Fraud

QuadrigaCX

2026-07-09 00:32:17

QuadrigaCX Co-Founder Michael Patryn Exposed as Convicted Fraudster with Multiple Aliases

Bloomberg investigation reveals QuadrigaCX co-founder Michael Patryn is actually Omar Dhanani, a convicted criminal with a history of identity theft, credit card fraud, and 18 months in US federal prison. He later changed names twice and co-founded the collapsed Canadian exchange.

470

SafeMoon

2026-07-08 22:34:15

Ex-Safemoon CTO Pleads Guilty to Fraud: The $8 Billion DeFi Scam Unraveled

Thomas "Papa" Smith, former CTO of Safemoon, has pleaded guilty to conspiracy to commit securities fraud and wire fraud. The DeFi project peaked at $8 billion market cap before collapsing in 2023 after executives embezzled $200 million. One co-founder fled to Russia while the CEO continues to fight charges.

1820

SafeMoon

2026-07-08 22:34:15

SafeMoon's Former CTO Pleads Guilty to Fraud, Ending $8B Crypto Scam

Thomas 'Papa' Smith, ex-CTO of SafeMoon, pleaded guilty to conspiracy to commit securities fraud and wire fraud. The $8B DeFi project collapsed in 2023 after executives stole $200 million. Smith is the second top executive to admit guilt.

1810

Hong Kong

2026-07-08 21:56:15

Hong Kong Central Bank Warns Fake HSBC Stablecoin Tokens Circulating Before Regulated Issuance

Hong Kong Monetary Authority warns fake stablecoin tokens using names of licensed issuers (HSBC, Anchorpoint) are circulating. No regulated stablecoins have been issued yet. HSBC plans HKD stablecoin launch in H2 2026 via PayMe and HSBC HK App.

470

cryptocurrenc

2026-07-08 20:50:12

Fake Crypto Mining Apps Scam Over 93,000 Users on Google Play

Lookout reports 175 fake cryptocurrency mining apps on Google Play and third-party markets, scamming 93,000+ users and causing over $350,000 in losses. The apps display fake earnings and charge for useless upgrades.

1740

Believe

2026-07-08 19:26:13

Believe Founder Arrested on Strangulation Charges as Token Collapses 99.8%; Class Action Alleges $54M Extracted Fees

Ben Pasternak, 26-year-old founder of Solana-based token launchpad Believe, was arrested in New York on strangulation and assault charges. The BELIEVE token trades 99.8% below its all-time high, while a class action lawsuit alleges he extracted $54 million in fees across three token iterations.

410

Celsius

2026-07-08 18:08:15

Celsius Ex-CEO Alex Mashinsky Sentenced to 12 Years for $7B Fraud

Alex Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison for commodities and securities fraud involving $7 billion in customer losses. He forfeited $48 million under a plea deal.

1710

regulation

2026-07-08 18:06:13

Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for $7B Fraud

Alex Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison for defrauding customers and manipulating CEL token price, forfeiting $48 million, causing nearly $7 billion in losses.

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