An 81-year-old resident of Mumbai has reportedly lost Rs. 87 lakh in a sophisticated cryptocurrency scam that exploited social engineering, false investment promises, and manipulated digital platforms. The victim was allegedly lured with assurances of high returns through trading in virtual assets, only to discover later that the transactions were fabricated and the funds had… Continue reading Mumbai Senior Duped of Rs. 87 Lakh in Elaborate Cryptocurrency Fraud
Tag: Fraud
British Cybercriminal Ordered to Return £4.1 Million in Bitcoin After High-Profile Twitter Hack
A 26-year-old British hacker, Joseph James O’Connor, has been ordered to pay back £4.1 million (around US$5.4 million) in Bitcoin for orchestrating the infamous July 2020 Twitter breach that compromised over 130 high-profile accounts, including those of Barack Obama, Elon Musk, and Joe Biden. The Crown Prosecution Service secured a civil recovery order to seize… Continue reading British Cybercriminal Ordered to Return £4.1 Million in Bitcoin After High-Profile Twitter Hack
Ripple Warns of Escalating XRP Fraud as Impersonation Scams Surge Globally
Ripple has issued a heightened security warning after a sharp rise in fraudulent schemes exploiting the XRP name and brand. The company reports that bad actors are increasingly using impersonation tactics, including fake social media accounts, counterfeit websites and deceptive investment offers, to target unsuspecting investors. These schemes often promise unrealistic returns, solicit personal information… Continue reading Ripple Warns of Escalating XRP Fraud as Impersonation Scams Surge Globally
Navi Mumbai Businessman Loses Rs 3.5 Lakh in Elaborate Fake Crypto Scheme
A Navi Mumbai entrepreneur has reportedly been deceived of Rs 3.5 lakh after falling victim to a fraudulent cryptocurrency investment scheme. The incident highlights a growing wave of digital asset scams that exploit rising interest in crypto trading, particularly among first-time investors seeking quick returns. According to the complaint, the businessman was lured with promises… Continue reading Navi Mumbai Businessman Loses Rs 3.5 Lakh in Elaborate Fake Crypto Scheme
The Fall of the ‘Cryptoqueen’: Inside the £5 Billion Bitcoin Empire That Ended Behind Bars
A Chinese-born crypto magnate who fled to London after amassing a staggering £5 billion Bitcoin fortune has been sentenced to prison, marking one of the most sensational collapses in cryptocurrency history. Dubbed the “Cryptoqueen,” her dramatic downfall underscores the darker side of digital wealth—where unregulated fortunes and opaque transactions can lead to extraordinary consequences. Her… Continue reading The Fall of the ‘Cryptoqueen’: Inside the £5 Billion Bitcoin Empire That Ended Behind Bars
Dubai Couple Triumphs in Landmark Crypto Fraud Case, Recovers Dh1.55 Million
In a significant victory for consumer protection in the cryptocurrency space, a Dubai-based couple successfully recovered Dh1.55 million after falling victim to an elaborate crypto investment scam. The case, which underscores the growing sophistication of digital fraud schemes, was resolved through diligent legal pursuit and regulatory intervention. As cryptocurrency markets continue to expand across the… Continue reading Dubai Couple Triumphs in Landmark Crypto Fraud Case, Recovers Dh1.55 Million
Telangana Police Chief Urges Senior Citizens to Exercise Caution Amid Rising Cryptocurrency Fraud
With the surge in digital investments across India, cybercriminals are increasingly targeting senior citizens through cryptocurrency trading scams. Telangana State Road Transport Corporation (TSRTC) Managing Director and senior IPS officer V.C. Sajjanar has issued a strong advisory urging elderly investors to stay vigilant against fraudulent crypto schemes that promise unrealistic returns. His appeal underscores growing… Continue reading Telangana Police Chief Urges Senior Citizens to Exercise Caution Amid Rising Cryptocurrency Fraud
West Bengal Residents Detained in Cuttack Hotel Raid Amid Major Cryptocurrency Fraud Investigation
In a major law enforcement operation in Cuttack, Odisha, 30 individuals from West Bengal were detained following allegations of involvement in a large-scale cryptocurrency fraud. Authorities raided a hotel suspected of serving as the operational hub for illicit digital currency schemes, which may have defrauded investors of substantial sums. The suspects reportedly used sophisticated online… Continue reading West Bengal Residents Detained in Cuttack Hotel Raid Amid Major Cryptocurrency Fraud Investigation
Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam
Title:Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam Summary (100 words):Renowned hairstylist and entrepreneur Jawed Habib is facing serious legal trouble as more than 30 cases have reportedly been filed against him across Uttar Pradesh for his alleged involvement in a cryptocurrency investment fraud. The accusations claim… Continue reading Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam
Chinese National Pleads Guilty in $6.7 Billion Cryptocurrency Fraud Case
A Chinese national has entered a guilty plea in connection with what authorities describe as the world’s largest cryptocurrency seizure, valued at $6.7 billion (approximately Rs. 5.5 trillion). The case highlights the global challenges regulators face in tracking and securing digital assets, as well as the growing sophistication of cryptocurrency fraud. Law enforcement agencies successfully… Continue reading Chinese National Pleads Guilty in $6.7 Billion Cryptocurrency Fraud Case