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🚨 MARKET STRUCTURE IS A FRAUD 🚨
The entire system is pumping to ATHs—SP500, NASDAQ, DOW, RUSSEL2000 are soaring. Gold and Silver are parabolic.
But where is the flow for the digital revolution? $BTC and Blockchain are getting ignored right now.
We need answers about the October 10th event. Zero accountability. Tech means nothing if the foundation is rotten.
#MarketStructure #CryptoFraud #DigitalGold #JTO #SOMI 🛑
The entire system is pumping to ATHs—SP500, NASDAQ, DOW, RUSSEL2000 are soaring. Gold and Silver are parabolic.
But where is the flow for the digital revolution? $BTC and Blockchain are getting ignored right now.
We need answers about the October 10th event. Zero accountability. Tech means nothing if the foundation is rotten.
#MarketStructure #CryptoFraud #DigitalGold #JTO #SOMI 🛑
🚨 SCAM ALERT: VIETNAMESE PROJECT TROVE EXPOSED! 🚨
This is not drama, this is a public scam unfolding right now. Trove ran an ICO on 08/01/2026 aiming for $2.5M, but pulled dirty tricks on Polymarket to inflate their raise.
They manipulated bets, allegedly securing 7 figures before the raise even closed properly. The total haul skyrocketed to $11M USD—over 4x the target.
The worst part? They REFUSED to refund the over-raised capital, claiming they will use it to "continue building the project." On-chain data shows investor funds moving directly to Casino wallets. RUN.
#TroveScam #CryptoFraud #ICOAlert #ExitScam 🛑
This is not drama, this is a public scam unfolding right now. Trove ran an ICO on 08/01/2026 aiming for $2.5M, but pulled dirty tricks on Polymarket to inflate their raise.
They manipulated bets, allegedly securing 7 figures before the raise even closed properly. The total haul skyrocketed to $11M USD—over 4x the target.
The worst part? They REFUSED to refund the over-raised capital, claiming they will use it to "continue building the project." On-chain data shows investor funds moving directly to Casino wallets. RUN.
#TroveScam #CryptoFraud #ICOAlert #ExitScam 🛑
🚨 SCAM ALERT: STAY AWAY FROM $MERL NOW! 🚨
This project is pure fraud. They talk big on paper but the team is nothing but scammers. The whole crypto space is filled with these rug-pull artists.
We are going short against these dirty market makers (DOGE ZHUANG). I refuse to let my family lose money on this garbage. Fade this trash immediately.
#ScamCoin #ShortIt #CryptoFraud #MERL 🛑
This project is pure fraud. They talk big on paper but the team is nothing but scammers. The whole crypto space is filled with these rug-pull artists.
We are going short against these dirty market makers (DOGE ZHUANG). I refuse to let my family lose money on this garbage. Fade this trash immediately.
#ScamCoin #ShortIt #CryptoFraud #MERL 🛑
🚨 RIVER IS SCAM FRAUD ALERT 🚨
Your funds are at risk! This is a major red flag for $RIVER holders right now. Panic selling incoming?
What is your exit strategy? You need a plan immediately to mitigate further losses. Do not wait for confirmation.
#ScamAlert #CryptoFraud #RIVER #ExitNow 🛑
Your funds are at risk! This is a major red flag for $RIVER holders right now. Panic selling incoming?
What is your exit strategy? You need a plan immediately to mitigate further losses. Do not wait for confirmation.
#ScamAlert #CryptoFraud #RIVER #ExitNow 🛑
💀 The crypto world just lost $17B to scams!
Mass texts, AI, and phishing are the new weapons.
NS3.AI flags China-based actors behind most frauds.
Think your crypto is safe? Think again. ❓
#CryptoScam #BlockchainAlert #CryptoFraud #AISecurity
Mass texts, AI, and phishing are the new weapons.
NS3.AI flags China-based actors behind most frauds.
Think your crypto is safe? Think again. ❓
#CryptoScam #BlockchainAlert #CryptoFraud #AISecurity
💥 $17 BILLION lost to crypto scams—and the threats are getting smarter every day!
Scammers are no longer simple hackers; they’re using AI, mass text messaging, and EZ-Pass phishing to trap victims.
Even experienced crypto users are being deceived by these advanced techniques.
NS3.AI reports the majority of these fraudulent activities are linked to perpetrators based in China.
These scammers exploit human trust and technology gaps to move billions unnoticed.
From fake wallet alerts to AI-generated messages, no one is truly safe.
Phishing links, malware, and social engineering are now automated and highly convincing.
Crypto investors need to double-check every link and transaction before acting.
Awareness, secure wallets, and 2FA aren’t optional—they’re essential.
With AI in the wrong hands, scams are scaling faster than ever.
Ask yourself: is your crypto ready to withstand this new generation of fraud? ❓
Stay alert, stay safe, and never trust messages blindly.
#AIScam #CryptoSecurity #PhishingAlert #BlockchainSafety #CryptoFraud
Scammers are no longer simple hackers; they’re using AI, mass text messaging, and EZ-Pass phishing to trap victims.
Even experienced crypto users are being deceived by these advanced techniques.
NS3.AI reports the majority of these fraudulent activities are linked to perpetrators based in China.
These scammers exploit human trust and technology gaps to move billions unnoticed.
From fake wallet alerts to AI-generated messages, no one is truly safe.
Phishing links, malware, and social engineering are now automated and highly convincing.
Crypto investors need to double-check every link and transaction before acting.
Awareness, secure wallets, and 2FA aren’t optional—they’re essential.
With AI in the wrong hands, scams are scaling faster than ever.
