Crypto Crime News

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting a financial network that supports the Houthis, a group backed by Iran that has been responsible for numerous attacks on vessels in the Red Sea and Gulf of Aden.

A U.S. woman recently became the victim of a major cryptocurrency scam, losing millions of dollars after falling for a well-crafted deception.

The first quarter of 2025 has been marked by a significant surge in crypto hacks, with losses totaling over $1.63 billion.

In the past two weeks, Coinbase users may have fallen victim to phishing schemes resulting in an estimated $46 million in losses, as malicious actors continue to exploit the growing interest in cryptocurrency.

A South Korean court recently handed down prison sentences to three individuals involved in a cryptocurrency investment scam that defrauded investors of approximately $460,000.

Indian authorities recently apprehended five individuals, including one woman, involved in a sophisticated crypto scam that defrauded a businessman of nearly $700,000.

Ben Armstrong, known in the crypto community as BitBoy, has recently been arrested in Florida, creating waves throughout the digital currency space.