India: Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported on the arrests on March 22.Per the report, the police arrested Ashok Goyal Jaipuria, Asif Malpani, Baljit Singh Saini and Pradeep Arora…

Fake MetaMask Crypto Malware Pulled From Google Play After Tip-Off

Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported Feb. 8.The malware, which replaces computer clipboard information in an attempt to steal cryptocurrency, was removed by Google at the beginning of the month after a tip-off from Eset researchers.Known as…

South Korea: Four ‘Young’ Hackers Booked in Cryptojacking Case Targeting Over 6,000 PCs

Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8.Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.Aju Daily…

Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‘Not Guilty’

Three Thai citizens who are currently being prosecuted for allegedly swindling $24 million worth of Bitcoin (BTC) have pleaded “not guilty” in the Criminal Court of Bangkok, major Thai newspaper Bangkok Post reports Wednesday, Nov. 7.During the hearings, Thai prosecutors accused the three defendants and six accomplices of defrauding 21-year-old Finnish investor Aamai Otava Saarimaa…

New Zealand’s Financial Authority Blacklists Three Local Crypto Platforms

The Financial Markets Authority (FMA) of New Zealand has added three new crypto-related websites to its list of online scams, an announcement by the FMA reveals Thursday, Nov. 1.On Nov. 1, the FMA listed three companies — Crypto Gain, Russ Horn, and Zend Trade — on its “scam” list, where citizens are warned about the…

FTC Issues Warning on Bitcoin Blackmail Scams

The U.S. Federal Trade Commission (FTC) is warning consumers warns about a new type of bitcoin scam aimed at blackmailing men. Scammers are sending letters threatening to expose an alleged secret to men, and asking for a “confidentiality fee” paid through bitcoin, wrote Cristina Miranda, a member of the FTC’s Division of Consumer and Business…