ChainCatcher news, on-chain detective ZachXBT posted that the Crypto.com team recently reissued 70 billion CRO tokens, which were previously promised to be "permanently destroyed" in 2021, accounting for 70% of the total supply. This move seriously violates community consensus, as the team controls the majority of the token circulation.ZachXBT criticized this behavior as akin to fraud and questioned why Truth still chooses to cooperate with them instead of other platforms like Coinbase or Kraken.Previous news, Trump Media & Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with the crypto trading platform Crypto.com, planning to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, expected to be officially launched in 2025, pending the signing of a final agreement and regulatory approval.

ChainCatcher news, according to Cryptonews, Thai police have arrested two Chinese citizens suspected of cryptocurrency fraud and kidnapping. The police arrested 27-year-old Wu Di (phonetic) and her boyfriend 29-year-old Zhou Zongyong (phonetic) at a luxury villa in Pattaya.Investigations show that Wu Di lured victims to invest in a fictitious Singapore dollar investment fund through Facebook, defrauding over 600 million Thai baht (approximately 17.7 million USD) in just the past two months. The scammers used "puppet accounts" to temporarily hold the funds, which were then converted to USDT through P2P transactions on Binance and other Thai digital asset exchanges, before being transferred to Wu Di's digital wallet registered in Cambodia.Police also discovered that Zhou Zongyong was involved in the kidnapping of a Chinese woman in Cambodia and demanded a ransom; the woman is currently still missing. Thai police stated that the couple will first undergo legal proceedings in Thailand and will then be handed over to Chinese authorities for prosecution under Chinese law.

ChainCatcher news, according to News.bitcoin, the U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency investment fraud scheme has been recovered, and victims are now being invited to submit petitions to have the funds returned.Authorities stated: "These fraudulent websites mimic legitimate cryptocurrency investment platforms, but they funneled victims' funds to the perpetrators through more than 75 bank accounts opened in the names of shell companies." Victims were misled into believing that the value of their investments was increasing, but in reality, the profits were fabricated.After laundering the funds through a series of complex domestic and international transactions, the criminals ultimately transferred the money overseas. In June 2023, the U.S. Secret Service seized funds from a foreign bank account, prompting the DOJ to file a civil forfeiture lawsuit.After a claim was made by the foreign bank, both parties reached a settlement, resulting in the $7 million being forfeited to the United States.

ChainCatcher news, according to Bitcoin.com, Montana is accelerating the advancement of a digital asset regulatory framework to address the surge in cryptocurrency fraud. State Securities and Insurance Commissioner James Brown cited data from the Federal Trade Commission, stating that nationwide fraud losses reached $12.5 billion in 2024, a year-on-year increase of 25%, with the elderly population becoming a primary target due to their demographic representation ranking sixth in the nation.Brown supports the "Digital Token Regulatory Act" being reviewed by the state legislature, which would authorize regulatory agencies to implement access reviews and ongoing supervision of blockchain service providers, emphasizing "promoting the coordinated development of economic innovation and consumer protection through clear boundaries of rights and responsibilities." If the bill passes, Montana will become the first jurisdiction in the U.S. to systematically regulate on-chain trading entities.Regulatory actions focus on three major risk areas:"Pig Butchering" social engineering scams: 15 cases have been filed statewide in 2024, involving over $900,000, with scammers inducing victims to invest in fake trading platforms by fabricating personal relationships;Bank transfer fraud: using cryptocurrency mixing services to obscure the flow of funds;High-yield investment traps: evading compliance reviews by promising excessive returns.Brown announced the establishment of a cross-departmental digital asset enforcement team, opening a 24-hour reporting channel, and plans to collaborate with federal agencies to trace on-chain funds. Industry insiders point out that this move may provide a paradigm reference for Web3 regulation across U.S. states.

ChainCatcher news, according to the Hong Kong Commercial Daily, the Hong Kong police launched an operation codenamed "Shijue" in the Yau Tsim District from March 10 to 19, successfully cracking down on a series of fraud and money laundering activities. This operation solved 45 cases and arrested 54 suspects, with a total amount involved reaching HKD 194 million.The case with the highest amount involved is a virtual currency investment fraud targeting foreign nationals, with an amount as high as HKD 72 million. Victims were deceived into investing in virtual currency and transferring funds to designated bank accounts. The police have arrested two women from the mainland (aged 30 and 34), who claimed to be a housewife and a businesswoman, and they were charged with money laundering on March 11 at the Kowloon City Magistrates' Court.

