scam – FinTech and Blockchain Law Watch

Compensating Victims of Deep Fake Fraud: Global Responses

Jun 02 2026

By: Judith Rinearson, Daniel Knight, Lucas Nicolet-Serra, and Kai Zhang

Our firm has a pro bono client who lost thousands of dollars trusting someone she met online. Over two years, the fraudster convinced her to move her funds to a US “bank” that would help her pay for her daughter’s expensive hospital stays. The sophistication of this ongoing fraud was incredible. When we researched the transactions on the blockchain, however, we discovered that her funds had been moved to an Eastern European digital wallet holding more than a billion dollars.

Investor Registration Website Launched Following China’s Ezubao Scam

Feb 23 2016

By Cameron Abbott and Meg Aitken

Chinese regulators launched a website on Saturday to aid authorities in their mission to investigate the gigantic Ezubao “Ponzi scheme” that allegedly stole money from more than 900,000 investors.

Ezubao, China’s largest peer-to-peer lender, was caught red handed fabricating the majority of its listed investment projects and using investor money to fund the extravagant lifestyle of the company’s executives earlier this month.

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