Trust Wallet Warns of Scam Clones on Xiaomi, Amazon websites
As Trust Wallet warns against Xiaomi and Amazon store scams, users should only download apps from trusted sources. Users of Trust Wallet, a cryptocurrency wallet endorsed by Binance, have been warned about potentially fraudulent versions of the program available on the Xiaomi and Amazon stores. The business stated it has already filed requests to have […]
HKMA Warns Public of Unregulated ‘Kucoin’ Exchange
Hong Kong has warned against “Kucoin,” an unregulated cryptocurrency exchange that demands money to unlock restricted accounts. The public has been made aware of purported fraudulent activities by a cryptocurrency exchange that is posing as HKMA-regulated, according to a notice released by the HKMA. The HKMA identified the digital currency platform “Kucoin” as falsely claiming […]
Sky Mavis Recovers $5.7M from Ronin Bridge Hack of 2022
Axie Infinity creator Sky Mavis disclosed it has successfully recovered $5.7 million from the infamous Ronin Bridge hack of 2022 with the support of Norwegian authorities. Norway’s central unit for combating economic and environmental crimes, “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge breach on June 7, according to Sky Mavis. […]
NYAG Sues 2 Firms For $1B Crypto Fraud
Letitia James, the New York Attorney General (NYAG), has filed a lawsuit against two firms for orchestrating a billion-dollar pyramid scheme in a significant crackdown on crypto frauds. Letitia James has initiated legal proceedings against AWS Mining and NovaTech, alleging they are participating in substantial cryptocurrency fraud. The lawsuit alleges that the firms and their […]
Forcount Ponzi Promoter Pleads Guilty to Wire Fraud Conspiracy
One of the top promoters of the Forcount crypto Ponzi scheme, Juan Tacuri, has pleaded guilty to a conspiracy to commit wire fraud charge in New York. The United States Attorney’s Office in the Southern District of New York stated on June 5 that Juan Tacuri was the driving force behind the “Ponzi” scheme, which […]