Topic: #fraud
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Self-styled 'Godfather' Adam Iza gets 78 months for $37 million Meta fraud
Adam Iza, who called himself "The Godfather," was sentenced to 78 months for defrauding Meta of over $37 million, the DOJ said, with the term running concurrently with a 15-year bitcoin robbery sentence.
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'Crypto Godfather' Adam Iza sentenced to 78 months over $37M Meta ad fraud
Adam Iza, the self-styled "Crypto Godfather," was sentenced on October 5, 2026, to 78 months for wire fraud tied to roughly $37 million from Meta ad accounts, tax evasion and conspiracy against rights, Crypto Briefing reported.
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'Crypto king' Aiden Pleterski to represent himself at Ontario fraud trial
Aiden Pleterski, a self-described 'crypto king' accused of defrauding followers of about $30 million, is expected to represent himself when his fraud trial opens Oct. 5 in Ontario.
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EU Regulators Warn of Crypto Impersonation Scams Amid MiCA Rollout
European regulators are cautioning cryptocurrency users about a spike in impersonation scams targeting investors displaced by the EU's MiCA framework, which requires all crypto firms to obtain licenses or exit the market by a set deadline.
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Feds charge Few and Far founder Taj Tarsha with $10M investor fraud
Federal prosecutors charged Taj Tarsha, founder of NFT marketplace Few and Far, with securities and wire fraud after he allegedly raised more than $10 million from investors and diverted the funds to gambling, cryptocurrency trades, and personal expenses including a DJ hobby.
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Former BNB Chain Employee Deploys ASTEROID Token, Exits With $638K
A former BNB Chain employee deployed the ASTEROID token, acquired 79.67% of the supply for $10,000, and sold 718.8 million tokens for $628,000–$638,000 before the token crashed 50% in 20 minutes. BNB Chain initiated legal action and denied any affiliation.
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Argentine judge freezes 25 wallets in LIBRA memecoin fraud probe
A federal judge in Argentina has ordered the identification and freezing of 25 cryptocurrency wallets linked to the LIBRA memecoin scandal, which collapsed after being publicly promoted by President Javier Milei. Investigators estimate losses exceed $250 million.
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UK Fraud Review Urges Judge Training on Crypto Laundering and AI Scams
A government-backed review recommends judges and magistrates be trained to handle a surge in cryptocurrency money laundering and AI-enabled fraud cases, warning that courts lack equipment and expertise for cases of unprecedented scale.
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CryptoBandits malware hijacks wallet addresses, crypto fraud hits $17B in 2025
Microsoft's threat intelligence team published analysis of CryptoBandits, a Windows malware that hijacks copied wallet addresses and steals seed phrases. Crypto fraud losses hit record highs in 2025, with individual holders increasingly targeted by scams that don't break cryptography but manipulate what your machine shows.
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Thailand issues arrest warrants for Chinese businessman in $300M crypto mining fraud
Thai authorities have issued arrest warrants for eight suspects, including Chinese businessman Wang Yicheng, tied to an illegal crypto mining network allegedly laundering approximately $300 million annually through online scams and gambling operations.
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FBI warns of crypto scammers using couriers to collect cash from victims
The FBI issued a June 15 warning about crypto scammers using couriers to collect physical cash from victims, a tactic that bypasses bank fraud detection and complicates prosecution. Seniors are the primary target.