Ask yourself: is your crypto ready to withstand this new generation of fraud? ❓
Stay alert, stay safe, and never trust messages blindly.
#AIScam #CryptoSecurity #PhishingAlert #BlockchainSafety #CryptoFraud
⚠️ Crypto users beware—$17B lost to advanced scams!
Scammers are using AI and mass messaging to trick victims.
Most attacks traced to China, according to NS3.AI.
Will your wallet be next? ❓
#CryptoFraud #BlockchainSecurity" #AIScam #CryptoAlert
Scammers are using AI and mass messaging to trick victims.
Most attacks traced to China, according to NS3.AI.
Will your wallet be next? ❓
#CryptoFraud #BlockchainSecurity" #AIScam #CryptoAlert
Two People Jailed in South Korea Over a $1 Million USDT Voice Phishing Scheme
South Korean courts have handed down prison sentences to two men involved in a large-scale voice phishing operation and subsequent money laundering using cryptocurrencies. According to the ruling, funds worth approximately $1 million in the stablecoin USDT were laundered through an illegal crypto exchange.
The main organizer of the scheme, a 41-year-old man, was sentenced to five years in prison. His subordinate and employee received a sentence of two years and eight months. Prosecutors stated that the two operated an illegal cryptocurrency exchange that served as a key conduit for laundering proceeds from voice phishing scams.
Illegal exchange used as a laundering hub
Investigators revealed that the defendants closely cooperated with an organized voice phishing group operating largely from abroad. Communication between the criminals took place via Telegram over a period of roughly three months.
The scam itself followed a familiar voice phishing pattern. The perpetrators posed as police officers or relatives in distress, deceiving victims into transferring money under false pretenses. Victims were instructed to send funds to bank accounts controlled by the illegal exchange run by the convicted men.
Once the money arrived from local banks, exchange employees immediately converted the fiat currency into USDT, the stablecoin issued by Tether. The entire process was designed to be as fast as possible in order to minimize the chances of intervention by authorities.
Funds vanished within an hour
According to prosecutors, the speed of the transfers was a critical factor. From the moment victims sent their money, it often took less than an hour for the funds to move from bank accounts through cash handling and finally into cryptocurrency form.
This rapid execution prevented banks and regulators from freezing accounts in time. Even when victims reported the fraud to police, there was virtually no window to recover the stolen funds.
Prosecutors also told the court that the voice phishing operation itself was run from overseas, though the exact location was not disclosed. The key money-laundering steps, however, were carried out through the illegal exchange in South Korea.
Court: Defendants made restitution nearly impossible
Presiding judge Lee Young-cheol stated that the court found no attempt by the defendants to mitigate the serious harm inflicted on victims. The ruling was reported by the newspaper Yeongnam Ilbo.
The judge described the crimes as particularly egregious, noting that the defendants’ actions had almost completely eliminated any chance for victims to recover their money. Both men were convicted under a special law aimed at preventing and compensating damages caused by telecommunications-based financial fraud.
Authorities also acknowledged that the exact number of victims affected by the voice phishing scheme remains unknown.
Warnings over growing misuse of stablecoins
The case highlights a broader trend that South Korean authorities have been warning about for some time. While cryptocurrency adoption in South Korea continues to accelerate, digital assets are increasingly being exploited for criminal purposes. Regulators reported a 54% year-on-year increase in suspicious crypto transactions last year.
Ministers and lawmakers are now urging faster government action, particularly with regard to stablecoins such as USDT and USDC. In September, lawmaker Jin Sung-joon warned that stablecoins are being used more frequently in foreign exchange crimes, including illegal currency trading.
He stressed the need for a coordinated and proactive strategy involving law enforcement bodies such as KoFIU and the Korea Customs Service to better track, identify, and prosecute criminal financial flows.
Lawmakers are also calling for additional policy measures to prevent illegal and unauthorized money transfers and to more effectively address financial crimes involving crypto assets.
#SouthKorea , #CryptoCrime , #CryptoFraud , #USDT , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The main organizer of the scheme, a 41-year-old man, was sentenced to five years in prison. His subordinate and employee received a sentence of two years and eight months. Prosecutors stated that the two operated an illegal cryptocurrency exchange that served as a key conduit for laundering proceeds from voice phishing scams.
Illegal exchange used as a laundering hub
Investigators revealed that the defendants closely cooperated with an organized voice phishing group operating largely from abroad. Communication between the criminals took place via Telegram over a period of roughly three months.
The scam itself followed a familiar voice phishing pattern. The perpetrators posed as police officers or relatives in distress, deceiving victims into transferring money under false pretenses. Victims were instructed to send funds to bank accounts controlled by the illegal exchange run by the convicted men.
Once the money arrived from local banks, exchange employees immediately converted the fiat currency into USDT, the stablecoin issued by Tether. The entire process was designed to be as fast as possible in order to minimize the chances of intervention by authorities.
Funds vanished within an hour
According to prosecutors, the speed of the transfers was a critical factor. From the moment victims sent their money, it often took less than an hour for the funds to move from bank accounts through cash handling and finally into cryptocurrency form.
This rapid execution prevented banks and regulators from freezing accounts in time. Even when victims reported the fraud to police, there was virtually no window to recover the stolen funds.
Prosecutors also told the court that the voice phishing operation itself was run from overseas, though the exact location was not disclosed. The key money-laundering steps, however, were carried out through the illegal exchange in South Korea.
Court: Defendants made restitution nearly impossible
Presiding judge Lee Young-cheol stated that the court found no attempt by the defendants to mitigate the serious harm inflicted on victims. The ruling was reported by the newspaper Yeongnam Ilbo.
