Global #fraudulent schemes

In a major crackdown on crypto-related fraud, South Korean police have arrested 215 individuals, including a popular YouTuber with 620,000 followers, for masterminding a crypto investment scam that defrauded over 15,000 victims of approximately 300 billion won (roughly $222 million).

In a decisive move to combat the escalating threat of cryptocurrency scams, the Commodity Futures Trading Commission (CFTC) has announced a new partnership with the American Bankers Association Foundation and the Securities and Exchange Commission (SEC).