Crypto Scam

Ukrainian authorities say a network of fake crypto investment platforms used hidden wallet-draining software to steal from users after luring them with fabricated gains. Investigators have identified 62 victims so far and say the operation may have reached $1 million in monthly turnover.

A federal judge has entered a $5.5 million default judgment against NanoBit and five defendants over an alleged pig-butchering crypto scheme. Regulators said the group used WhatsApp to build trust, then funneled investor money into Hong Kong bank accounts instead of trading crypto.