The suspected kingpin of one of the world's largest online scam and slave-labor operations has been captured, authorities said. Chen Zhi, 38, was arrested in Cambodia and extradited to China this week,

Bitcoin billionaire Chen Zhi has been arrested in Asia over a massive $11 billion "pig butchering" crypto scam.

Chen Zhi faces an indictment in federal court in Brooklyn on charges of swindling millions of dollars from Americans as part of a global cryptocurrency scam.

Investment scams conducted through WhatsApp groups have surged over the years and authorities are increasingly cracking down on such operations. Recently, the U.S. Securities and Exchange Commission ( SEC ) filed charges against purported crypto asset trading platforms for running an alleged WhatsApp-based crypto scam.

Blockchain scams are increasingly prevalent, and it’s essential to understand what they are and how to recognize them before they take a toll on your finances. For instance, John from Sunset Beach, North Carolina, recently reached out with a pressing ...

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.

Crypto.com’s sports trading platform is a marketplace — regulated by the Commodity Futures Trading Commission — available in most U.S. states, plus DC in 2025. Users can trade “yes/no” contracts on sports outcomes using regular currency or ...

If you’ve already sent money, stop sending more and report it immediately to the FTC or the FBI. You should also notify your crypto exchange. While recovery is rare, exchanges can sometimes flag suspicious wallets or freeze assets before they’re laundered.