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Tag: cryptocurrency fraud

Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme

US DEPARTMENT OF JUSTICE, NOV. 21 — Two Estonian citizens were arrested in Tallinn, Estonia, yesterday on an 18-count indictment for their alleged involvement in...

‘CryptoRom’ Crypto Scam Abusing iPhone Features to Target Mobile Users

Social engineering attacks leveraging a combination of romantic lures and cryptocurrency fraud have been deceiving unsuspecting victims into installing fake apps by taking advantage of legitimate iOS features like TestFlight and Web Clips. Cybersecurity company Sophos, which has named the organized crime campaign "CryptoRom," characterized it as a wide-ranging global scam. "This style of

US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice […]

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