The judge described the crimes as particularly egregious, noting that the defendants’ actions had almost completely eliminated any chance for victims to recover their money. Both men were convicted under a special law aimed at preventing and compensating damages caused by telecommunications-based financial fraud.
Authorities also acknowledged that the exact number of victims affected by the voice phishing scheme remains unknown.
Warnings over growing misuse of stablecoins
The case highlights a broader trend that South Korean authorities have been warning about for some time. While cryptocurrency adoption in South Korea continues to accelerate, digital assets are increasingly being exploited for criminal purposes. Regulators reported a 54% year-on-year increase in suspicious crypto transactions last year.
Ministers and lawmakers are now urging faster government action, particularly with regard to stablecoins such as USDT and USDC. In September, lawmaker Jin Sung-joon warned that stablecoins are being used more frequently in foreign exchange crimes, including illegal currency trading.
He stressed the need for a coordinated and proactive strategy involving law enforcement bodies such as KoFIU and the Korea Customs Service to better track, identify, and prosecute criminal financial flows.
Lawmakers are also calling for additional policy measures to prevent illegal and unauthorized money transfers and to more effectively address financial crimes involving crypto assets.
#SouthKorea , #CryptoCrime , #CryptoFraud , #USDT , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Protecting Americans from Digital Asset Fraud: A Ticking Time Bomb
The digital asset boom has unleashed a Wild West of opportunity—and danger. Cryptocurrencies, NFTs, and tokenized dreams promise riches, but beneath the hype lurks a cesspool of fraud draining Americans dry. In 2024 alone, the FTC reported over $2.5 billion lost to crypto scams, a 300% spike from two years prior. This isn’t a glitch; it’s an explosion of exploitation, and the U.S. government must ignite a counterattack—now.
Scammers aren’t just hacking wallets; they’re masterminding Ponzi schemes, rug pulls, and fake ICOs with surgical precision. Take the “Hyperledger Token” scam—$50 million vanished overnight after a slick X campaign hooked desperate investors. Posts bragged “10x returns in 30 days,” linking to polished sites that evaporated post-heist. I dug into the X profiles pushing this garbage—bots and bought influencers, every one. The links? Dead ends hosted on shady offshore servers. This is the norm, not the exception.
Victims aren’t just tech bros. Retirees, small business owners, even teachers are losing life savings to these digital bandits. The SEC’s cracking down, sure—$1.7 billion in penalties last year—but it’s a Band-Aid on a gunshot wound. Fraudsters adapt faster than regulators can type. Web searches reveal X posts warning of scams after the damage is done, while crooks pivot to new cons daily.
We need a detonation of action: real-time monitoring of blockchain transactions, mandatory KYC for crypto platforms, and an AI-driven task force to sniff out scams before they blow up. Education’s key—teach Americans to spot red flags like “guaranteed returns” or sketchy X hype. Congress must stop debating and start legislating. The clock’s ticking, and every delay lets another fraud bomb drop.
Protecting Americans isn’t optional—it’s urgent. Digital assets can innovate, but not at the cost of our security. #CryptoFraud #ProtectAmericans #DigitalJustice #MarketRebound #TrumpCongressSpeech
The digital asset boom has unleashed a Wild West of opportunity—and danger. Cryptocurrencies, NFTs, and tokenized dreams promise riches, but beneath the hype lurks a cesspool of fraud draining Americans dry. In 2024 alone, the FTC reported over $2.5 billion lost to crypto scams, a 300% spike from two years prior. This isn’t a glitch; it’s an explosion of exploitation, and the U.S. government must ignite a counterattack—now.
Scammers aren’t just hacking wallets; they’re masterminding Ponzi schemes, rug pulls, and fake ICOs with surgical precision. Take the “Hyperledger Token” scam—$50 million vanished overnight after a slick X campaign hooked desperate investors. Posts bragged “10x returns in 30 days,” linking to polished sites that evaporated post-heist. I dug into the X profiles pushing this garbage—bots and bought influencers, every one. The links? Dead ends hosted on shady offshore servers. This is the norm, not the exception.
Victims aren’t just tech bros. Retirees, small business owners, even teachers are losing life savings to these digital bandits. The SEC’s cracking down, sure—$1.7 billion in penalties last year—but it’s a Band-Aid on a gunshot wound. Fraudsters adapt faster than regulators can type. Web searches reveal X posts warning of scams after the damage is done, while crooks pivot to new cons daily.
We need a detonation of action: real-time monitoring of blockchain transactions, mandatory KYC for crypto platforms, and an AI-driven task force to sniff out scams before they blow up. Education’s key—teach Americans to spot red flags like “guaranteed returns” or sketchy X hype. Congress must stop debating and start legislating. The clock’s ticking, and every delay lets another fraud bomb drop.
Protecting Americans isn’t optional—it’s urgent. Digital assets can innovate, but not at the cost of our security. #CryptoFraud #ProtectAmericans #DigitalJustice #MarketRebound #TrumpCongressSpeech
Do Kwon Extradited to the U.S. Following Terra Luna Collapse
Do Kwon, the co-founder and former CEO of Terraform Labs, has officially been extradited to the United States to face criminal charges tied to the catastrophic collapse of the Terra Luna ecosystem. The extradition, facilitated by Montenegrin authorities in collaboration with Interpol, was confirmed by Montenegro’s Prime Minister Milojko Spajić on December 31. In his statement on X, Spajić highlighted Montenegro's dedication to fostering innovation while upholding international justice and maintaining zero tolerance for financial fraud.
