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Changpeng Zhao pleaded guilty to failing to stop money laundering in 2023 and was sentenced to four months

CryptoMarket and Blockchain News

CryptoMarket and Blockchain News

The Brooklyn DA and FBI dismantled a sprawling Eastern European crypto scam network that lured victims through Facebook ads and stole tens of millions from Americans — many of them Russian-speaking Brooklyn residents. Seizing 112 servers didn't just stop this ring; it wiped out the tools, victim records, and infrastructure keeping it alive. With crypto fraud losses hitting $11.4 billion in 2025, this three-year operation signals prosecutors are getting serious about chasing scammers across borders.

Law enforcement agencies in the United States have announced the successful dismantling of a large-scale transnational cryptocurrency investment fraud network. In a coordinated effort, the Virtual Currency Unit of the Br…

The Brooklyn DA and FBI dismantled a sprawling Eastern European crypto scam network that lured victims through Facebook ads and stole tens of millions from Americans — many of them Russian-speaking Brooklyn residents. Seizing 112 servers didn't just stop this ring; it wiped out the tools, victim records, and infrastructure keeping it alive. With crypto fraud losses hitting $11.4 billion in 2025, this three-year operation signals prosecutors are getting serious about chasing scammers across borders.

Former FTX COO says Netflix’s 'Altruists' trailer 'made me physically throw up' Former FTX COO Constance Wang criticized Netflix's upcoming FTX series "The Altruists," saying its portrayal of Sam Bankman-Fried, Caroline Ellison and the exchange's collapse is inaccurate. The full-length trailer for Netflix's FTX-inspired series "The Altruists" dropped this week, drawing criticism over its portrayal of former FTX CEO Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison. But former FTX executive Constance Wang said the trailer's depiction of the company's collapse hit much closer to home. "So many people have DM'd me about this trailer and I’ll be honest, watching it made me physically throw up," Waing said Friday in a post on X. Wang served as FTX's COO beginning in early 2019 before becoming co-CEO in its final months, until the exchange collapsed in November 2022. She said the trailer's depiction of the company bore little resemblance to her experience working there. "I was the last one out of the Bahamas after Sam got extradited," Wang said. "I lost everything I had on it and it took me a long time to get over, so I have zero interest in defending the people who caused this. The media loves the story that FTX blew up because we were all partying in the Bahamas, but the place I worked looked nothing like that." Wang said FTX had fewer than 200 employees, many of whom worked 16- to 18-hour days with "barely" any time to sleep. The exchange's collapse followed a liquidity crisis that exposed its close financial ties to Alameda and the misuse of customer funds. Bankman-Fried was convicted on seven fraud and conspiracy counts in November 2023 and sentenced to 25 years in prison. Ellison pleaded guilty, cooperated with prosecutors, and testified against him before receiving a two-year prison sentence in September 2024. Wang also took issue with the trailer's portrayal of Ellison and Bankman-Fried's relationship. Much of the trailer focuses on their romance alongside the familiar rise-and-fall narrative, with Anthony Boyle portraying SBF and Emmy-winning actor Julia Garner portraying Ellison. "I worked with Caroline and never once saw her get aggressive like she does in this trailer," Wang said. "She's quiet and mild, and often lost in her own thoughts. Most of us didn't even know she and Sam were dating until we read about it after the bankruptcy, and I never saw him so much as put an arm around anyone." The eight-episode limited series premieres on Netflix on Nov. 19. "FTX's collapse ruined so many people's lives, including ours, and Netflix decided to make it a love story," Wang concluded. "Shame on you." Wang co-founded trading platform Pacifica in early 2025, according to her LinkedIn profile. Ref: https://paykalken.com #FTX #SamBankmanFried #CarolineEllison #ConstanceWang #Netflix #TheAltruists #AlamedaResearch #CryptoScandal #CryptoFraud #CryptoNews Former FTX COO says Netflix’s 'Altruists' trailer 'made me physically throw up'

https://www.osintinvestigate.com Crypto fraud is becoming more sophisticated, targeting investors, exchanges and digital asset holders through hacking, phishing, social engineering, deepfakes and insider threats. In this episode, we explore the growing risks in cryptocurrency, major exchange attacks, the real-world impact of crypto scams, and the practical security measures that can help protect digital assets. From stronger authentication and transaction controls to hardware wallets and user education, discover whether there is a realistic way forward for safer crypto investing.

https://www.osintinvestigate.com This week in financial forensics: insider trading investigations, investment fraud, private-market scams, crypto fraud, asset recovery, prediction markets and new SEC crypto custody rules from September 27 to October 3, 2026.