Tag: fraud
CFTC Sues Cash FX Group Over $950M Crypto-Linked Forex Scheme
Federal regulator targets multilevel marketing operation allegedly using cryptocurrency and forex trading as cover for $950M Ponzi scheme affecting hundreds of thousands.
Albuquerque Bans Bitcoin ATMs, Citing 90% Fraud Rate
New Mexico city joins Indiana, Tennessee, and Minnesota in prohibiting crypto kiosks, citing scam epidemic and irreversible transactions used by criminals.
Seoul Police Bust $8.5M XRP Staking Scam Targeting 71 Investors
Fake Flare Network site collected 3.4M XRP in eight days. South Korean authorities froze $18.8M in linked wallets and referred two suspects for prosecution.