Fraud
Indian police arrested nine members of a syndicate on Dec. 14, 2025 for illegally trading bank accounts that were used to carry out multiple cyber fraud schemes. Authorities say the accounts facilitated fraud and helped move illicit proceeds.
Kenya’s Directorate of Criminal Investigations has set up a dedicated unit to combat crypto-related fraud after losses reached $43.3 million, and unveiled new regulatory measures aimed at curbing the trend. The move seeks to strengthen enforcement and protect consumers amid rising digital-asset crime.
Do Kwon, co‑founder of Terraform Labs, was sentenced to 15 years in prison on Dec. 11, 2025 after admitting in August to conspiracy and wire fraud. The ruling is a major legal outcome tied to the collapse of the Terra ecosystem and affects holders of LUNA and LUNC.
Europol announced coordinated December raids that dismantled a €700 million “crypto spiral,” disrupting widespread illicit flows across Europe. Authorities say the operation now moves into an enforcement phase focused on asset tracing and recovery.
The UK’s Serious Fraud Office said on Thursday it is investigating the collapse of a $28 million cryptocurrency scheme and has arrested two men on suspicion of fraud and money laundering. The SFO has urged affected investors and witnesses to come forward as the probe seeks to trace funds and assess recoverability.
A UK court has ordered the man convicted in the 2020 Twitter hack to repay £4.1 million ($5.4 million) in Bitcoin, prosecutors said Monday. The breach targeted high-profile accounts, including former U.S. President Barack Obama.
Ripple warned on Nov. 16, 2025 that impersonation scams targeting XRP holders are increasing, with organized groups using major industry events to spread realistic fake content. Investors are urged to exercise caution as attacks grow more sophisticated.
A UK court sentenced Zhimin Qian to 11 years and 8 months for orchestrating one of China’s largest investment frauds involving roughly $6.3 billion of Bitcoin-related proceeds. The ruling underlines growing global enforcement against large-scale crypto scams and may reshape investor confidence in BTC markets.
Argentina issued a sweeping asset freeze against Hayden Davis as part of a cross-border $250 million Libra fraud investigation now active in Buenos Aires and New York. The move raises fresh questions about enforcement reach and investor exposure in memecoins and other crypto products.
An Argentine judge has frozen assets linked to a scandal surrounding the LIBRA memecoin after investor losses were reported. The case highlights growing legal scrutiny of memecoins and potential political entanglements in Latin America.