Argentine President Javier Milei promoted a cryptocurrency called LIBRA on social media platform X on 14 February 2025, which collapsed within hours, triggering the largest crypto scandal in history, worth a total of $4.6 billion. The president told his 3.8 million followers that the token would boost Argentina&
House of Commons Leader Lucy Powell had her X account hacked on 15 April 2025 to promote a fraudulent "House of Commons cryptocurrency," encouraging her followers to invest in the supposed digital currency branded as $HOC. The influential politician, who has nearly 70,000 followers and whose profile
The European Securities and Markets Authority (ESMA) issued another warning on 8th April 2025 regarding potential risks crypto assets pose to the financial system, whilst 95% of EU banks continue to avoid crypto activities. Natasha Cazenave, ESMA's Executive Director, emphasised before the European Parliament that although the crypto
The FBI has successfully recovered $8.2 million from a cryptocurrency scam that precipitated the collapse of Heartland Tri-State Bank in Elkhart, Kansas. Nearly a year after the fraud was exposed in 2024, the funds were returned to local shareholders. The bank’s former CEO, Shan Hanes, was sentenced to
According to the latest report from Chainalysis, revenue from cryptocurrency scams is projected to hit an all-time high in 2024, driven primarily by so-called "pig butchering" scams and the increasing use of artificial intelligence. The blockchain analytics firm estimates in its published report that wallets linked to cryptocurrency
On 25 March 2025, Donald Trump, President of the United States, and his cryptocurrency venture, World Liberty Financial, officially announced the launch of USD1, a new stablecoin. This dollar-pegged digital currency is now operational on the Ethereum and Binance blockchains, backed by U.S. Treasury bills, dollar deposits, and other
The Investment and Securities Act (ISA) 2025, signed into law by Nigerian President Bola Tinubu in early April 2025, formally recognises cryptocurrencies and digital assets as securities, ushering in a new regulatory era for Africa’s largest economy. This historic step resolves over a decade of uncertainty surrounding the legal
