Cryptocurrency fraud

Myanmar has approved the death penalty for forced scam labor and life imprisonment for cryptocurrency fraud. The United Nations estimates that scam operations in the region caused up to $114 billion in losses in 2025.

A Ponzi scheme marketed as a cryptocurrency investment on the WS platform has devastated families in Cape Verde, with one victim, Carlos Correia, losing €4,000. West Africa recorded $2.1 billion in suspicious crypto transactions in 2024, and Cape Verde lacks a dedicated crypto-asset regulatory framework.

Three men were jailed for posing as police in a $5.3 million cryptocurrency fraud. The gang used fake police websites to deceive victims and spent the stolen crypto on luxury items like Rolexes and holidays, according to the Met.

The SEC has resolved its case against NanoBit, a cryptocurrency platform accused of deceiving investors and embezzling funds. The final judgment mandates over $5 million in fines.

Rodney Burton pleaded guilty in federal court over his role in HyperFund, a $1.8 billion global cryptocurrency fraud scheme.

Two men from Chicago and New York City were arrested in New Hartford, NY, during a cryptocurrency fraud investigation. The case began after a local resident reported being a victim of the fraud.

Two men from Chicago and New York City were arrested in New Hartford, NY, as part of a cryptocurrency fraud investigation. The case began after a local resident reported being a victim of the fraud.

The U.S. Department of Justice (DoJ) disrupted Southeast Asia-based cryptocurrency fraud networks, freezing $3.8 million in assets and taking down millions of social media, email, and internet access accounts used by transnational actors. The operation, part of a 'Disruption Week' initiative starting May 18, 2026, involved collaboration between government authorities and private sector companies to combat cyber-enabled fraud targeting Americans.

The Department of Justice, led by U.S. Attorney Jeanine Ferris Pirro and Assistant Attorney General A. Tysen Duva, announced results of a collaborative effort with private industry to combat cyber-enabled and cryptocurrency fraud during a 'Disruption Week' event. The initiative marks a first-of-its-kind government-industry partnership targeting fraud schemes affecting Americans.

British sprinter CJ Ujah and nine others appeared in court accused of cryptocurrency fraud, which resulted in one victim losing over £300,000.

Scam survivors are finding emotional healing through peer support groups organized by FightCybercrime.org, a nonprofit offering counselor-led recovery programs. Participants share experiences of financial losses from romance scams, cryptocurrency fraud, identity theft, and impostor schemes, emphasizing the psychological trauma and stigma they face.

An international law enforcement action led by the U.K.'s National Crime Agency (NCA) has identified over 20,000 victims of cryptocurrency fraud across Canada, the United Kingdom, and the United States. The operation targets cross-border cryptocurrency fraud schemes involving illicit activities in the crypto space.

Cryptocurrency fraud losses reached $5.6 billion in 2023, representing a significant 45% increase compared to 2022. This substantial rise highlights the growing financial impact of cryptocurrency-related fraudulent activities.