Identity Theft | FinTelegram News

Category: Identity Theft

May 24, 2024

Urgent Notice: Beware of Fake Agents Claiming Affiliation with PayRate42

PayRate42, a renowned CyberFinance rating agency, has been a trusted source for profiling over 900 financial services providers, including those in the crypto sector, by assigning compliance and risk ratings. However, their esteemed reputation is currently being misused by fraudsters on social media platforms who are falsely posing as verified or certified agents of PayRate42. A notable case involves an individual named Daniel Leahy on LinkedIn.

December 1, 2023

SSNDOB Marketplace Administrator Sentenced To Eight Years In Prison!

In another cybercrime case, U.S. District Judge Kathryn Kimball Mizelle has sentenced Ukrainian national Vitalii Chychasov, aged 37, to eight years in federal prison. Chychasov's crime was his role in administering the SSNDOB Marketplace, notorious for selling personal information, including names, dates of birth, and Social Security numbers of individuals in the United States.

September 25, 2021

Urgent Warning! JoyTrust scammers fake Blockchain.com

We recently warned again about the JoyTrust broker scam. The German regulator BaFin has announced an investigation into the fraud, and its operator, the UK-registered Top Suite Ltd. The scam continues to be very aggressive and attacks victims in Europe. Currently, JoyTrust contacts potential victims falsely claiming that the customer has a high balance on his Blockchain.com wallet and only needs to pay a $250 conversion fee to get it. As proof, they send a copy of a fake ID of a Blockchain.com employee called Robert Mendes. Please do not fall for it.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.