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Dogecoin Manipulation Lawsuit Against Elon Musk and Tesla Dismissed
1.9.2024
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit...
Bitcoin Scam Targets US County Residents With Fake Warrants
14.8.2024
A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant division” and include misleading subject lines...
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector
Former banker sentenced to 41 months for crypto fraud
30.5.2024
Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards
Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M
29.5.2024
The US District Court for the District of Utah on Tuesday threw out the SEC's case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions.
The post Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M appeared first on Cryptonews
Court Rules Influencer Ian Balina Violated Securities Laws Promoting SPRK Tokens
24.5.2024
A Texas district court has found crypto inflluencer Ian Balina guilty of violating U.S. securities laws by promoting and selling SPRK tokens without proper disclosure.
The post Court Rules Influencer Ian Balina Violated Securities Laws Promoting SPRK Tokens appeared first on Cryptonews
Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account
30.3.2024
Digital asset bank Custodia Bank has been denied a U.S. Federal Reserve master account by the United States District Court for the District of Wyoming.
The post Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account appeared first on Cryptonews
SEC Lawsuit Against Coinbase Advances as Judge Rejects Most of Motion to Dismiss
27.3.2024
Judge Katherine Polk Failla of the US District Court of the Southern District of New York had on March 27 given a ruling that the US Securities and Exchange Commission (SEC) and Coinbase lawsuit can proceed.
The post SEC Lawsuit Against Coinbase Advances as Judge Rejects Most of Motion to Dismiss...
Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief
20.3.2024
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York. It aimed...
Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case
13.3.2024
The founder of Bitcoin Fog, a major crypto-mixing service, has been convicted of money laundering in a United States District Court.
The post Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case appeared first on Cryptonews
SEC Obtains Investigative Subpoena Against NovaTech Crypto Investment MLM Promoters
15.2.2024
The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. In a recent press release, the financial regulator disclosed updates in its investigation against...
South Korean Altcoin Execs Released on Bail
8.2.2024
Two South Korean altcoin executives were freed on bail on February 7 pending a fraud trial. Prosecutors think the executives manipulated token prices to defraud investors. Per Newsis, the Seoul Southern District Court released Pica Project/Pica Coin co-chairs Song (aged 24) and Seong (aged 45)....
South Korean Crypto Exchange Bitsonic Execs Jailed for Price Manipulation
7.2.2024
A Seoul court jailed South Korean crypto exchange Bitsonic executives for manipulating crypto prices – and profiting to the tune of $7.5 million. Newsis reported that the Seoul Eastern District Court sentenced the CEO of the Bitsonic trading platform to seven years in prison. South Korean Crypto...
Former Terra Development Team Leader Testifies Against Do Kwon
6.2.2024
On February 5, reports emerged from the Korean daily newspaper Chosun, detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined...
Ripple Must Reveal Financial Statements in SEC Case, District Court Rules
5.2.2024
Ripple will have to reveal its financial statements from 2022-2023 in its case against the United States Securities and Exchange Commission (SEC), a Monday court filing revealed. “At this stage, the Court sees no basis to short-circuit that inquiry by denying access to readily available information...
SEC to Withdraw Case Against Crypto Startup DEBT Box Following Admission of Inaccuracy
31.1.2024
The Securities and Exchange Commission (SEC) has moved to withdraw its lawsuit against crypto startup DEBT Box after admitting to making inaccurate statements in court. The agency filed a lawsuit against Digital Licensing Inc., operating as DEBT Box, in July last year. However, it has now informed...
Defendant Pleads Guilty to Drug Related Charges, Forfeits $150 Million Worth of Cryptocurrency
30.1.2024
An Indian national has pleaded guilty to conspiracy and narcotics-linked charges issued by a United States District Court. The guilty plea resulted in a forfeiture of $150 million worth of cryptocurrency. In a recent press release, the United States Attorney General’s Office in the Southern...
Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering
27.1.2024
Mark Scott, a lawyer entangled in the infamous Onecoin cryptocurrency fraud, was sentenced to 10 years in prison by the U.S. District Court. The sentencing comes after a 2019 conviction. Onecoin Lawyer Mark Scott Receives Decade-Long Prison Sentence Mark Scott, a lawyer associated with the infamous...
South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years
25.1.2024
A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....