CFTC moves against Fundsz over an alleged crypto fraud scheme, but the widely repeated $31 million figure isn’t confirmed in the materials provided. The case centers on promised 3% weekly returns, a classic scam pitch dressed up in crypto-sounding jargon.
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The SEC is reportedly charging two investment advisers in an alleged $15 million crypto fraud scheme that used WhatsApp to contact victims, though the source material doesn’t independently verify the case details. A familiar reminder: private chats and fake promises are a scammer’s favorite tools.
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New York AG Letitia James and 17 other state attorneys general are opposing the CLARITY Act, warning it could weaken states’ ability to crack down on crypto fraud. Supporters want a cleaner federal framework, but critics say scammers shouldn’t get a free pass.
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Letitia James is leading 18 states in urging the Senate to scrap the CLARITY Act, warning it could weaken state power to police crypto fraud and give scammers more room to operate. Supporters say the bill would bring needed regulatory clarity, but the fight is really over who gets the teeth.
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A Singaporean man is linked to a U.S. crypto fraud case that prosecutors say moved about $260 million via social engineering, laundering, and luxury splurges. The key twist: this was allegedly an organized ring, with RICO charges signaling a coordinated criminal operation.
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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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