Australia Eyes New Crackdown on Crypto ATMs Amid Rising Scam Fears
Australia is moving to tighten its grip on the crypto industry, with new legislation that could give the country’s financial watchdog, AUSTRAC, sweeping powers to ban or restrict cryptocurrency ATMs deemed to pose high risks. The move comes as authorities raise alarm over the growing use of crypto ATMs in money laundering and scam operations […]
Scammer Poses as Senior UK Police Officer to Swindle $2.8 Million in Bitcoin
A North Wales resident has fallen victim to a sophisticated scam that cost them nearly $2.8 million in Bitcoin, after a fraudster impersonated a senior police officer in a calculated attempt to steal cryptocurrency. The scam began when the victim received a phone call from someone claiming to be a high-ranking officer with UK law […]
HashFlare Founders Get Time Served in $577M Crypto Ponzi Case
The two Estonian co-founders of the collapsed crypto-mining platform HashFlare have been sentenced to time served after being found guilty in a massive $577 million Ponzi scheme. Sergei Potapenko and Ivan Turõgin, both 39, have already spent 16 months in custody in the United States, which the court ruled was sufficient punishment. U.S. District Judge […]
Crypto Conman Pleads Guilty in $13M Crypto Ponzi Scheme
Vincent Anthony Mazzotta Jr., the man at the heart of a $13 million cryptocurrency Ponzi scheme , has pleaded guilty to multiple federal charges, including money laundering and obstruction of justice. The 54-year-old played a role in a complex fraud that ran from 2017 to 2023, convincing investors to hand over large sums of money […]
XRP Lawyer Uses X Comm Notes Against SEC Scam Warning
XRP lawyer Fred Rispoli criticized the SEC on X due to his warnings about crypto scams, emphasizing the ongoing tensions with crypto firms. Fred Rispoli, an XRP lawyer, has reacted strongly to a recent post by the U.S. Securities and Exchange Commission (SEC) regarding X (formerly Twitter). The Securities and Exchange Commission (SEC) reiterated its […]