US authorities bust $73M crypto scam, make two arrests

The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.

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Crypto Crackdown: $8 Billion Laundered Through Xinbis Marketplace Exposed

Key Takeaways In the increasingly complex world of cybercrime, marketplaces based on the Telegram messaging app are supplanting the more established darknet platforms. A prime example is Xinbi Guarantee, a vast operation entrenched in illicit finance with its nominal headquarters in Colorado, USA. In spite of apparently legitimate incorporation as Xinbi Co., Ltd in August […]

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Woman Loses $8 Million In Crypto Scam, But Court Says Binance Is Not Liable

A United States District Judge, Amos Mazzant, has ruled that Binance, the world’s largest cryptocurrency exchange by client count, is not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme. Binance Is Not Liable In a ruling on May 22, Judge Amos dismissed the [...]

The post Woman Loses $8 Million In Crypto Scam, But Court Says Binance Is Not Liable appeared first on Crypto Breaking News.

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Chainalysis Exposes Southeast Asia's Human Trafficking and Scam Nexus

Chainalysis reveals the intertwining of human trafficking with crypto scams in Southeast Asia, highlighting the urgency to combat these digital age crimes. (Read More)

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California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam

California resident Ken Liem accused three banks of failing to perform adequate checks that could have blocked scammers from opening accounts.

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