This extradition marks a significant turn of events following months of deliberations and legal disputes. After serving a four-month sentence in Montenegro for using counterfeit travel documents, Kwon’s fate was decided by Montenegrin Justice Minister Bojan Božović, who approved his transfer to the U.S. on December 27. This decision came despite a competing request from South Korea, where Kwon also faces legal charges. Appeals from Kwon’s defense team delayed the process, but the final ruling underscored Montenegro’s commitment to the rule of law and international cooperation.
The legal challenges against Kwon in the U.S. are substantial. In March 2023, the U.S. Department of Justice charged him with eight serious offenses, including commodities and wire fraud, as well as conspiracy to manipulate markets. Additionally, the Securities and Exchange Commission (SEC) previously secured a court ruling in April holding Kwon and Terraform Labs liable for fraud. The resulting settlement included approximately $4.5 billion in penalties and disgorgement. While it remains unclear when Kwon will appear in a U.S. court, his extradition brings him closer to facing accountability for his actions.
The collapse of the Terra Luna ecosystem in May 2022 wiped out $50 billion in market value within days, causing widespread financial losses for investors worldwide
#DoKwonExtradition
#TerraLunaCollapse
#CryptocurrencyNews
#BlockchainRegulation
#CryptoFraud
Do Kwon, the co-founder and former CEO of Terraform Labs, has officially been extradited to the United States to face criminal charges tied to the catastrophic collapse of the Terra Luna ecosystem. The extradition, facilitated by Montenegrin authorities in collaboration with Interpol, was confirmed by Montenegro’s Prime Minister Milojko Spajić on December 31. In his statement on X, Spajić highlighted Montenegro's dedication to fostering innovation while upholding international justice and maintaining zero tolerance for financial fraud.
This extradition marks a significant turn of events following months of deliberations and legal disputes. After serving a four-month sentence in Montenegro for using counterfeit travel documents, Kwon’s fate was decided by Montenegrin Justice Minister Bojan Božović, who approved his transfer to the U.S. on December 27. This decision came despite a competing request from South Korea, where Kwon also faces legal charges. Appeals from Kwon’s defense team delayed the process, but the final ruling underscored Montenegro’s commitment to the rule of law and international cooperation.
The legal challenges against Kwon in the U.S. are substantial. In March 2023, the U.S. Department of Justice charged him with eight serious offenses, including commodities and wire fraud, as well as conspiracy to manipulate markets. Additionally, the Securities and Exchange Commission (SEC) previously secured a court ruling in April holding Kwon and Terraform Labs liable for fraud. The resulting settlement included approximately $4.5 billion in penalties and disgorgement. While it remains unclear when Kwon will appear in a U.S. court, his extradition brings him closer to facing accountability for his actions.
The collapse of the Terra Luna ecosystem in May 2022 wiped out $50 billion in market value within days, causing widespread financial losses for investors worldwide
#DoKwonExtradition
#TerraLunaCollapse
#CryptocurrencyNews
#BlockchainRegulation
#CryptoFraud
🚨 Breaking News: $23M Crypto Fraud Busted by DOJ! �
One of the most notorious names in the crypto world has just been brought to justice! 🕵️♂️ Gotbit Consulting, a controversial market maker, has pleaded guilty to orchestrating a massive fraud scheme involving wash trades and fake volume to artificially inflate token prices. 💸
The mastermind behind this operation even developed custom software to execute these deceptive practices seamlessly. The outcome? Years of manipulation, millions of dollars moved, and countless investors misled. 😱
This marks the THIRD major market maker to be taken down by the DOJ in their ongoing crackdown on crypto fraud. And guess what? More are likely on the chopping block! ⚖️
So, what does this mean for the crypto world? 🌍
Is this a stern warning to all "volume support" players still operating in the shadows? 🚩
Or is this the dawn of a new era of transparency and accountability in the crypto space? 🌟
Could this be the rebirth of crypto's credibility on a global scale? 🌐 Only time will tell, but one thing's for sure: the DOJ isn't playing games anymore. 🎮
#CryptoNews #DOJCrackdown #CryptoFraud #TransparencyMatters #BlockchainRevolution 🚀🔒
Stay tuned, folks. The crypto world is evolving, and this might just be the start of something big! 💥✨
$BTC
$ETH
$XRP
One of the most notorious names in the crypto world has just been brought to justice! 🕵️♂️ Gotbit Consulting, a controversial market maker, has pleaded guilty to orchestrating a massive fraud scheme involving wash trades and fake volume to artificially inflate token prices. 💸
The mastermind behind this operation even developed custom software to execute these deceptive practices seamlessly. The outcome? Years of manipulation, millions of dollars moved, and countless investors misled. 😱
This marks the THIRD major market maker to be taken down by the DOJ in their ongoing crackdown on crypto fraud. And guess what? More are likely on the chopping block! ⚖️
So, what does this mean for the crypto world? 🌍
Is this a stern warning to all "volume support" players still operating in the shadows? 🚩
Or is this the dawn of a new era of transparency and accountability in the crypto space? 🌟
Could this be the rebirth of crypto's credibility on a global scale? 🌐 Only time will tell, but one thing's for sure: the DOJ isn't playing games anymore. 🎮
#CryptoNews #DOJCrackdown #CryptoFraud #TransparencyMatters #BlockchainRevolution 🚀🔒
Stay tuned, folks. The crypto world is evolving, and this might just be the start of something big! 💥✨
$BTC
$ETH
$XRP
Hong Kong Fraud Group Using Deepfakes Exposed – Pretended to Be Wealthy Single Women
Seized Notebooks Revealed Sophisticated Scams
Hong Kong police uncovered a sophisticated fraud scheme that used artificial intelligence to deceive victims. The investigation led to the seizure of over HK$34 million (approximately USD 3.37 million). Notebooks confiscated by law enforcement revealed the criminals' methods, including the use of deepfake technology to appear more convincing.
