South Korea has sentenced Delio CEO Jeong to 15 years in prison over a crypto fraud case tied to about $50 million and more than 1,100 victims. The ruling underscores how harshly the country is treating centralized yield scams that end in frozen withdrawals and broken trust.
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Delio CEO Jeong Sang-ho was sentenced to 15 years in prison as South Korea kept cracking down on crypto platform misconduct. A major fraud charge fell apart over illegally obtained evidence, but the court still convicted him on billions of won in losses tied to Delio’s collapse.
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Myanmar’s military-backed parliament has passed a hardline Anti-Online Scam Bill aimed at fraud compounds and crypto-linked scams, with penalties reaching life imprisonment and, in some cases, death. The law targets a regional criminal industry built on trafficking, coercion, and digital deception.
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The DOJ is moving to seize over $25 million in crypto tied to fake investment, romance, and recovery scams across the U.S. and Canada, aiming at the laundering networks behind them. It’s another reminder that in crypto crime, the real machine is what happens after the scam pitch.
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Shanghai authorities have reportedly sentenced defendants in a $29 million crypto fraud case to five to six years in prison, a blunt reminder that blockchain buzzwords won’t save scammers when courts catch up.
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Tokyo police have arrested a key figure in a Bitcoin scam network tied to an alleged $15 billion crypto fraud, exposing how organized, cross-border grifts still exploit greed, hype, and weak oversight—even as law enforcement tightens the screws.
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The SEC is accusing a Texas man of running a $12.3 million crypto investment fraud that allegedly lured about 150 investors with promises of eye-watering returns from AI trading bots and high-frequency arbitrage. Nathan Fuller faces SEC charges in Texas About 150 investors were allegedly caught in the scheme The pitch leaned on AI bots, […]
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An Ohio investment manager has been sentenced to nine years in federal prison for running a Bitcoin trading Ponzi scheme that prosecutors say pulled in more than $10 million from investors sold the oldest lie in finance: guaranteed returns with no real risk. 9 years in federal prison More than $10 million raised “Guaranteed” Bitcoin […]
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Myanmar’s military government is proposing one of the harshest anti-fraud crackdowns anywhere in the crypto world: long prison terms for digital currency fraud, and in the worst cases, the death penalty. Anti-Online Fraud Bill: 10 years to life for digital currency fraud Most severe cases: the death penalty Targets: scam compounds, trafficked workers, organized fraud […]
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Binance says its AI security systems have blocked millions of scam attempts and stopped billions in potential losses as crypto fraud gets faster, cheaper, and uglier by the day. $10.53 billion in claimed losses prevented since early 2025 Nearly 23 million scam and phishing attempts blocked in Q1 2026 More than 5 million users reportedly […]
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