Tags: Scams

Cryptocurrency fraud losses soared by 66% in 2024, totaling $9.3 billion, and a significant portion of complaints were from older individuals.

SEC accuses Ramil Palafox of defrauding investors in PGI Global’s $198 million Ponzi scheme, and has demanded civil penalties and restitution.

The lawsuit claims Meteora’s M3M3 launch wasn’t fair, alleging insiders scooped up 95% of tokens before public trading even began.