ASIC has banned former BitConnect Ponzi scheme representative, John Louis Anthony Bigatton from providing financial services for seven years.
Venezuela's retail merchants are protesting Petro by refusing to accept it as a payment method. Is Venezuela Petro Cryptocurrency a Scam?
Netherlands is planning to punish crypto scammers and other forms of fraud involving new payment methods such as banking applications and Tikkie.
China-based crypto exchange China has halted its services after its CEO went missing with all the cold wallets keys thereby locking it out of business.
Thousands of investors lost money with OneCoin Scam. Meanwhile, OneCoin co-founder Ruja Ignatova has disappeared with $ 400 million fraud allegation.
Russia plans a legal mechanism for the seizure and confiscation of cryptocurrency fraud. Russia’s interior ministry will work with various state organs.
Commodity Futures Trading Commission CFTC filed a lawsuit against Circle Society for misappropriating $11 million worth BTC.
The Cryptocurrency company Longfin was condemned by the US Court to pay about $6,755,848 in fines and disgorgement to the US Securities and Exchange Commission (SEC) for leading fraudulent public offers and falsifying revenue from false goods transactions.
Philippine police have reportedly raided an alleged cryptocurrency scam firm that has victimized more than 1,000 Chinese nationals.
According to Charles Randell, a growing number of investors have been defrauded in FX and crypto scams in the UK.