How the Fraudsters Lured Their Victims
The fraudsters pretended to be wealthy single women, crafting stories about interests such as learning Japanese, playing golf, or tasting luxury wines worth over HK$100,000 (USD 12,850) per bottle. These methods were documented in the notebooks seized during the operation.
The investigation resulted in the arrest of 31 individuals connected to a criminal syndicate. This group used artificial intelligence to create realistic images of attractive women, which were then used to lure victims into romantic and investment scams.
The Problem of Deepfake Scams
Byron Boston, a former police officer and CEO of Crypto Track, warned that the combination of deepfake technology and social engineering presents significant challenges for investigators and law enforcement. AI-generated images make criminals more convincing and enable them to execute more complex scams.
Boston highlighted an incident from November 2022, where a fake video impersonating FTX founder Sam Bankman-Fried was used in a phishing attack targeting FTX users. This incident demonstrates how deepfake technologies can be exploited to steal cryptocurrency assets from victims.
Scams Targeting Young People
Confiscated materials revealed that the fraudsters specifically targeted young people seeking quick earnings. Victims were often convinced they were communicating with ideal women from Taiwan, Singapore, and Malaysia.
Challenges in Combating These Crimes
Boston emphasized that effective collaboration and swift action are key to fighting these sophisticated scams. However, he noted that many local law enforcement agencies, particularly in the U.S., lack the necessary tools and expertise to track stolen cryptocurrency or cooperate with international exchanges.
Criminals leveraging technologies like deepfake and social engineering remain a significant challenge for security forces worldwide.
#Deepfake , #CryptoFraud , #CryptoScams , #cybercrime , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hong Kong police uncovered a sophisticated fraud scheme that used artificial intelligence to deceive victims. The investigation led to the seizure of over HK$34 million (approximately USD 3.37 million). Notebooks confiscated by law enforcement revealed the criminals' methods, including the use of deepfake technology to appear more convincing.
How the Fraudsters Lured Their Victims
The fraudsters pretended to be wealthy single women, crafting stories about interests such as learning Japanese, playing golf, or tasting luxury wines worth over HK$100,000 (USD 12,850) per bottle. These methods were documented in the notebooks seized during the operation.
The investigation resulted in the arrest of 31 individuals connected to a criminal syndicate. This group used artificial intelligence to create realistic images of attractive women, which were then used to lure victims into romantic and investment scams.
The Problem of Deepfake Scams
Byron Boston, a former police officer and CEO of Crypto Track, warned that the combination of deepfake technology and social engineering presents significant challenges for investigators and law enforcement. AI-generated images make criminals more convincing and enable them to execute more complex scams.
Boston highlighted an incident from November 2022, where a fake video impersonating FTX founder Sam Bankman-Fried was used in a phishing attack targeting FTX users. This incident demonstrates how deepfake technologies can be exploited to steal cryptocurrency assets from victims.
Scams Targeting Young People
Confiscated materials revealed that the fraudsters specifically targeted young people seeking quick earnings. Victims were often convinced they were communicating with ideal women from Taiwan, Singapore, and Malaysia.
Challenges in Combating These Crimes
Boston emphasized that effective collaboration and swift action are key to fighting these sophisticated scams. However, he noted that many local law enforcement agencies, particularly in the U.S., lack the necessary tools and expertise to track stolen cryptocurrency or cooperate with international exchanges.
Criminals leveraging technologies like deepfake and social engineering remain a significant challenge for security forces worldwide.
#Deepfake , #CryptoFraud , #CryptoScams , #cybercrime , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 **Breaking News**: SEC charges Diana Mae Fernandez with fraud for promising cryptocurrency investments with guaranteed returns and embezzling $364,000 from at least 20 investors 🕵️♂️💼 #cryptofraud 🔒🚫
🚨 BREAKING: #SEC cracks down on $1.7B #cryptofraud that operated under several names, such as HyperFund, HyperVerse and HyperTech.
Allegedly hiring an actor CEO, they promised high returns and planned Hong Kong Stock Exchange listing. Funds were used for luxury purchases.
#Breaking #CryptoNews🔒📰🚫
Allegedly hiring an actor CEO, they promised high returns and planned Hong Kong Stock Exchange listing. Funds were used for luxury purchases.
#Breaking #CryptoNews🔒📰🚫
Finnish Police Seize Luxury Watches Worth Over $2.6 Million from Richard Heart
Richard Heart Wanted in Finland for Tax Evasion and Assault
Richard Schueler, known as Richard Heart and founder of Hex, is facing allegations of tax evasion and assault in Finland. Police have seized 20 luxury watches, including several Rolexes, valued at over $2.6 million.
Watches Found in Residence in Espoo
The watches were confiscated from a residence in Espoo and have a combined value of $2.68 million, based on receipts and expert appraisals. Some of the watches were purchased in Finland, while others were sourced from the United States. Detective Harri Saaristola stated that the police tracked the watches through intelligence activities.
Accusations of Tax Fraud and Assault
Schueler is accused of tax evasion between June 2020 and April 2024, as well as an assault in February 2021. One of the charges includes an attack on a 16-year-old victim, whom he allegedly grabbed by the hair, dragged to a staircase, and threw to the ground.
