Two managers of a now-defunct crypto trading platform, OmegaPro, have been arrested in Istanbul. Robert Velghe, a Dutch executive, was arrested on Tuesday, following the arrest of Andreas Szakacs, a Swedish founder, in July. Turkish media reported that the managers are accused of making off ...

This week in crypto news, there's a mix of warnings, priorities, and a focus on resilience. Beware of Bitcoin ATMs Consumers are being warned against depositing cash into Bitcoin ATMs due to a rise in fraud. It's always best to be extra cautious when dealing with cryptocurrency transactions, ...

Getting scammed is a major bummer, but getting scammed *again* while trying to recover your losses? That's a whole other level of 😭. Unfortunately, it's a common tactic used by fraudsters known as a **fraud recovery scam**. Here's how it works: you're contacted by someone claiming to be able ...

The Federal Trade Commission (FTC) has issued a warning about a surge in Bitcoin ATM scams, with reported losses exceeding $65 million in the first six months of 2024. This trend, if it continues, will surpass the $114 million lost in 2023, almost double the amount from 2022. How It Works The ...

In a recent crackdown on crypto fraud, Hong Kong police have arrested four individuals, including a 14-year-old boy, for allegedly using counterfeit banknotes to defraud victims. This brings the total number of people detained in similar cases since October 2022 to 14, with total losses amounting ...

The Brant County Ontario Provincial Police (OPP) is warning the public about a recent romance scam that resulted in a significant financial loss for the victim. The victim met someone online in April 2024 through a popular dating app and, after a few weeks of chatting, was convinced to switch to ...

It's sad but true: scammers are increasingly targeting seniors with sophisticated schemes, and crypto is often a favorite tool. In 2023, the FBI reported seniors lost a whopping $3.4 billion to these scams, a 11% increase from the previous year. But there's good news! Resources are available ...

The Nigerian Police Force has arrested popular crypto stakeholder Linus Williams, known as BLord, over alleged fraud-related activities. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, confirmed the arrest, stating that the investigation is ongoing. The Allegations The investigation ...

The fallen crypto giant FTX has reached a settlement with the Commodity Futures Trading Commission (CFTC), agreeing to pay a hefty $12.7 billion to resolve the lawsuit. Court documents reveal that the restructured company will pay a $4 billion disgorgement fee and an additional $8.7 billion in ...

The Ontario Provincial Police (OPP) is warning the public about a recent investment scam involving fake cryptocurrency. Victims are losing significant amounts of money, with some reporting losses exceeding hundreds of thousands of dollars. Don't Fall for the Scam! Investigators are urging the ...