A London gang cold-called crypto holders, told them their assets were at risk, and moved the money into a Dubai safety deposit box and a Louis Vuitton receipt trail. Then the Met arrived at their door.
Taiwan's Shilin District Court sentenced Shi Qiren to 22 years for running a crypto exchange that laundered NT$2.3 billion (about $75M USD) through 45 physical storefronts. The FSC registration on the wall was not what the customers thought it was.
A Southwark Crown Court sentencing this week put three men behind bars for a £5 million ($5.4M USD) crypto fraud built on a single lie: that the caller on the other end of the line was the police. The lie worked because the callers had already done the reading.
Federal prosecutors allege Benjamin Paul Wiener built eight companies to move roughly $20 million from dozens of investors through a loop that looked like returns and worked like a pump. This is what the pipe looked like from the chair of someone who wired in.
Christopher Delgado has agreed to plead guilty to running a $250 million crypto Ponzi out of Orlando. The pool he sold investors on existed mostly as a phrase in a law firm's opinion letter.
Polish authorities arrested four people this week in a SIM-swap and money laundering operation that allegedly drained tens of millions of zloty in crypto. A pseudonymous investigator linked one of the suspects to the case through his own Instagram feed.