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Police probe HK crypto exchange after users lose $15M to scams

Hong Kong’s Securities and Futures Commission listed the Hounax exchange as suspicious this month after it faked ties with a VC firm.

SIM-swap reportedly outs crypto influencer as scammer

The crypto influencer known as Profit Blue is alleged to have scammed one of his followers out of $11,000 before being liquidated.

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

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.