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Crypto Fraud-Accused Denver Pastor Preaches Finance in Zambia Just Days After Skipping U.S. Court
4.2.2024
A Denver pastor, accused of crypto-fraud, has been spotted in the Zambian capital just days after he reportedly failed to appear in court. The pastor, Eligio Regalado, said about half of the misappropriated $1.3 million went to the IRS. Denver Pastor’s Assets Frozen The Denver pastor accused...
FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
13.11.2023
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead-up to its November 2022, bankruptcy filing
Is It Too Late to Buy GALA? GALA Price Soars 44% as New Crypto Casino Project Enters the Spotlight
27.10.2023
Gala Games (GALA) has undertaken an impressive relief rally as GALA price pushes up +44% in defiance of legal headwinds from bickering top brass. CEO Eric Schiermeyer and Co-Founder Wright Thurston are expected to lock horns in an unfolding legal drama stemming from allegations of misappropriated...
FTX Sues Sam Bankman-Fried’s Parents to Recover Millions in Misappropriated Funds
19.9.2023
Bankrupt crypto exchange FTX has taken legal action against the parents of its founder and former CEO, Sam Bankman-Fried, accusing them of being involved in fraudulent activities.
The lawsuit, filed on Monday, seeks to recover "millions of dollars in fraudulently transferred and misappropriated...
FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'
19.9.2023
Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate
FTX Sues SBF, Former Execs to Recover Over $1 Billion
22.7.2023
Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed...
FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy
18.5.2023
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value
SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives
31.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated...
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme
6.3.2023
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to...
Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange
9.1.2023
Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owner, has been ordered to return the money he misappropriated. Vietnamese Court Jails Hacker...
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
8.12.2022
An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US
13.9.2022
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop...
Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch
10.9.2022
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return...
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
5.12.2021
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds...