According to ChainCatcher news, as reported by Cointelegraph, five members of an international cryptocurrency scam gang have been charged with stealing nearly $37 million from victims in the United States and transferring the funds to Cambodia.The five defendants, Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He, and Jingliang Su, contacted victims through social media, instant messaging platforms, and dating apps, gaining their trust before inducing them to invest in fake cryptocurrency projects. The scammers used shell companies and U.S. bank accounts to collect funds, which were then converted into Tether (USDT) and sent to cryptocurrency wallets controlled by Cambodia.Zhang and Wong face up to 20 years in prison after pleading guilty, while the other three could be sentenced to a maximum of 5 years in prison.

ChainCatcher news, Yichun Gao'an police successfully dismantled a fraud gang that used "friendship investment" as a pretext to launder money through virtual currency. It was found that the suspect Yao used "bank transfers are easily restricted" as a reason to lure victims into investing by withdrawing cash and then exchanging it for virtual currency offline. The gang collected the fraudulent proceeds through offline exchanges of virtual currency and then transferred the scam funds to their superiors to illegally obtain rewards, with the amount involved exceeding 4 million yuan.

ChainCatcher news, according to a statement from the Spanish National Police, Spanish authorities have dismantled a complex cryptocurrency investment scam that used artificial intelligence to lure investors with fake celebrity endorsements, defrauding over 200 victims of more than 19 million euros (21.5 million dollars).The investigation began when a man from Granada reported losing 624,000 euros (700,000 dollars) in an alleged cryptocurrency investment fraud. The scam gang used AI-generated videos of well-known public figures to persuade unsuspecting individuals to invest in seemingly high-return cryptocurrency ventures and requested additional payments to unlock their original investments.It is reported that the leader of the criminal operation was arrested while attempting to flee to Dubai, and 6 suspects, aged between 34 and 57, now face charges of fraud, money laundering, and document forgery.

ChainCatcher news, according to CryptoDnes, the Economic and Financial Crimes Commission (EFCC) of Nigeria has dismantled a cryptocurrency scam gang, arresting 53 individuals suspected of cyber crimes, including identity theft and fraud.Currently, authorities have recovered approximately $200,000 in assets, but investigations indicate that deposits related to the operation could be as high as $3 million.

ChainCatcher news, according to Cryptonews, a Bitcoin mining scam gang in South Korea was caught by the police after mistakenly targeting a detective as part of their "high-yield investment crypto scam." In April this year, a detective from the Gyeonggi Southern Provincial Police's Mobile Crime Investigation Unit received a scam call from the gang and pretended to fall for the scam, providing bank account information and other details to assist in the investigation. The police subsequently tracked down the organization's "headquarters" located in Incheon using this information.A total of 81 people were arrested in this operation, including individuals suspected of purchasing leaked personal data. The police pointed out that the gang also used fake SIM cards to carry out the scams. On November 6, the Mobile Crime Investigation Unit announced the detention of 9 individuals, including the gang's "leader," while the remaining 7 were granted bail after being charged with similar offenses.

ChainCatcher news, on the X platform, on-chain detective ZachXBT disclosed that he successfully assisted an elderly victim from the United States in recovering $275,000 in stolen funds. This case originated in April 2024, when the victim fell prey to an Indian phone scam gang impersonating Coinbase customer support, resulting in the theft of most of their savings.ZachXBT stated that the recovered funds have been seized by law enforcement and will be returned to the victim. During the investigation, ZachXBT discovered that the scam gang's activities extended far beyond this case. He pointed out, "I found that this gang had stolen over $5 million from other victims. These funds were transferred from Ethereum and Bitcoin to the Tron network through centralized exchanges, and then sent to over-the-counter (OTC) traders in the form of stablecoins."

ChainCatcher news, according to Cointelegraph, the police in Nghe An Province, Vietnam, which borders Laos and the Gulf of Tonkin, have dismantled a Lao scam gang related to fraudulent wire transfers. These scammers specialize in pig butchering and cryptocurrency investment scams. One of the scammers visited Laos in September 2023 and joined the scam gang. In February of this year, they began creating Facebook accounts to lure victims into emotional deception and investment fraud.One of the scammers posed as a woman and gained the trust of a man in Ho Chi Minh City. The victim was ultimately tricked into investing in "Biconomynft," a fake application that promised high returns. Over the course of several months, the scammers stole more than 17.6 billion Vietnamese dong (700,000 USD) from the victim. Initially, the scammers would win the victim's trust by releasing a portion of the investment funds as profits, but once the victim invested more money, the scammers would lock the account and freeze the funds.

ChainCatcher news, a gang in South Korea has been arrested by the police for defrauding approximately 16 billion won (about 11.96 million USD) from more than 150 victims. To evade police tracking, these individuals underwent facial contouring surgeries and wore wigs.From November 2021 to June 2022, the Financial Crime Investigation Team of the Seoul Metropolitan Police Agency deceived 158 victims and collected about 16 billion won from them, among which the gang leader A was arrested for embezzling approximately 4.5 billion won, suspected of fraud, violating the Receipt Act, and violating the Electronic Act.A employed various escape methods. He underwent double eyelid, nose, and facial contouring surgeries worth about 21 million won and wore a wig. A also frequently changed residences with the help of acquaintances, using fake phones and fake bank accounts. The police seized and confiscated 100 million won from A's hideout upon his arrest and confiscated 1.3 billion won in assets from A and others before prosecution.