CrispyBull

Militia-backed cyber scam operations in Myanmar are exploiting cryptocurrencies to run billion-dollar fraud schemes, prompting U.S. sanctions. The Karen National Army is at the center of this digital crime network, enabling laundering and trafficking through blockchain anonymity.

A Brazilian court has sentenced Braiscompany CEO Antonio Inácio da Silva Neto to 128 years in prison for orchestrating a $190 million crypto Ponzi scheme, one of the harshest financial crime penalties in the country’s history. The case sets a powerful precedent for global enforcement against crypto fraud, underscoring the risks of unchecked digital finance schemes.

The abrupt collapse of the GPS token, triggered by aggressive sell-offs from a market maker, has left investors scrambling for answers and compensation as Binance moves to confiscate funds and contain the fallout. With questions lingering over the adequacy of reimbursement and growing concerns about market manipulation, the incident underscores the fragility of investor protection in the crypto space.

Argentine President Javier Milei faces intense scrutiny after endorsing $LIBRA, a cryptocurrency that surged before crashing in a suspected rug pull, wiping out $4.4 billion. The collapse has triggered political outrage, with opposition leaders calling for impeachment and raising concerns over crypto regulation and investor protection.

HashFlare's promise of easy cloud-based crypto mining turned out to be a massive $575 million Ponzi scheme, deceiving investors with fabricated mining operations and false profit guarantees. With co-founders Sergei Potapenko and Ivan Turõgin pleading guilty, the case exposes the dangers of unregulated crypto ventures and the urgent need for investor vigilance in the digital asset space.