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Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
19.8.2024
The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program
Australia took down 600 crypto scams, says AI will make it worse
19.8.2024
Australia’s financial markets regulator says due to the evolving nature of technology, it’s becoming increasingly challenging for consumers to identify fraudulent schemes
New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud
19.8.2024
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against...
Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling
19.8.2024
Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on...
Chinese Court’s Verdict on $230k Rental Crypto Mining Fraud
17.8.2024
The Changsha Intermediate People’s Court of Hunan Province, China, has recently released a series of typical cases involving…
Meta denies claim more than half of Facebook crypto ads are scams
16.8.2024
Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable
Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
13.8.2024
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses
Canadian crypto exchange gambled away $9.5M users’ Bitcoin and Ether
13.8.2024
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
13.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to...
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
12.8.2024
The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws
SEC charges Novatech, company founders, promoters with Fraud
12.8.2024
Novatech claimed funds were stolen via a cyberattack in May 2023 and reassured customers the company was working to recover the assets
SEC charges Novatech, company founders, promoters with fraud
12.8.2024
Novatech claimed funds were stolen via a cyberattack in May 2023 and reassured customers the company was working to recover the assets
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
12.8.2024
Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
11.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated...
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
10.8.2024
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws
Avraham Eisenberg Seeks Acquittal of Mango Markets Conviction
8.8.2024
Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal...
US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
8.8.2024
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this...
Coinbase to expand use of Vaults for secure crypto custody — Executive
8.8.2024
Coinbase currently holds approximately $270 million in customer assets
Coinbase to expand use of Vaults for secure crypto custody — Executive
8.8.2024
Coinbase currently holds approximately $270 million in customer assets
Coinbase to expand use of Vaults for secure crypto custody — Executive
8.8.2024
Coinbase currently holds approximately $270 million in customer assets