ChainCatcher news, the South Korean prosecution has requested the court to sentence a man to 10 years in prison for stabbing the CEO of the South Korean cryptocurrency custody company HaruInvest during a court hearing in August 2024. The Southern District Prosecutor's Office in Seoul confirmed to The Block that they made the sentencing request during the final hearing of the court attack case on Wednesday, considering the severity of the crime.The attacker, identified as Mr. Kang (phonetic), 51, repeatedly stabbed Haru Invest CEO Lee Hyung-soo in the neck with a fruit knife. Lee Hyung-soo was quickly taken to the hospital, but his injuries were not life-threatening.This incident occurred while Lee Hyung-soo was appearing in court due to multiple fraud-related charges. According to the prosecution, from March 2020 to June 2023, Haru Invest attracted about 16,000 domestic and foreign investors by promising to return the principal and pay interest of up to 16%, despite the company being in a state of capital impairment since 2019. On June 13, 2023, Haru Invest suddenly suspended deposits and withdrawals and announced bankruptcy last November.

ChainCatcher news, the Spanish police have successfully dismantled a Bitcoin-themed cryptocurrency pyramid scheme that promoted "false cryptocurrency investments," resulting in losses of approximately $32.6 million for victims. The police have arrested 8 suspects, but it is estimated that "over 3,600 people" suffered losses in this scheme.The Economic and Financial Crime Department of the National Police Force (CNP) revealed that the mastermind of this criminal network is a "computer programmer," who has been captured in Malaga.

ChainCatcher news, according to News.bitcoin, a San Francisco federal jury found AML Bitcoin founder and CEO Rowland Marcus Andrade guilty of wire fraud and money laundering. Andrade is scheduled to be sentenced on July 22, 2025. He faces up to 20 years in prison for wire fraud and up to 10 years for money laundering, along with the forfeiture of assets related to his crimes.According to evidence presented at trial, 47-year-old Andrade from Texas misappropriated over $2 million from AML Bitcoin sales for personal expenses, including the purchase of two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used that money to finance his purchases. The jury found that Andrade falsely claimed that AML Bitcoin was about to receive approval from the Panama Canal Authority, but no such agreement existed. Through these false statements, he raised millions of dollars from investors.

ChainCatcher message, the official 1inch account stated that some fraudulent emails impersonating official 1inch have been discovered. These phishing emails appear legitimate but contain malicious links or attachments that may compromise your security. The community is advised to remain vigilant.

ChainCatcher news, according to Jinshi reports, the WeChat Security Center has issued a notice stating that it has recently received user complaints about criminals luring users to third-party platforms under the guise of "high-yield investment," "guaranteed profits," "insider information," and other claims, falsely claiming to provide services such as stock recommendations, virtual currency trading, and foreign exchange investments. In reality, they implement scams through means such as fabricating data, manipulating price fluctuations, and shutting down platforms.The WeChat team will continue to strengthen the crackdown on fraudulent investment and financial management activities. For the aforementioned illegal behaviors, after verification and confirmation, we will impose tiered penalties on the relevant accounts based on the severity of the violations.The WeChat Security Center reminds users that investment carries risks, and any investment project claiming "capital protection with high returns" or "low-risk high profits" is suspected of fraud. Please do not trust financial recommendations from unofficial channels, and do not transfer money to unfamiliar accounts or disclose personal financial information.

ChainCatcher news, the New York State Legislature is considering a new bill (A06515) aimed at establishing multiple criminal offenses related to cryptocurrency fraud.The bill, introduced by Assemblyman Vanel, will add new provisions (Section 191 of Chapter K) to the New York State Penal Law, specifically defining types of offenses related to fraud in the cryptocurrency space, including: virtual token fraud, illegal "rug pulls" (where project teams abscond with funds), private key fraud, and fraud involving undisclosed interests in virtual tokens.

ChainCatcher news, according to the Straits Times, Singapore's Minister of State for Home Affairs Sun Xuelin stated that last year, cryptocurrency scams accounted for a quarter of the total losses from fraud. In the highest-value scam case last year, the victim clicked on a fake meeting link, downloaded and ran malicious code on their computer, resulting in a loss of approximately 125 million Singapore dollars.Sun Xuelin mentioned that, in addition to malware, scammers also design fake websites, send phishing links, or use "pump and dump" tactics to inflate the prices of memecoins before causing them to plummet. "Our advice to the public is to stay away from cryptocurrencies. The risk of being 'burned' is very high, and if you become a victim of a scam, the chance of recovering even a cent is very slim."

