DoJ Disrupts Southeast Asia Crypto Fraud Networks, Freezes $3.8 Million in Assets

The U.S. Department of Justice DoJ on Wednesday announced the results of a sweeping action undertaken by government authorities and private sector companies to combat cyber-enabled and cryptocurrency fraud targeting Americans. The "Disruption Week" operation began May 18, 2026, leading to the...

One Man, One AI, One Fake Persona: Inside the 5-Year Influence and Fraud ‘Patriot Bait’ Campaign

A solo Russian-speaking threat actor ran a 5-year Telegram channel and, starting September 2025, used AI to automate its content, credential theft, and a cryptocurrency fraud scheme targeting American audiences...

U.S. Sanctions 10 North Korean Entities for Laundering $12.7M in Crypto and IT Fraud

The U.S. Treasury Department on Tuesday imposed sanctions against eight individuals and two entities within North Korea's global financial network for laundering money for various illicit schemes, including cybercrime and information technology IT worker fraud. "North Korean state-sponsored hacke...

European Authorities Dismantle €600 Million Crypto Fraud Network in Global Sweep

Nine people have been arrested in connection with a coordinated law enforcement operation that targeted a cryptocurrency money laundering network that defrauded victims of €600 million $688 million. According to a statement released by Eurojust today, the action took place between October 27 and ...

U.K. Police Just Seized £5.5 Billion in Bitcoin — The World's Largest Crypto Bust

A Chinese national has been convicted for her role in a fraudulent cryptocurrency scheme after law enforcement authorities in the U.K. confiscated £5.5 billion about $7.39 billion during a raid of her home in London. The cryptocurrency seizure, amounting to 61,000 Bitcoin, is believed to be the...

Eurojust Arrests 5 in €100M Cryptocurrency Investment Fraud Spanning 23 Countries

Law enforcement authorities in Europe have arrested five suspects in connection with an "elaborate" online investment fraud scheme that stole more than €100 million $118 million from over 100 victims in France, Germany, Italy, and Spain. According to Eurojust, the coordinated action saw searches ...

Scammers Unleash Flood of Slick Online Gaming Sites

Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. Here's a closer look at the social engineering tacti...

Europol Dismantles $540 Million Cryptocurrency Fraud Network, Arrests Five Suspects

Europol on Monday announced the takedown of a cryptocurrency investment fraud ring that laundered €460 million $540 million from more than 5,000 victims across the world. The international effort, codenamed Operation Borrelli, was carried out by the Spanish Guardia Civil, along with support from...

U.S. Sanctions Funnull for $200M Romance Baiting Scams Tied to Crypto Fraud

The U.S. Department of Treasury's Office of Foreign Assets Control OFAC has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses. T...

Beware malware posing as beta versions of legitimate apps, warns FBI

The FBI has issued a warning that cybercriminals are embedding malicious code in mobile beta-testing apps in attempts to defraud potential victims. The victims are typically contacted on dating sites and social media, and in some cases they are promised incentives such as large financial payouts...

FBI Warns Fake Crypto Apps are Bilking Investors of Millions

Threat actors have defrauded 244 U.S. investors of about $42 million through fake cryptocurrency apps that exploit people’s legitimate investments in digital currency, the FBI has revealed. The agency observed a number of cybercriminal campaigns that duped people into downloading malicious apps...