The United States’ Securities and Exchange Commission has charged Tai Mo Shan Ltd., a subsidiary of Jump Crypto Holdings, in connection with the 2022 collapse of Terra’s algorithmic stablecoin, terrausd (UST). In a settlement announced recently, Tai Mo Shan...
A federal jury in Virginia has found Mohammed Azharuddin Chhipa of Springfield guilty of conspiring to provide material support to ISIS. Prosecutors disclosed that between October 2019 and October 2022, Chhipa raised over $185,000 in cryptocurrency to support a...
Nigeria's Economic and Financial Crimes Commission (EFCC) has apprehended 792 individuals for alleged involvement in a widespread cryptocurrency romance scam. According to a report by Reuters, On December 10, authorities raided a building in Lagos believed to be a...
New Zealand’s top financial regulator, the Financial Markets Authority (FMA) has issued a warning about a new crypto investment scam targeting the country’s citizens. According to the regulator, the scam is promoted through YouTube channels that offer fake crypto...
A cyber attack on hip-hop icon Drake's X account this weekend has reignited concerns about the growing trend of celebrity account hacks used to promote fraudulent cryptocurrency schemes. The breach exploited the star’s massive social media following to push...
XRP, the native token of the XRP Ledger, has been in the spotlight following an unprecedented price rally and a series of groundbreaking developments that promise to shape its trajectory in 2025. Climbing to a seven-year high of $2.90...
The rise of crypto scams on X has reached alarming levels, with impersonation accounts surging to over 300 daily, marking an 87% increase from the November average of 160, according to blockchain analysts. On December 10, Scam Sniffer, a...
The UK Court of Appeal has definitively dismissed Craig Wright’s latest attempt to assert himself as the creator of Bitcoin. The ruling, delivered on November 28, reaffirmed an earlier decision by the High Court, which found Wright’s evidence insufficient...
The Eurasian Group on Combating Money Laundering (EAG) has raised alarms over increasingly sophisticated money laundering operations in 2024, driven by the growing use of cryptocurrencies and multi-layered schemes. According to a report by Russia’s state-run news agency, the EAG,...
According to Bloomberg, a former executive at Binance has filed a lawsuit in the UK against the crypto exchange, alleging wrongful dismissal after she reported a colleague’s alleged attempt to solicit a bribe from a customer. Amrita Srivastava, a...