Interpol Issues Red Notice
On December 22, Interpol issued a “Red Notice” for Schueler, an international request for arrest. Additionally, he was placed on Europe’s most-wanted fugitives list, with detailed descriptions of the same charges.
Massive Tax Debts and Unclear Whereabouts
Schueler’s tax debts reportedly amount to hundreds of millions of euros. In 2023, the Finnish government estimated his income at €15.2 million ($16.9 million). Despite his unknown location, Schueler remains active on social media, promoting his cryptocurrency HEX and uploading videos to YouTube.
Charges from the U.S. SEC
Beyond Finnish authorities, Schueler also faces charges from the U.S. Securities and Exchange Commission (SEC). In July 2023, the SEC filed a lawsuit against him over three tokens issued by his companies – Hex (HEX), PulseChain (PLS), and PulseX (PSLX). According to the SEC, these are unregistered securities that raised over $1 billion.
The SEC also alleges that some of these funds were misused for personal acquisitions, such as a 555-carat diamond, luxury watches, and high-end cars.
Conclusion
Richard Schueler faces serious allegations and international pursuit. Finnish authorities continue their investigation, while charges from the SEC and other agencies further increase pressure on the Hex founder.
#CryptoNewss , #CryptoScandal , #CryptoFraud , #HEX , #cryptocurrency
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Richard Schueler, known as Richard Heart and founder of Hex, is facing allegations of tax evasion and assault in Finland. Police have seized 20 luxury watches, including several Rolexes, valued at over $2.6 million.
Watches Found in Residence in Espoo
The watches were confiscated from a residence in Espoo and have a combined value of $2.68 million, based on receipts and expert appraisals. Some of the watches were purchased in Finland, while others were sourced from the United States. Detective Harri Saaristola stated that the police tracked the watches through intelligence activities.
Accusations of Tax Fraud and Assault
Schueler is accused of tax evasion between June 2020 and April 2024, as well as an assault in February 2021. One of the charges includes an attack on a 16-year-old victim, whom he allegedly grabbed by the hair, dragged to a staircase, and threw to the ground.
Interpol Issues Red Notice
On December 22, Interpol issued a “Red Notice” for Schueler, an international request for arrest. Additionally, he was placed on Europe’s most-wanted fugitives list, with detailed descriptions of the same charges.
Massive Tax Debts and Unclear Whereabouts
Schueler’s tax debts reportedly amount to hundreds of millions of euros. In 2023, the Finnish government estimated his income at €15.2 million ($16.9 million). Despite his unknown location, Schueler remains active on social media, promoting his cryptocurrency HEX and uploading videos to YouTube.
Charges from the U.S. SEC
Beyond Finnish authorities, Schueler also faces charges from the U.S. Securities and Exchange Commission (SEC). In July 2023, the SEC filed a lawsuit against him over three tokens issued by his companies – Hex (HEX), PulseChain (PLS), and PulseX (PSLX). According to the SEC, these are unregistered securities that raised over $1 billion.
The SEC also alleges that some of these funds were misused for personal acquisitions, such as a 555-carat diamond, luxury watches, and high-end cars.
Conclusion
Richard Schueler faces serious allegations and international pursuit. Finnish authorities continue their investigation, while charges from the SEC and other agencies further increase pressure on the Hex founder.
#CryptoNewss , #CryptoScandal , #CryptoFraud , #HEX , #cryptocurrency
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Australia Strikes Back: Regulator Blocks Hundreds of Fake Celebrity Investment Sites
Australia’s securities regulator has shut down over 330 fake investment websites this year, which exploited images of billionaires to lure victims into fraudulent “get-rich-quick” schemes. This marks a 25% increase compared to the same period last year.
Scammers abused the faces of prominent business figures such as Andrew “Twiggy” Forrest, Gina Rinehart, and packaging magnate Anthony Pratt to give cloned platforms a false sense of legitimacy.
The Power of “Social Proof”
Psychologists say fraudsters exploit the principle of social proof—the tendency of people to follow those they see as successful or authoritative. ASIC warns that celebrity photos and quotes were used without consent, solely to deceive the public.
Commissioner Alan Kirkland emphasized:
“These fraudulent websites promise unrealistic returns and misuse celebrity images to build credibility. Consumers must always stop, check, and protect.”
The regulator noted a spike in July, when scammers tried to exploit heightened financial interest at the start of the new fiscal year.
AI Gives Scammers New Weapons
The rise of artificial intelligence has supercharged fraud operations on an unprecedented scale. ASIC highlights troubling new tactics, including:
🔹 Cloned investment platform websites
🔹 Fake news articles promoting scams
🔹 AI “trading bots” promising impossible returns
According to the National Anti-Scam Centre, Australians lost $945 million to investment scams in 2024 alone—making it the single largest source of financial fraud losses.
ASIC now removes an average of 130 malicious websites per week—most being crypto scams, phishing portals, and fake investment platforms. In just two years, the regulator’s program has taken down more than 14,000 fraudulent sites.
Tougher Rules and Aggressive Enforcement
Under chairman Joe Longo, ASIC has undergone a transformation:
🔹 50% more investigations launched year-on-year
🔹 20% more civil proceedings compared to the previous period
Longo explained:
“Our operating environment is more complex than ever. ASIC must respond quickly and effectively to protect the financial system and the community.”
The regulator is also updating its rules for algorithmic and AI trading, which now accounts for around 85% of trades on Australia’s listed markets. Proposed changes would require mandatory “kill switches”—emergency cut-offs for risky automated trading activity.
Advice to Consumers: Don’t Get Hooked
ASIC is also warning against aggressive social media ads that promote “free pension health checks” or services to help locate lost superannuation funds. These offers often turn into high-pressure sales tactics and promises of unrealistic returns.
