Senators Introduce Bipartisan Bill to Establish Federal Crypto Scam Taskforce► https://t.co/H2ccR54sth https://t.co/H2ccR54sth ...

Justice Department Seizes Domain Linked to Burma-Based Crypto Scam Compound► https://t.co/Gj2S2SVXDL https://t.co/Gj2S2SVXDL ...

🇹🇷 ALERT: Thodex’s jailed CEO was found dead, ending Turkey’s $2B crypto scam saga. https://t.co/AtMBaA18gl ...

EU Arrests Nine in Connection with $689M Crypto Scam Network► https://t.co/PZiSwmwXyC https://t.co/PZiSwmwXyC ...

Thai Police Bust $15M Crypto Scam Ring Targeting Hundreds of Koreans► https://t.co/PTYLN2bjDW https://t.co/PTYLN2bjDW ...

$1.4B V Global Crypto Scam Accomplices Avoid Jail Time in Korea► https://t.co/LxUyEwcwms https://t.co/LxUyEwcwms ...

US DOJ Moves to Recover $12M in USDT Tied to Crypto Scam► https://t.co/jrsItSQVhd https://t.co/jrsItSQVhd ...

Group 1 - Shengsheng He was sentenced to 51 months in federal prison and ordered to pay $26.9 million in restitution for laundering nearly $37 million stolen from U.S. investors through a cryptocurrency scam [1] - He co-owned Axis Digital Limited, a Bahamas-based company that facilitated the transfer of victim funds through unsolicited messages and social engineering tactics [2] - The scam involved promoting fraudulent digital asset investments, misleading victims into believing their investments were appreciating while the funds were actually stolen [2] Group 2 - The funds were funneled through shell companies and overseas accounts to obscure their origin, with operations linked to Cambodian "pig butchering" centers [3][4] - In 2024, pig butchering scams generated $9 billion, highlighting the scale of digital fraud in the cryptocurrency space [4] - The Justice Department has intensified its crackdown on crypto-related fraud, seizing digital assets linked to various illicit activities and returning millions to victims [4][5] Group 3 - Eight co-conspirators, including business partners of He, have pleaded guilty in the Axis Digital case, indicating a broader network involved in the scam [5] - The DOJ has taken action against Russian-run exchanges accused of processing over $800 million in illicit transactions, showcasing the international dimension of cryptocurrency fraud [5]

Adele, Future and Michael Jackson Instagram Accounts Hijacked for Crypto Scam► https://t.co/qXJAN9EgXK https://t.co/qXJAN9EgXK ...

Crypto Scam Sites Make Up a Fifth of ASIC’s Two-Year Takedown► https://t.co/maqqYRGgsL https://t.co/maqqYRGgsL ...