$41M Crypto Scam Exposed: Taiwan Indicts 14 in BitShine Fraud Case
Taiwanese authorities have wrapped up a major investigation into one of the country’s most high-profile crypto-related fraud cases, filing charges against 14 individuals linked to the BitShine exchange. Prosecutors allege the group conspired with criminal networks to siphon NT$1.27 billion (approximately $41 million) from more than 1,500 victims through a scheme that combined fraudulent investment […]
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Police administration in Taiwan arrested 14 people that were allegedly involved in a cryptocurrency investment scam. This scam defrauded more than 100 people out of about NT$150 million (US$5.41 million) over the past year. Local Taiwan news site – The Taipei Times – reported this news on Monday. According to the report, the Criminal Investigation Bureau (CIB) […]
Fourteen suspects allegedly behind a cryptocurrency scam have been arrested in Taiwan. According to the country’s Criminal Investigation Bureau, the scheme has defrauded investors out of millions of dollars. Suspects Behind Crypto Scam in Taiwan Arrested The country’s Criminal Investigation Bureau (CIB) explained that the crypto scam allegedly defrauded more than 100 people out of about NT$150 million (US$5.41 million) over the past year. The suspects now face charges of fraud, money laundering, and breaches of the country’s Organized Crime Prevention Act, the Taipei....
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter. Once the “new flash mob project” gained traction, members of this conspiracy planned to sell the “airdropped” tokens to....
Crypto scam is a pain in the neck for governments around the globe. It involves a huge amount of money and as technology advances, so do the tricks fraudsters employ behind the scheme. British authorities have ordered the shutdown of two companies involved in a crypto-related fraud. An investigation into the two firms revealed that […]
The US Department of Justice (DOJ) has announced a crypto podcaster and online personality known as T.J. Stone has been sentenced to prison on a count of wire fraud. The convict allegedly swindled several unsuspecting victims of over $2 million in an elaborate investment scam. Related Reading: US Congressman To Introduce New Crypto Bill Protecting […]