The regulator advises:
🔹 Hang up immediately if you feel pressured
🔹 Remember that moving retirement savings is a major financial decision and should never be rushed
#Australia , #scam , #CryptoFraud , #AI , #CyberSecurity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Scammers abused the faces of prominent business figures such as Andrew “Twiggy” Forrest, Gina Rinehart, and packaging magnate Anthony Pratt to give cloned platforms a false sense of legitimacy.
The Power of “Social Proof”
Psychologists say fraudsters exploit the principle of social proof—the tendency of people to follow those they see as successful or authoritative. ASIC warns that celebrity photos and quotes were used without consent, solely to deceive the public.
Commissioner Alan Kirkland emphasized:
“These fraudulent websites promise unrealistic returns and misuse celebrity images to build credibility. Consumers must always stop, check, and protect.”
The regulator noted a spike in July, when scammers tried to exploit heightened financial interest at the start of the new fiscal year.
AI Gives Scammers New Weapons
The rise of artificial intelligence has supercharged fraud operations on an unprecedented scale. ASIC highlights troubling new tactics, including:
🔹 Cloned investment platform websites
🔹 Fake news articles promoting scams
🔹 AI “trading bots” promising impossible returns
According to the National Anti-Scam Centre, Australians lost $945 million to investment scams in 2024 alone—making it the single largest source of financial fraud losses.
ASIC now removes an average of 130 malicious websites per week—most being crypto scams, phishing portals, and fake investment platforms. In just two years, the regulator’s program has taken down more than 14,000 fraudulent sites.
Tougher Rules and Aggressive Enforcement
Under chairman Joe Longo, ASIC has undergone a transformation:
🔹 50% more investigations launched year-on-year
🔹 20% more civil proceedings compared to the previous period
Longo explained:
“Our operating environment is more complex than ever. ASIC must respond quickly and effectively to protect the financial system and the community.”
The regulator is also updating its rules for algorithmic and AI trading, which now accounts for around 85% of trades on Australia’s listed markets. Proposed changes would require mandatory “kill switches”—emergency cut-offs for risky automated trading activity.
Advice to Consumers: Don’t Get Hooked
ASIC is also warning against aggressive social media ads that promote “free pension health checks” or services to help locate lost superannuation funds. These offers often turn into high-pressure sales tactics and promises of unrealistic returns.
The regulator advises:
🔹 Hang up immediately if you feel pressured
🔹 Remember that moving retirement savings is a major financial decision and should never be rushed
#Australia , #scam , #CryptoFraud , #AI , #CyberSecurity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🔥 BREAKING: DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky 🔥
In a landmark move, the U.S. Department of Justice (DOJ) has recommended a 20-year prison sentence for Alex Mashinsky, the former CEO of the now-defunct cryptocurrency lending platform Celsius Network. This comes after Mashinsky's guilty plea to two counts of fraud, including commodities fraud and securities fraud, in December 2024. Federal prosecutors described his actions as a "deliberate, calculated" campaign of lies and self-dealing that resulted in billions of dollars in losses for customers.
📉 The Collapse of Celsius Network
Celsius Network, once a prominent player in the crypto lending space, filed for bankruptcy in July 2022 after halting withdrawals, leaving approximately $4.7 billion in customer funds inaccessible. Investigations revealed that Mashinsky misled customers about the platform's operations and manipulated the price of Celsius's proprietary token, CEL, to sell his holdings at inflated prices, profiting around $48 million in the process.
⚖️ Legal Proceedings and Sentencing
Mashinsky's sentencing is scheduled for May 8, 2025, where U.S. District Judge John Koeltl will determine the final sentence. The DOJ's recommendation of a 20-year term aligns with the severity of the crimes committed, aiming to restore public trust in the financial system and deter similar fraudulent activities in the future.
🧠 Industry Implications
This case serves as a stark reminder of the importance of transparency and accountability in the cryptocurrency industry.
📢 Community Reactions
The crypto community has been abuzz with reactions to the DOJ's recommendation.
As the sentencing date approaches, all eyes will be on the courtroom to see if the recommended sentence is upheld, marking a significant moment in the ongoing efforts to regulate and legitimize the cryptocurrency industry.
#Celsius #AlexMashinsky #CryptoFraud #DOJ #CryptoRegulation
In a landmark move, the U.S. Department of Justice (DOJ) has recommended a 20-year prison sentence for Alex Mashinsky, the former CEO of the now-defunct cryptocurrency lending platform Celsius Network. This comes after Mashinsky's guilty plea to two counts of fraud, including commodities fraud and securities fraud, in December 2024. Federal prosecutors described his actions as a "deliberate, calculated" campaign of lies and self-dealing that resulted in billions of dollars in losses for customers.
📉 The Collapse of Celsius Network
Celsius Network, once a prominent player in the crypto lending space, filed for bankruptcy in July 2022 after halting withdrawals, leaving approximately $4.7 billion in customer funds inaccessible. Investigations revealed that Mashinsky misled customers about the platform's operations and manipulated the price of Celsius's proprietary token, CEL, to sell his holdings at inflated prices, profiting around $48 million in the process.
⚖️ Legal Proceedings and Sentencing
Mashinsky's sentencing is scheduled for May 8, 2025, where U.S. District Judge John Koeltl will determine the final sentence. The DOJ's recommendation of a 20-year term aligns with the severity of the crimes committed, aiming to restore public trust in the financial system and deter similar fraudulent activities in the future.
