South Korean police reopen Bithumb’s fraud investigation case
No government is taking fraud cases involving cryptocurrency with levity, in this light, the South Korean police have reopened crypto exchange Bithumb’s fraud case. It appears that Bithumb’s problems aren’t going to go away anytime soon! The Bithumb fraud case involving the former chairman of the exchange was reopened by South Korean police on Monday, […]
Former investment banker jailed for fraud secures employment in a crypto firm
According to a media story, a former investment banker who was jailed for Britain’s largest attempted cash fraud has been released and is been employed in a cryptocurrency firm under a new name. According to a media report, Jagmeet Channa, who was convicted of mishandling accounts while working at HSBC’s Canary Wharf headquarters, now works […]
Alleged masterminds behind $55M ‘AI-led‘ crypto scam arrested by the police
The Japanese police have arrested Four men in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in thousands of Japanese investors and also scammed them in the end. Four individuals have reportedly been arrested in Japan’s Aichi Prefecture for allegedly conducting a fraudulent crypto investment scheme that promised investors profits based on […]
Fake apps scam unsuspecting victims of Bitcoin and Ethereum
Fake apps BitScam and CloudScam have defrauded users of money worth over $350,000, this was revealed by a security research firm that found illicit crypto apps targeting thousands of people. Over 170 apps were found by security researchers at the Lookout Threat Lab, which is estimated to have defrauded over 93,000 people. These apps were […]
Bithumb’s top executives have been charged with fraud in Hong Kong
Top executives and even the exchange owner of Bithumb Hong Kong were indicted with fraud charges. The lawsuit will be filed by Bithumb’s former Thai partner for breach of contract. Bithumb’s Hong Kong subsidiaries are being sued for breach of contract, and top officials, including the exchange’s owner, have been charged with fraud. Criminal charges […]