Cybercrime | FinTelegram News

Category: Cybercrime

September 27, 2023

Urgent Warning Against Broker Scam AlphaCapital And Fake Company Nexus LLC!

The Spanish regulator has recently issued a warning against the broker Scam AlphaCapital. It is allegedly operated by Nexus LLC, which is registered in St. Vincent & The Grenadines. This company does not exist in the company register there. Nexus LLC has already operated several other scams, such as Cuarto Capital. In addition, there is apparently also a connection to the Nigerian broker Berfam Markets. Stay far away.

September 27, 2023

Business Insider reports on the EFRI lawsuits filed by scam victims against ING and Payvision!

FinTelegram has reported a number of stories since 2018 about Dutch FinTech Payvision's involvement as a payment processor in broker scams. Payvision was acquired by major Dutch bank ING in 2018 and continued its illicit activities. The European Fund Recovery Initiative (EFRI) has coordinated victim lawsuits against supporting payment processors like Payvision for years. Business Insider has now also reported on these lawsuits.

September 26, 2023

Strange: US regulator SEC Objected To Repayment Plan Of Bankrupt Crypto Lender Celsius Network!

The U.S. SEC has raised concerns over the reorganization plans of the collapsed crypto scheme Celsius Network, citing its ongoing legal battle with crypto exchange Coinbase. On September 22, the SEC voiced its reservations to the U.S. Bankruptcy Court regarding Celsius' fourth restructuring proposal. Coinbase Chief Legal Officer Paul Grewal took to Twitter to publicly challenge the SEC's view.

September 25, 2023

Attention: Read The Real Story Of Another Fund Recovery Scam!

The following fraud fund recovery story was filed with the U.S. FBI, which we have on file. In the bustling city of Sofia, Bulgaria, Elena I., a diligent and hopeful investor, was about to be ensnared in a web of deceit. It was a warm July morning in 2023 when her phone rang. The voice on the other end introduced himself as David Varga, a Cypriot citizen claiming to be an employee of the Cypriot regulator, CySEC. Here is the story:

September 24, 2023

Interesting: Mercuryo CEO Petr Kozyakov About The Hacker War Against The Crypto Universe!

Russian Peter Kozyakov is the CEO of crypto payment processor Mercuryo, which has been in the news lately for losing lawsuits on FinTelegram. Kozyakov and his Mercuryo are part of the international crypto scene and are also very familiar with the dark side of the crypto universe. In this respect, it is not surprising that Kozyakov writes an article worth reading on Hackernoon about the war of hackers against the crypto world.

September 23, 2023

Gen Z Hackers And The Dawn Of The New Cybercrime Age!

Palo Alto Networks has uncovered a new breed of cyberattacks led by groups known by names like Scattered Spider, UNC3944, or ALPHV. These hackers believed to be young individuals from Western countries, employ advanced impersonation techniques to breach major corporations. This trend suggests that as the digital-native Gen Z enters the scene, cybercrime is poised to evolve, heralding a new era of sophisticated digital threats.

September 22, 2023

Former Wirecard Supervisory Board Member Paints A Dark Wirecard Picture In The Munich Trial!

Since the end of 2022, the Wirecard scandal has been under trial at the Munich Regional Court. Witness and former supervisory board member Vuyiswa M'Cwabeni explains why even the Supervisory Board failed to prevent it. Her testimony is partly disturbing, court reporters say. She tells of appeasement, moments of shock and bewilderment. The former Wirecard supervisory board member M'Cwabeni testified in the Munich Wirecard trial.

Money Laundering

September 22, 2023

Vast Money-Laundering Case Damages Singapore’s Reputation As The “Switzerland of The East!”

Singapore’s image as a squeaky-clean business hub is under scrutiny amid a huge money laundering scandal that has resulted in 10 arrests and the seizure of assets worth 2.4 billion Singaporean dollars ($1.65bn). Members of Parliament (MP) in Singapore filed a total of 32 questions on anti-money laundering initiatives in light of the recent money laundering case.

September 22, 2023

Additional Lawsuits Filed By FTX Estate Against Former Partners For Alleged Misuse Of Funds.

The insolvency proceedings concerning the U.S. digital currency platform FTX continue to evolve. As reported, FTX has initiated legal action against the parents of its founder and former CEO, Sam Bankman-Fried (SBF), alleging misappropriation and seeking restitution of funds. Prior to the formal declaration of FTX's insolvency, termed the "Preference Period," the named parties allegedly benefited from transactions deemed as preferential transfers, as per the legal documentation.

September 21, 2023

Italian Watchdog Consob Finally Has Awakened From Hibernation And Ordered 5 Blackouts.

After many weeks of summer break, the Italian financial regulator Consob has finally returned with investor warnings. The long break was incomprehensible and irresponsible, as we have complained about here. In the press release of September 20, 2023, Consob announced the blackout of five illegal financial websites. This brings the total number of websites blocked for Italian visitors to date to 935.

September 21, 2023

A Steep Fall From Grace: Standford University To Return FTX Donations!

Stanford University allegedly plans to return substantial charitable donations it received from collapsed crypto exchange FTX, founded Sam Bankman-Fried (SBF). The contributions, amounting to over $5.5 million, were allegedly influenced by Joseph Bankman and Barbara Fried, both professors at Stanford Law School and parents of SBF. Allegedly, these donations were made to enhance the professional and social standing of the professors at the expense of FTX Group.

September 21, 2023

Dark Banker And Owner Of FCA-Regulated Payment Institution Extradited Over Money-Laundering Charges.

A UK Court ruled that the Italian national Caio Marchesani, director and owner of FCA-regulated Trans-Fast Remittance Ltd, must be extradited to Belgium over allegations of laundering significant sums via cryptocurrency for criminal syndicates. Bloomberg reports suggest that Marchesani facilitated major crypto transactions for a renowned criminal group, a scale seldom witnessed by European legal authorities.