Fraud Archives | Kryptonary

Spanish Police Dismantle €460M Global Crypto Scam, Arrest Five in Major Europol-Led Operation

July 1, 2025Sean JacobsCryptocurrencyCrypto Scam, Fraud, Spain

In a coordinated international crackdown, Spanish authorities have arrested five members of a transnational criminal network accused of orchestrating a massive cryptocurrency investment scam that defrauded over 5,000 victims worldwide. The elaborate operation, which laundered an estimated €460 million in criminal proceeds, marks one of Europe’s largest crypto-related fraud busts to date. The arrests were…

CBI Busts Fake Cop Crypto Syndicate in Mumbai, Links Fraud Network to U.S. Victims

June 28, 2025Sean JacobsCryptocurrencyCBI, Fake Cop, Fraud

In a major success against transnational cybercrime, India’s Central Bureau of Investigation (CBI) has arrested a key figure in an elaborate international fraud syndicate that extorted victims in the United States and Canada through threats and fake law enforcement identities. The arrest, made in Mumbai on June 26, 2025, followed coordinated raids in Mumbai and…

Davao SEC Tracks Four Firms Tied to Online Crypto Scams Amid Rising Fraud Reports

June 27, 2025Sean JacobsCryptocurrencyCrypto Scams, Fraud, PHI

In a bid to combat the growing wave of online financial fraud, the Securities and Exchange Commission (SEC) in the Davao Region has revealed it is monitoring four entities suspected of involvement in cryptocurrency scams. The announcement comes as regulators across the country intensify efforts to protect the public from deceptive online investment schemes. During…

Alabama Recovers $125K in Crypto Lost to Romance Scams Amid Global Surge in ‘Pig Butchering’ Fraud

June 17, 2025Sean JacobsCryptocurrencyAlabama, Fraud, Scam

MONTGOMERY, Alabama— Alabama regulators have successfully recovered more than $125,000 in cryptocurrency for two residents who were victims of so-called “pig butchering” scams, an increasingly common form of romance-based fraud that cost them a combined $580,000. According to a statement released Friday, the Alabama Securities Commission (ASC) was able to retrieve $53,227.81 for a victim…

Dimolad Limited Launches Specialized Crypto Scam Recovery Services in UK

June 11, 2025KryptonaryCryptocurrencyDimolad, Fraud, Scam, UK

On June 10th, 2025, Dimolad Limited, a fund recovery agency, announced the introduction of its crypto scam recovery services for sufferers in the UK. It is a known fact that as digital currencies continue to change the face of global finance, we see an increasing occurrence of highly sophisticated fraudulent practices. The demand for professional…

Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud

May 9, 2025Kryptonary StaffCryptocurrencyCrypto, Fraud

On Thursday, Alex Mashinsky, the founder and previous Chief Executive Officer of currency lender Celsius Network, was sentenced to 12 years in prison, one of the longest sentences to be served due to the collapse of the cryptocurrency market in 2022. U.S. District Judge John Koeltl issued the sentence in Manhattan, approximately six months after…

Crypto Scam Alert: Platforms Exposed as Investor Funds Reportedly Frozen

May 5, 2025KryptonaryCryptocurrencyCrypto, Fraud, Scam

Cryptocurrency trading platforms like Bitgity, Xenchain, Upionex, Cmadex, and Melorybit are causing concern among investors due to potential scams. These platforms often ask for payment of additional fees, circumventing various pretexts, and are known to freeze user assets without providing a valid justification. These platforms often blame compliance or technical errors and deny users the…

Actor Ben McKenzie Directs Documentary Exposing Crypto World

May 4, 2025Kryptonary StaffCryptocurrencyCrypto, Fraud

Actor and crypto skeptic Ben McKenzie will soon direct a feature— a documentary titled “Everyone Is Lying to You for Money,” which he announced himself on Twitter. Following a Deadline report, we learned the doc is set to screen at SXSW London in June. The film casts McKenzie, who is mostly known from “The O.C.”…

Spanish Police Dismantle €460M Global Crypto Scam, Arrest Five in Major Europol-Led Operation

CBI Busts Fake Cop Crypto Syndicate in Mumbai, Links Fraud Network to U.S. Victims

Davao SEC Tracks Four Firms Tied to Online Crypto Scams Amid Rising Fraud Reports

Alabama Recovers $125K in Crypto Lost to Romance Scams Amid Global Surge in ‘Pig Butchering’ Fraud

Dimolad Limited Launches Specialized Crypto Scam Recovery Services in UK

Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud

Crypto Scam Alert: Platforms Exposed as Investor Funds Reportedly Frozen

Actor Ben McKenzie Directs Documentary Exposing Crypto World

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