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Nalezeno "alleged fraud": 22

First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud

5.6.2024
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine...

New York Attorney General Triples Fraud Allegations Against DCG to Over $3 Billion

9.2.2024
New York Attorney General Letitia James has escalated the state’s legal action against Digital Currency Group (DCG), tripling the estimated size of the alleged fraud to over $3 billion. This development follows a prolonged investigation by James’s office, which uncovered additional...

Former Bithumb Chairman Acquitted in $100M Fraud Case in Second Trial

18.1.2024
The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case. The recent decision by the 5th Criminal Division of the Seoul High Court follows Lee’s earlier acquittal in January 2023 on comparable charges...

Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal

17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...

Countdown to Ethereum Exposé: Insider Promises Proof of Vitalik Buterin’s Alleged Fraud in 48 Hours

14.11.2023
An insider promises information showing Ethereum co-founder Vitalik Buterin’s purported fraud. Image by FellowNeko, Adobe Stock. An insider with intimate knowledge of Ethereum’s origins has promised to soon reveal alleged fraudulent activities by co-founder Vitalik Buterin. Steven...

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

9.11.2023
Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX's office in Taiwan, to be held in custody over alleged fraud

Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal

7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...

8 More Arrested in JPEX Scandal as Total Fraud Amount Exceeds $213 Million

27.10.2023
Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36. The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in...

Billion with a B: FTX Co-founder Gary Wang Reveals the Extent of The Alleged Fraud

7.10.2023
The trial of former crypto golden boy Samuel Bankman-Fried continued Friday, October 6th in Manhattan Federal Court with FTX co-founder Gary Wang continuing his long-awaited testimony. In it, Wang claimed Alameda Research was given “special privileges,” including a line of credit on FTX’s crypto...

Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion

26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...

US Authorities Reportedly Intensify Investigation into Alleged Fraud at Barry Silbert's DCG Following Winklevoss Claims

8.9.2023
According to a Bloomberg report on Thursday, the crypto feud between the two crypto tycoons, billionaire Cameron Winklevoss and Digital Currency Group (DCG) and its CEO Barry Silbert, has attracted the attention of several US investigators. The denied Fraud accusations thrown against DCG and Barry...

FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

18.5.2023
Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang...

Signature Bank and former executives sued by shareholders for alleged fraud

14.3.2023
Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors

18.2.2023
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director...