by Jyotsna Bucktowar | Feb 14, 2025
Initially focused on charity Taylor later shifted CluCoin’s focus to NFTs, gaming, and a metaverse platform. To drive interest, he organized “NFTCon: Into the Metaverse” in Miami in April 2022. Following the event, Taylor accessed the funds from CLU investors and...
by Jyotsna Bucktowar | Feb 13, 2025
The dashboard displayed fake profit data while founders spent the proceeds on luxury properties, vehicles, and investments. They have agreed to forfeit over $400 million in assets which will be used to compensate victims through a remission process. Both pleaded...
by Jyotsna Bucktowar | Feb 11, 2025
Patel, founder of Payza, ran a platform that allegedly facilitated criminal activities, including Ponzi schemes and illicit sales. Despite claiming minimal assets during his 2020 sentencing Patel secretly amassed 450 bitcoin in a Binance wallet before moving it to a...
by Jyotsna Bucktowar | Jan 17, 2025
Masterminded by James Parker the scam exploited a loophole in a crypto exchange allowing his associates to withdraw millions before his death in 2021. Authorities have recovered significant assets with the CPS emphasizing its commitment to targeting proceeds of...
by Jyotsna Bucktowar | Jan 16, 2025
The report highlights significant ML/TF risks in decentralised finance (DeFi), citing vulnerabilities such as weak customer due diligence and anonymity features that obscure transaction origins across decentralised exchanges, lending, and staking...
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