ChainCatcher news, Infini founder @Christianeth posted on the X platform: "Recently, many people have impersonated me to scam, please do not believe anything that requires payment."Previous news, the Infini founder left a message on the hacker's blockchain, hoping to reach a white hat agreement, allowing 20% of the stolen assets to be kept as a bounty.

ChainCatcher news, the Office of the Financial Committee of the Hunan Provincial Committee, the Financial Work Committee of the Hunan Provincial Committee, and the Hunan Provincial Local Financial Supervision Administration's official WeChat account disclosed a GBC platform fundraising fraud case. Zhou, Tong, Wu, and others commissioned Chengdu Xingyi Network Technology Co., Ltd. to design the GBC platform software for computer clients and mobile apps. Wu falsely claimed that GBC coins and wealth coins were blockchain virtual currencies, developing downlines in areas such as Jinshui District, Zhengzhou City. By the time the case was reported, the "GBC" platform had developed 47 levels of members, involving 59,548 member accounts, with a total fund flow of 3.408 billion yuan, of which 40,480 member accounts suffered losses totaling 629 million yuan. The main criminal gained over 226 million yuan through fundraising fraud on the GBC platform.Upon investigation, the GBC platform system generated digital symbols out of thin air, which had no economic value. The Zhengzhou Intermediate People's Court, after hearing the case, determined that based on the facts of the crime, its nature, circumstances, and the degree of harm to society, the involved individuals were sentenced to fixed-term imprisonment ranging from fifteen to thirteen years.

According to ChainCatcher news reported by Decrypt, U.S. Senator Dick Durbin from Illinois has proposed the "Cryptocurrency ATM Anti-Fraud Act," aimed at curbing the growing problem of cryptocurrency ATM scams. The bill proposes to set a daily transaction limit of $2,000 and a $10,000 limit within 14 days for new users, and requires operators to directly contact and verify users when transactions exceed $500 to prevent fraud. Additionally, the bill stipulates that operators must provide full refunds to victims of fraud reported within 30 days.Durbin emphasized that the bill is a "common-sense safeguard" to prevent scams and protect the financial security of the elderly. According to data from the Federal Trade Commission (FTC), losses from scams involving cryptocurrency ATMs have exceeded $110 million in 2023, nearly a tenfold increase compared to 2020.

According to ChainCatcher news and the Guangzhou Daily, Guangdong courts recently concluded a virtual currency fraud case. The defendant, Xie, established Company A and issued a virtual currency named "AA Chain," promising investors that the currency would be listed on exchanges and yield high returns.The case shows that in May 2018, Xie established Company A in Guangdong and served as its legal representative. He promoted "AA Coin" on internet platforms as having appreciation potential and promised victims that it would be listed for trading on exchanges, with expected returns of no less than 5 million yuan. One investor thus invested 990,000 yuan to purchase over 1.6 million AA Coins, but these tokens remained locked and could not be traded.The court found that the defendant, Xie, aimed to illegally possess others' property by fabricating facts to defraud them, with the amount being particularly large. He was ultimately sentenced to 11 years in prison for fraud and fined 50,000 yuan. The judgment has taken effect.

ChainCatcher message, Bybit posted on platform X to remind that there are fraudsters impersonating Bybit employees, urging the community to stay vigilant.Bybit will never ask for personal information, deposits, or passwords. Always verify official sources of information carefully and report any suspicious situations. If something feels off, it probably is, so stay safe.

ChainCatcher news, according to Guangming.com, Ms. Cheng from Hefei and her boyfriend were preparing to sell their USDT for RMB, involving over 277,000 USDT.After completing the transaction with her friend Sun, Ms. Cheng was informed that the cash of over two million was provided by someone else and that the transaction would only be considered complete if it was transferred to another account. Meanwhile, Ms. Cheng's virtual currency had already been transferred to Sun's account, and Sun claimed that his phone was infected with a virus, which prohibited any operations with the U coin. Consequently, Sun reported to the police, and the police arrived at the scene.Ms. Cheng believes that this was a trap set up by the three individuals in collusion. According to the latest information from the Xinzhan Branch of the Hefei Public Security Bureau, the police have filed a case for fraud in this matter, and Ms. Cheng has received the case notification.