The CFTC has sued Trevor Vernon and Argent Capital Management for allegedly defrauding over 60 investors out of $14.8 million through a crypto commodity pool. Vernon is accused of misrepresenting trading success, concealing significant losses, and misappropriating funds.
Rodney Burton, a Florida resident, pleaded guilty to operating an unlicensed money-transmitting business linked to the $1.8 billion HyperFund crypto fraud. The scheme promised false returns to thousands of investors globally.
Rodney Burton, known as "Bitcoin Rodney," pleaded guilty to conspiring to operate an unlicensed money transmitting business linked to a $1.8 billion crypto fraud scheme. He personally received over $7.8 million and promoted the HyperFund platform, which prosecutors describe as a wire-fraud operation. Burton faces up to five years in prison.
TRM Labs warns crypto scammers are targeting FIFA World Cup fans with fake ticketing sites, fixed-match betting, and event-themed promotions. The FBI and FIFA have also issued warnings about fraudulent websites and unofficial ticket sales ahead of the 2026 tournament.
Geoffrey K. Auyeung, 47, was sentenced to five years in prison for laundering nearly $100 million in crypto fraud proceeds. He facilitated the transfer of victim funds to co-conspirators' accounts and crypto addresses, earning at least $4 million in commissions.
US authorities and major tech firms like Coinbase, Meta, and Apple froze over $3.8 million in crypto stolen from Americans as part of 'Disruption Week.' The initiative targeted organized crime in Southeast Asia, disrupting millions of scam accounts and leading to seven arrests in Thailand.
Myanmar's military government has proposed the Anti-Online Fraud Bill, introducing severe penalties including life imprisonment and the death penalty for digital currency and online fraud. The law targets scam centers and comes amid international efforts to combat such operations.
Binance, the world's largest crypto exchange, says it has deployed more than 100 AI models to counter a surge in AI-powered scams.
U.K. police charged British sprinter CJ Ujah in an alleged crypto fraud scheme involving wallet seed phrase theft and impersonation calls.
Prosecutors say Jeong Sang-ho’s “active deceptive acts” left nearly 2,800 investors frozen out of their funds, as South Korea's crackdown on the crypto industry widens.
Apple announced John Ternus will succeed Tim Cook as CEO by September 2026, just as cybersecurity researchers uncovered a wave of fraudulent crypto wallet apps in the App Store. Kaspersky identified 26 apps impersonating major crypto brands including MetaMask, Ledger, Trust Wallet, and Coinbase, linked to a campaign called SparkKitty. American musician G. Love lost 5.9 Bitcoin (~$436,000) via a fake Ledger app. The timing presents Ternus with an immediate security challenge to Apple's 'walled garden' reputation.
The SEC has sued crypto executive Donald Basile over an alleged $16 million scheme involving false claims about an “insured” Bitcoin Latinum token.
