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Montenegro’s prime minister lied to the country’s president when he reportedly told him that he didn’t know who Do Kwon was on the day of his arrest, despite striking up a deal for 750,000 Terra/Luna tokens and allegedly meeting Do Kwon several times. That’s according to the president of Montenegro, Jakov Milatović, who reportedly asked prime minister Milojko Spajić if he knew who Do Kwon was during a Europe Now! (PES) political party meeting on the day of Do’s arrest. Translated from Montenegrin, the president said on Aplus television, “ I asked him if he knew Do Kwon. He told me he didn’t know him. He also said that in front of ten members of PES, who are now ministers” (our emphasis). CHART: Every Do Kwon extradition twist and turn Read more: Do Kwon was recorded meeting Montenegrin PM, says former minister Milatović also said during the interview that, “Montenegro should not become a safe destination for criminals, it sends a bad image,” and tha...

Dutch police arrested a 26-year-old man on April 29. The arrest is connected to the ZKasino crypto gambling scam that involves over $30 million. Police have seized 11.4 million euros ($12.2 million) in crypto and other assets from the suspect. Dutch police have arrest ed a 26-year-old man amid a law enforcement investigation around ZKasino. The crypto project is allegedly a crypto gambling scam involving more than $30 million . ZKasino scam suspect arrested According to the Fiscal Information and Investigation Service (FIOD), authorities detained the individual on April 29, on suspicion of fraud, embezzlement and money laundering. The arrest comes after an outcry from the public in the wake of suspicious activities around the ZKasino platform. Dutch authorities have seized more than 11.4 million euros ($12.2 million ) in crypto assets, real estate and a luxury car from the suspect , FIOD announced on May 3. Scrutiny on ZKasino increased in mid-April aft...

SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M. In a startling turn of events, decentralized finance protocol SafeMoon has filed for Chapter 7 bankruptcy amid a cascade of financial and legal challenges. This move follows the arrest of key company members by the US Department of Justice (DoJ) over allegations of misappropriating clients’ funds. The Securities and Exchange Commission (SEC) had already charged SafeMoon and its executives for defrauding customers. SafeMoon’s Chapter 7 Bankruptcy filing  The move by SafeMoon to officially file for Chapter 7 bankruptcy signals a grim outlook for the embattled cryptocurrency venture. The bankruptcy filing, submitted to the United States Bankruptcy Court in the District of Utah, comes in the wake ...

Eight persons, including four law enforcement officers , were arrested by India’s special invest igation team (SIT) in connection to a massive crypto currency fraud scheme dating back to 2018. Detainment of these individuals brought the total arrest tally to 18 as authorities continued to investigate a $300 million crypto scam that affected some 5,000 government employees and around 1,000 police staffers.  Mukesh Agnihotri, deputy chief minister of Indian state Himachal Pradesh, told the public to expect more arrests in connection to the illegal operation which raked in millions from victims spanning several years. Multiple victims reportedly lodged 56 complaints with local police between 2021 and 2023 regarding a crypto scam revolving around Korvio Coin, a locally launched crypto token. Subhash Sharma, the prime suspect believed to have masterminded the scheme, and currently remains on the run.  You might also like: New research reveals the most common crypto scams in...