🧠 Industry Implications
This case serves as a stark reminder of the importance of transparency and accountability in the cryptocurrency industry.
📢 Community Reactions
The crypto community has been abuzz with reactions to the DOJ's recommendation.
As the sentencing date approaches, all eyes will be on the courtroom to see if the recommended sentence is upheld, marking a significant moment in the ongoing efforts to regulate and legitimize the cryptocurrency industry.
#Celsius #AlexMashinsky #CryptoFraud #DOJ #CryptoRegulation
$15B Crypto Scam Busted: Cambodian Executive Charged 🚨💰
In a shocking crackdown, U.S. authorities have charged Chen Zhi, chairman of Cambodia’s Prince Holding Group, for running one of the largest crypto scams in history. The scheme, known as a “pig butchering” scam, allegedly defrauded investors worldwide and coerced victims into forced labor camps to run the operation.
As part of the enforcement action, officials seized approximately 127,000 bitcoins, valued at over $15 billion, stored in unhosted wallets under Chen’s control. The scale of the fraud highlights the dark side of crypto: beyond financial loss, the scam involved human trafficking and abuse, adding a harrowing layer to the crime.
Chen faces serious charges, including wire fraud conspiracy and money laundering conspiracy, with potential prison sentences totaling up to 40 years if convicted. U.S. authorities are signaling zero tolerance for large-scale crypto fraud, especially those exploiting vulnerable individuals.
This case serves as a stark reminder: while crypto offers innovation and opportunity, it also attracts sophisticated criminal schemes. Vigilance, education, and regulatory oversight remain critical for investors navigating this fast-evolving market.
$BTC
#CryptoScam #BitcoinSeizure #FinancialCrime #ForcedLabor #CryptoFraud
In a shocking crackdown, U.S. authorities have charged Chen Zhi, chairman of Cambodia’s Prince Holding Group, for running one of the largest crypto scams in history. The scheme, known as a “pig butchering” scam, allegedly defrauded investors worldwide and coerced victims into forced labor camps to run the operation.
As part of the enforcement action, officials seized approximately 127,000 bitcoins, valued at over $15 billion, stored in unhosted wallets under Chen’s control. The scale of the fraud highlights the dark side of crypto: beyond financial loss, the scam involved human trafficking and abuse, adding a harrowing layer to the crime.
Chen faces serious charges, including wire fraud conspiracy and money laundering conspiracy, with potential prison sentences totaling up to 40 years if convicted. U.S. authorities are signaling zero tolerance for large-scale crypto fraud, especially those exploiting vulnerable individuals.
This case serves as a stark reminder: while crypto offers innovation and opportunity, it also attracts sophisticated criminal schemes. Vigilance, education, and regulatory oversight remain critical for investors navigating this fast-evolving market.
$BTC
#CryptoScam #BitcoinSeizure #FinancialCrime #ForcedLabor #CryptoFraud
US Charges Cambodian Executive in $14B Crypto Scam
U.S. authorities have charged Chen Zhi, chairman of Cambodia’s Prince Holding Group, in connection with a massive cryptocurrency scam and seized over $14 billion in bitcoin. Prosecutors allege Chen and unnamed co-conspirators exploited forced labor to defraud investors, using the illicit proceeds to buy yachts, jets, and a Picasso painting.
The Brooklyn federal indictment includes wire fraud conspiracy and money laundering conspiracy charges. U.S. and U.K. authorities have also sanctioned Chen’s company, labeling it a transnational criminal organization. Chen, 38, is accused of sanctioning violence against workers, bribing officials, and laundering funds through online gambling and crypto mining operations.
#CryptoFraud #BitcoinSeizure #ChenZhi #CryptoNews #FinancialCrime
U.S. authorities have charged Chen Zhi, chairman of Cambodia’s Prince Holding Group, in connection with a massive cryptocurrency scam and seized over $14 billion in bitcoin. Prosecutors allege Chen and unnamed co-conspirators exploited forced labor to defraud investors, using the illicit proceeds to buy yachts, jets, and a Picasso painting.
The Brooklyn federal indictment includes wire fraud conspiracy and money laundering conspiracy charges. U.S. and U.K. authorities have also sanctioned Chen’s company, labeling it a transnational criminal organization. Chen, 38, is accused of sanctioning violence against workers, bribing officials, and laundering funds through online gambling and crypto mining operations.
#CryptoFraud #BitcoinSeizure #ChenZhi #CryptoNews #FinancialCrime
OmegaPro Founder and Co-Conspirator Charged by U.S. DOJ in $650M Ponzi Scheme
The U.S. Department of Justice (DOJ) has charged Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led operations in Latin America and parts of the U.S., in connection with a $650 million Ponzi scheme. The indictment, unsealed in the District of Puerto Rico on July 9, 2025, accuses the duo of conspiracy to commit wire fraud and money laundering. OmegaPro, a Dubai-based crypto and forex investment platform established in 2019, allegedly defrauded thousands of investors by promising 300% returns over 16 months through "elite traders." Instead, it operated as a pyramid scheme, using new investor funds to pay earlier ones. The scheme collapsed in 2022, and in January 2023, the defendants claimed a network hack, falsely stating funds were transferred to a new platform, Broker Group, from which investors could not withdraw. Both face up to 20 years in prison per charge. Additionally, co-founder Andreas Szakacs was arrested in Turkey in July 2024 for related allegations involving a $4 billion fraud
$ETH $BTC
$BNB
#trump #OmegaPro #CryptoFraud #USDT #FinancialCrime
$ETH $BTC
$BNB
#trump #OmegaPro #CryptoFraud #USDT #FinancialCrime
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