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Crypto scams favor Revolut when ripping off Brits, major bank says

According to UK banks, crypto scammers are often choosing Revolut to receive fraudulent funds as reported crypto scams rise by 23% in a year.

20-year-old imprisoned for $1M crypto SIM-swap scam

Jordan Persad was sentenced last week and ordered to pay $950,000 after he was caught siphoning crypto through a series of SIM swap attacks.

The Ponzi-style scheme lured investors with hefty returns on investment in two fictitious cryptocurrencies, Korvio Coin and DGT Coin.

As part of an investigation into the suspects, Thailand’s Anti-Money Laundering Office has seized property worth 585 million baht ($16.5M).