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US state agency issues alert on crypto fraud happening over social media
21.7.2023
Vermont issued the investor alert after a 74-year-old man lost his life savings of over $340,000 in a crypto fraud orchestrated over Instagram and Telegram
Turkish Court Sentences Founder of Defunct Crypto Exchange Thodex to More Than 7 Months in Prison
20.7.2023
A Turkish court has sentenced Faruk Fatih Özer, the founder of the collapsed cryptocurrency exchange Thodex, to an effective seven months and 15 days in prison. During the trial, Özer denied being an executive of the crypto exchange when the platform allegedly failed to furnish the Tax Inspection...
Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud
29.6.2023
The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).
A judge at the Southern District of New York court has banned Ackerman...
CFTC issues $54M default judgment against trader in crypto fraud scheme
28.6.2023
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body
Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges
28.6.2023
Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme
Binance CEO Rejects Claims of Manipulating Market to Bolster Native Exchange Coin BNB
14.6.2023
Crypto fraud accusations against Binance and its CEO Changpeng “CZ” Zhao are casting a shadow over the reputation of the industry giant.
Prominent market commentators, among them analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have implied that Binance could be guilty of underhanded...
S Korean Police Bust Two ‘Crypto Scam Rings’ Worth a Combined $350m – Crypto Fraud on the Rise?
31.5.2023
South Korean police have shut down two suspected crypto scams they think are worth a combined $350 million, with hundreds of victims believed to have been duped.
Per Joongboo Ilbo, one case involved a “virtual fashion items” marketplace.
This appears to have tricked at least 435 “victims” out...
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance
6.5.2023
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since...
UK Set to Ban Cold Calls Selling Financial Products, Including Crypto
3.5.2023
The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022
Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges
26.4.2023
The U.S. Department of Justice last year charged three members of a Miami crew for participating in a crypto-related scheme from 2020
Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US
14.4.2023
An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank...
Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000 Tax Warning Notices to Crypto Holders
12.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000...
Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
21.3.2023
OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014
FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion
16.3.2023
The suit is led by Edwin Garrison and was filed against "FTX influencers," primarily on the YouTube platform
SEC Accuses Chinese Businessman with Ties to Donald Trump Advisor of Orchestrating $500 Million Crypto Fraud – What's Going On?
16.3.2023
The Securities and Exchange Commission (SEC) has charged the exiled Chinese business tycoon Miles Guo with fraud related to crypto and other assets.
The charges from the SEC relate to the sale of what is referred to as “unregistered and fraudulent offerings,” which raised more than $850 million...
It’s Not Just Fraud That Chilled Crypto Regulation
13.3.2023
While it’s easy to blame the recent shift in the regulatory mood regarding crypto markets on certain bad actors, the real roots lie beyond the crypto ecosystem, says Noelle Acheson
SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud
7.3.2023
The Securities and Exchange Commission (SEC) has announced it is taking “emergency action” against crypto hedge fund BKCoin and its co-founder Kevin Kang for “Ponzi-like conduct.”...
Read More: SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
7.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make...
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...