Chinese authorities have taken custody of Chen Zhi, the businessman at the center of what U.S. officials describe as one of the largest crypto scam and money laundering operations ever uncovered. The move places the alleged kingpin behind a multibillion-dollar “pig butchering” network directly into China’s criminal justice system,

The alleged mastermind of a major crypto scam ring that stole billions was arrested in Cambodia this week and extradited to China.

According to the FBI, scammers caused nearly $250 million in losses in 2024, and from January through November 2025, that figure rose to $333 million.

According to data from LPD, crypto scam reports decreased from 133 cases in 2024 to 127 in 2025. However, total losses in crypto scams increased from $3.1 million in 2024 to $4.4 million in 2025. LPD said each victim lost an average of almost $35,000 last year.

SEC files charges over a $14M crypto scam using fake AI investment tips, WhatsApp groups, and bogus trading platforms to defraud U.S. investors.

Explore whether the 24 Crypto Boost scheme, promising to double Bitcoin investments in just 24 hours, is a legitimate opportunity or a scam

The Outer Cape has two new crypto ATMs. Law enforcement and the AARP say the machines are often used in scams.

Technology Technology   The Big Story How crypto became a political powerhouse in Trump’s Washington The cryptocurrency industry has descended on Washington, D.C.,