent apology statements. Microsoft's security team regained control of the account and removed all unauthorized posts within hours.
Read more →Crypto ScamsA woman in Forsyth County, Georgia lost $4,900 after receiving a phone call falsely claiming she missed jury duty and threatening arrest unless she paid via cryptocurrency ATM. The FBI reports over 13,400 complaints related to crypto ATM fraud in 2025, totaling more than $388 million in losses.
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Crypto ScamsRussian police are investigating a cryptocurrency investment scam that cost a 42-year-old Tambov woman over 5 million rubles. The victim was gradually lured into investment by an online acquaintance who demonstrated fake profits before convincing her to sell property and take out a loan, ultimately transferring all funds to a cryptocurrency wallet controlled by the scammer.
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Crypto ScamsA 32-year-old former customer service manager at China Construction Bank (Asia) in Hong Kong was sentenced to four years in prison for authenticating over $1.6 billion in forged letters of credit and accepting cryptocurrency bribes totaling $470,000 in Tether (USDT). The case highlights how criminal networks are increasingly using cryptocurrencies to conceal bribery payments.
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Crypto ScamsScammers in Venezuela are using counterfeit USDT tokens to trick merchants at point-of-sale. These cloned tokens appear in wallets but have zero actual value and are rejected by legitimate exchanges. Merchants can prevent losses by verifying contract addresses and confirming actual account balances before delivering goods.
Read more →Crypto ScamsTurkish authorities arrested 201 suspects in connection with an international fraud network operating fake cryptocurrency and forex trading platforms. The network targeted victims across Europe, Africa, and Asia through multilingual call centers, displaying false profits to encourage deposits and demanding additional fees to withdraw funds. Transactions totaling approximately $266.4 million were identified over two years.
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Crypto ScamsA sophisticated fraud scheme in Colombia converts PSE payments into USDT cryptocurrency without victims' knowledge, growing 15% in 2026. Scammers route legitimate purchases through multiple cryptocurrency accounts, making the money difficult to trace while victims remain unaware their funds have been converted to digital assets.
Read more →Scammers forged Uniswap-related ENS names and used fake arbitrage trading bots to steal over $500,000 from cryptocurrency users. The fraudulent scheme exploited users seeking automated trading solutions.
Read more →Crypto ScamsA 70-year-old pensioner in Yugra, Russia, fell victim to a cryptocurrency investment scam after encountering a job advertisement on a messaging application. Fraudsters posing as cryptocurrency consultants convinced her to make repeated transfers to unknown accounts, resulting in 75 transactions totaling approximately 980,000 rubles in losses. Law enforcement has opened a criminal investigation.
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Crypto ScamsOrionX, a Chilean cryptocurrency exchange founded in 2017, ceased operations in September 2025 after a forensic audit by Deloitte uncovered approximately US$7 million in unaccounted customer assets. The company filed criminal charges against two co-founders, alleging unauthorized asset transfers, while the accused founders claim accounting system errors. The case highlights risks of unlicensed crypto platforms operating without proper corporate governance.
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