A major crypto failure doesn’t always ruin reputations. In fact, it can sometimes lead to a new career. One trader, known as 0xSisyphus, lost $60 million in a failed project called AnubisDAO back in 2022. The money vanished, victims got nothing back, and no one faced legal consequences. Yet instead
Kraken’s parent company, Payward Inc. , has filed a new lawsuit against former custody partner Etana and its CEO, alleging that more than $25 million of client money was misused. The claim comes as Etana is battling Chapter 11 bankruptcy and has been accused of running a “Ponzi‑style” operation. Acc
A worldwide police team made big moves against crypto fraud. In a joint effort by Dubai, the United States and China, 276 people were taken into custody and nine fraud hubs were shut down. These sites had tricked Americans into losing millions by selling fake cryptocurrency investments. The operati
A massive crackdown on fake cryptocurrency investment scams has just wrapped up, with over 270 arrests worldwide after a months-long investigation. Authorities say these scams, known as "pig-butchering, " tricked Americans into sending their savings by pretending to be friends or romantic interests
A federal team has pulled back $700 million that had been siphoned by a Chinese‑run fraud ring operating from a compound in Burma. The money was trapped on blockchain networks, but new tools let authorities freeze and redirect it back to those who lost their savings. The operation was led by a joint
A tech founder nearly lost his crypto wallet after a fake Microsoft Teams call that looked totally real. The call included a face and voice he recognized—someone he’d spoken with before from the Cardano Foundation. Two other people joined, making the setup feel normal. When the video froze, a prompt
Evan Tangeman, 22, from Newport Beach, got 70 months in prison for helping move more than $263 million in crypto. He admitted to laundering at least $3. 5 million for a group that used online games as a front. The gang pulled the money by hacking databases, calling targets and breaking into ho
A new crypto project linked to political figures has raised eyebrows after teaming up with a network accused of serious crimes. The project, World Liberty Financial, includes members of the Trump family among its founders. They chose to work with a company called AB, which runs a crypto-focused reso
In 2021, Donald Basile convinced over a hundred people to hand over $16 million for a cryptocurrency called Bitcoin Latinum. He claimed it was "insured" and backed by real assets, making it a safe investment. The catch? No insurance actually existed. The SEC now says Basile lied about the token’s sa
In 2025, a Connecticut resident lost a huge sum of cryptocurrency after falling for what looked like an official security notice. The message claimed their Ledger device—a small gadget used to store crypto—needed an urgent update. But the letter was a scam. When the victim followed the instructions,
