Tagged: scams

October 8, 2026 @ 11:41 am By Omar Faridi  |  

A federal judge in Los Angeles has sentenced Adam Iza, the 26-year-old self-described cryptocurrency figure who called himself “The Godfather,” to 78 months in prison and ordered him to pay $23,402,766 in restitution after he admitted using money from a large Meta (NASDAQ: META) advertising… Read More

October 6, 2026 @ 10:56 pm By Omar Faridi  |  

Greek authorities have reportedly taken down a suspected cryptocurrency pyramid that investigators say pulled in roughly eight to nine million dollars by telling participants their deposits would double in about fifty days. Officers from the Katerini Crime Prosecution and Investigation Sub-Directorate led a months-long inquiry… Read More

October 4, 2026 @ 3:52 pm By Omar Faridi  |  

On Thursday, October 2, 2026, attackers briefly seized Microsoft’s (NASDAQ: MSFT) official account on X and used the company’s enormous audience to push a speculative token built around Clippy, the long-retired Office paperclip assistant. The @Microsoft profile, which has more than 13 million followers, was under… Read More

October 1, 2026 @ 11:52 pm By Omar Faridi  |  

Fraudsters drained more than 766 ETH—valued by the community at roughly $2 million—by launching a counterfeit Ethereum Layer 2 that posed as GIWA before the real network ever went live. GIWA is an OP Stack project from Dunamu, the operator of South Korea’s Upbit exchange…. Read More

October 1, 2026 @ 3:26 am By Omar Faridi  |  

Investors who lost money in a long-running fake cryptocurrency scheme have taken a meaningful step toward partial reimbursement after a London court issued confiscation orders against the two men already serving prison sentences for the crime. Southwark Crown Court directed Raymondip Bedi to pay £603,404.28… Read More

September 30, 2026 @ 5:29 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has accused four overseas-linked entities of running two overlapping “investment confidence” schemes that used WhatsApp, social media, and fake regulatory credentials to take more than $15 million from retail investors. On September 29, 2026, the agency filed two… Read More

September 30, 2026 @ 1:35 pm By Omar Faridi  |  

Federal prosecutors in Massachusetts have opened a civil forfeiture case aimed at recovering digital assets they say are connected to a 2023 account takeover that drained 33.7 bitcoin from a single Coinbase (NASDAQ:COIN) login. According to court papers, a beneficiary of a Massachusetts family trust… Read More

September 26, 2026 @ 11:36 am By Omar Faridi  |  

Federal prosecutors in Missouri have accused a Vietnamese national of helping move digital assets stolen in a large-scale cryptocurrency confidence fraud, a case that highlights how quickly stolen coins can be shuffled off public ledgers. Trung Nguyen Van, 37, faces two money-laundering counts in the… Read More

September 21, 2026 @ 8:57 am By Omar Faridi  |  

French data breaches have coincided with a noticeable increase in phone-based cryptocurrency fraud, according to entrepreneur Owen Simonin, better known as Hasheur. The founder and chief executive of the French platform Meria says he has received multiple reports in recent days of callers posing as… Read More

September 10, 2026 @ 2:13 am By Omar Faridi  |  

Iran-linked cyber spies have been approaching technology specialists in aviation, aerospace and financial services with fabricated job opportunities that conceal previously unseen malware, according to recent findings from Kaspersky. The cluster, which the Russian firm tracks as Mirage Kitten, has focused on developers and other… Read More

September 9, 2026 @ 3:04 am By Omar Faridi  |  

US and UK based investigators have opened a new chapter in the fight against industrial-scale cryptocurrency fraud. On September 3, 2026, officials from both countries signed a first-of-its-kind memorandum of understanding that commits them to pursue the overseas compounds behind investment and romance scams that… Read More

September 4, 2026 @ 1:36 pm By Omar Faridi  |  

US Treasury officials have documented a sprawling pattern of suspected cryptocurrency investment fraud, linking roughly $13 billion in reported financial activity to international scam networks that prey on people across the United States. The finding, released on September 3, 2026, comes from the Financial Crimes… Read More

August 18, 2026 @ 6:02 pm By Omar Faridi  |  

Australia’s corporate regulator has issued a strong alert about the growing misuse of generative artificial intelligence to construct elaborate webs of fake online content designed to lure people into fraudulent investment schemes. The Australian Securities and Investments Commission (ASIC) reports a sharp increase in scams… Read More

August 15, 2026 @ 6:40 pm By Omar Faridi  |  

Arizona residents who fell prey to cryptocurrency ATM scams have begun reclaiming their funds thanks to a state consumer protection measure. Attorney General Kris Mayes recently revealed that her office has assisted 35 individuals in securing complete reimbursements amounting to $171,332. These recoveries stem from… Read More

August 4, 2026 @ 3:36 am By Omar Faridi  |  

Hong Kong authorities have highlighted a major online romance fraud in which a middle-aged insurance professional lost more than HK$26 million (approximately US$3.3 million) after being drawn into a scheme centered on a bogus cryptocurrency trading application. According to police figures released via the force’s… Read More

July 27, 2026 @ 8:14 am By Omar Faridi  |  

Elliptic has noted that Crypto ATMs, often called Bitcoin ATMs because of the cryptocurrency’s dominance, provide a straightforward way for people to convert physical cash into digital assets. While these machines serve legitimate customers, they have also become a favored tool for fraudsters. Scams typically… Read More

July 24, 2026 @ 3:55 pm By Omar Faridi  |  

The official X account belonging to Robinhood Markets (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev was reportedly taken over and used to promote a newly created memecoin known as Vladhood, or $VLAD. The unauthorized post framed the token as the official mascot of Robinhood Chain… Read More

July 23, 2026 @ 6:23 am By Omar Faridi  |  

The latest insights from UK Finance underscore a persistent and evolving challenge in the fight against financial crime. Despite consant efforts by banks and financial institutions to block illicit activities, fraudsters are demonstrating greater sophistication, leading to rising losses and a notable change in tactics…. Read More

July 7, 2026 @ 6:23 am By Omar Faridi  |  

The United Kingdom’s Payment Systems Regulator (PSR) has announced that its mandatory reimbursement rules for authorised push payment (APP) fraud are producing clear overall benefits for consumers and the wider payments sector. Authorized push payment scams occur when individuals are tricked into authorizing transfers directly… Read More

June 25, 2026 @ 2:22 am By Omar Faridi  |  

Starling Bank has launched a new artificial intelligence tool designed to help customers identify and avoid romance scams, investment fraud, and deepfake phishing attempts. The Scam Intelligence AI-agent, now integrated into the bank’s Starling Assistant, became available to its five million customers on 24 June… Read More