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TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
24.9.2024
TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said...
Celebrity memecoin promoter Sahil Arora banned by X
4.6.2024
Despite mounting scam allegations and social media bans, Arora continues to promote celebrity memecoins and partnerships
Celsius Network and Alex Mashinsky face SEC fraud accusations
14.7.2023
The SEC has gone after yet another crypto-based firm, namely Celsius Network. The US Security Board has charged the crypto lender firm and its founder, Alex Mashinsky, with fraud. According to the official report by the SEC, the former CEO violated the anti-fraud and registration provisions of...
FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report
28.6.2023
On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family...
SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions
16.7.2022
According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties...