The US Federal Bureau of Investigation is looking to speak to those investors burned by what has perhaps become the best known scam in cryptocurrency history, Bitconnect. The word Bitconnect is now synonymous with scams targeting the cryptocurrency community. It was not only one of the more brazen efforts but also one of the most…
In a recent crypto investigation, the US FBI successfully infiltrated a group of Indian citizens suspected of engaging in illicit activities involving the exchange of cryptocurrency for over $15 million in cash. The alleged transactions took place at various locations in Westchester County, with the group catering to customers seeking anonymity for their activities. Crypto…
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-Fried is facing extradition by the FBI, according to the latest reports. Already on Monday, it was revealed that the U.S. Department of Justice…
An Indian teenager is in hot water after threatening to carry out a deadly attack on a U.S. international airport after he failed to receive support from the FBI in relation to an alleged Bitcoin scam. Bitcoin Scam Leads to Volatile Situation at Miami Airport Bitcoin’s price may be experiencing an extreme lack of volatility,…
Marshall Islands-based 1Broker has been in a flurry as of late, as the crypto-focused investment services provider came under heavy fire from the top guns of the free world, American regulators and their closest compatriots. 1Broker Sees Court Case Develop, Positive Signs As reported by NewsBTC on September 28th, 1Broker, a foreign crypto startup, was unexpectedly…
What does a OneLife-produced event look like? Is the organization that supports the OneCoin community competent enough to produce a beauty pageant? The answer to those questions might surprise you. For this fourth episode, Jamie Bartlett and Georgia Catt go into the lion’s den. They travel to Bucharest, Romania, and witness the Miss OneLife coronation.…
The U.S. Attorney for the Northern District of Texas has announced that the CEO of AriseBank was arrested by the FBI on Wednesday over more than $4 million crypto-related fraud. AriseBank CEO Jared Rice Faces up to 120 Years in Federal Prison, Says U.S. Attorney Jared Rice, a 30-year old resident from Dallas, Texas, allegedly…
As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat cyber threats, hacks, and frauds that affect the industry. However, the nascent sector is far from the only one suffering…
In a groundbreaking move, the FBI created its own cryptocurrency token, NexFundAI, to infiltrate and expose fraudulent actors within the crypto market. The undercover operation, codenamed “Operation Token Mirrors,” has culminated in U.S. prosecutors charging 18 individuals and entities, including four major crypto firms—Gotbit, ZM Quant, CLS Global, and MyTrade—for alleged market manipulation and fraudulent…
In a groundbreaking move, the FBI created its own cryptocurrency token, NexFundAI, to infiltrate and expose fraudulent actors within the crypto market. The undercover operation, codenamed “Operation Token Mirrors,” culminated in U.S. prosecutors charging 18 individuals and entities, including four major crypto firms—Gotbit, ZM Quant, CLS Global, and MyTrade—for alleged market manipulation and fraudulent trading…