A former top executive at the collapsed cryptocurrency lender Celsius has been sentenced to time served after pleading guilty to fraud and conspiracy charges. Roni Cohen-Pavon, who served as the company’s chief revenue officer, received the sentence from Judge John Koeltl in the U.S. District Court for the Southern District of New York on Wednesday. […]
New York forces Uphold to pay $5M over fraudulent crypto investment scheme. The settlement stems from the platform’s promotion of CredEarn, a product that misled users about its safety and returns. Uphold Settlement: $5 Million for Misleading Crypto Investors New York Attorney General Letitia James secured a $5 million settlement from Uphold on May 3, […]
A federal judge in the District of Columbia sentenced a man to 70 months in prison on April 25, 2026, for his role in a massive $263 million fraud scheme. The US Department of Justice (DOJ) announced the sentencing, marking a significant step in dismantling the criminal group. The defendant, whose name was not disclosed […]
Leaked documents reveal a North Korean cyber unit generated over $1 million per month by infiltrating the global remote work market. A counterhacker compromised their systems, exposing a sprawling operation that combined IT job fraud with attempts to hack cryptocurrency projects. The data, shared by blockchain investigator ZachXBT on April 9, 2026, shows the group’s […]
Cambodian lawmakers have taken a decisive step against organized cryptocurrency fraud, passing legislation that mandates severe prison sentences for operators of scam compounds. The bill, approved by the Senate on April 1, 2026, signals a dramatic policy shift for a nation previously criticized for inaction. It proposes prison terms of two to five years and […]
In a major cross-border law enforcement operation, alleged financial crime kingpin Li Xiong has been handed over to Chinese authorities. The extradition from Cambodia on April 1, 2026, marks a critical development in a sprawling investigation into a crypto laundering network linked to billions in fraud. Alleged Huione Money Laundering Boss Captured According to a […]
Prediction markets signal dwindling hope for a Sam Bankman-Fried pardon this year, with odds falling further after his parents’ public defense of the convicted FTX founder on CNN. As of March 2026, the likelihood of a presidential pardon for the former crypto executive sits below 12%, according to major U.S. prediction platforms. This decline follows […]
The United Kingdom has launched decisive sanctions against a massive Chinese-language cryptocurrency marketplace, targeting what authorities describe as a $20 billion scam operation by severing its connections to legitimate financial networks. Announced on March 26, 2026, these measures represent one of the most significant coordinated actions against cryptocurrency-enabled fraud in recent years, specifically aiming to […]
A magistrate court in Thane, India, delivered a significant ruling on March 23, 2026, granting bail to CoinDCX co-founders Sumit Gupta and Niraj Khandelwal while explicitly stating that no prima facie case exists against them in a 71 lakh rupee ($75,000) impersonation fraud complaint. CoinDCX Founders Receive Court Bail in Impersonation Case The Thane court’s […]
Federal prosecutors in Boston have moved to seize $3.44 million in digital assets linked to a sophisticated cryptocurrency fraud that began with a simple, deceptive text message. This case, initiated in late 2024, highlights how modern financial criminals increasingly exploit human psychology rather than technical vulnerabilities. Authorities traced the funds after victims across multiple U.S. […]
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