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AI implementation leads to $4 billion in fraud being prevented and recovered by the US Treasury
October 18, 2024AI in Fraud Prevention: A Game Changer for the US Treasury Artificial Intelligence (AI) has become a powerful tool in fraud prevention for the US Treasury, saving and recovering over…
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Ukrainian Authorities Break Up International Crypto Fraud Network, 14 Individuals Arrested
June 5, 2024The dismantling of a criminal ring in Ukraine highlights the ongoing issue of fraudulent schemes targeting unsuspecting individuals in the cryptocurrency space. This particular operation spanned across multiple countries, including…
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Former Cred executives charged by DOJ for $783 million fraud and money laundering scheme
May 4, 2024The US Department of Justice (DOJ) has recently brought charges against three former executives of the defunct crypto lending and investing firm Cred. These individuals, including Cred co-owner and former…
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Terraform Labs Wins SEC Fraud Case Contest
April 7, 2024On April 5, Terraform Labs and its co-founder Do Kwon faced a civil verdict in Manhattan on allegations brought up by the US Securities and Exchange Commission (SEC) for defrauding…
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CEO of USI Tech Faces Charges for Alleged $150 Million Crypto Fraud Plan
January 20, 2024Horst Jicha, the CEO of USI Tech, has been arrested and is facing serious charges related to an alleged fraudulent scheme that reportedly defrauded investors of $150 million. This development…
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Users Warned of Fraud by Hong Kong’s SFC on Two Platforms
January 7, 2024In a recent update, the Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding potential fraudulent activities associated with crypto entities Hong Kong Digital Research Institute…
