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Deepfakes Accelerating Crypto Scams on Twitter + More Crypto News
9.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Deepfakes Accelerate Cryptocurrency Scams Bitpanda Removes All Deposit and Withdrawal Fees Public Miners Stock Up BTC Reserves __________ Deepfake...
Crypto Yield Firm Haru Invest Execs Arrested in S.Korea for Laundering User Funds
6.2.2024
Top executives of Haru Invest, a South Korean crypto yield platform, have been arrested by the county’s prosecutors on Monday. The crypto investigation arm of the Seoul Southern District Prosecutors’ Office have arrested three people in connection with crypto fraud worth 1 trillion Won ($752...
Online Crypto Course Founder Faces SEC Charges in $1.2 Million Fraud Case
5.2.2024
The founder of the American Bitcoin Academy was charged with crypto fraud by the Securities and Exchange Commission on February 2. In a press release published by the SEC, the agency noted that Brian Sewell, founder of American Bitcoin Academy, convinced his students to invest in a crypto hedge...
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...
SEC Charges American Bitcoin Academy Founder With Fraud That Cost Students $1.2 Million
3.2.2024
The U.S. Securities and Exchange Commission (SEC) has charged the founder of American Bitcoin Academy, accusing him of running an online fraudulent crypto scheme that cost students $1.2 million. The defendant “falsely claimed that his investment strategies would be guided by his...
Hong Kong Set To Release Consultation on Regulatory Framework for OTC Crypto Platforms
2.2.2024
Hong Kong will publish a consultation on a proposed regulatory framework for over-the-counter crypto trading platforms “very soon,” according to a February 2 blog post. Secretary for Financial Services and the Treasury Christopher Hui warned the public of the risks of over-the-counter venues, given...
South Korean Prosecutor in Court for Passing Information to a Virtual Asset Investment Fraudster
1.2.2024
On Jan. 30, a South Korean court continued with the trial of a prosecutor who is accused of passing sensitive information on the progress of an investigation to an alleged virtual asset investment fraudster. According to the Gwangju District Prosecutor’s Office, the acts by the prosecutor...
Denver Pastor Accused of Crypto Fraud Spotted Preaching in Zambia After Missing Court Date
1.2.2024
Denver-based Pastor Eli Regalado, who faces allegations of orchestrating a $3.2 million cryptocurrency scam, has been seen preaching in Zambia despite missing a mandatory court hearing in the United States. A recent report by Newsweek unveiled that Regalado was observed delivering sermons at...
Judge Orders Continued Freezing of Colorado Crypto Pastor’s Accounts After $3 Million Crypto Fraud Scheme
31.1.2024
A Colorado pastor and his wife accused of orchestrating a $3 million crypto fraud scheme have been barred from selling crypto in the state and will continue to have their accounts frozen by regulators, a judge presiding over the case ruled this week. Uncovering the $3 Million Crypto Fraud Just over...
Bitcoin Worth $1.7B Seized As Ex-Restaurant Worker Tries To Buy $30M London Mansion with Fraud Money
31.1.2024
Authorities in the United Kingdom have seized Bitcoin valued at over £1.4 billion as a result of a fraud investigation into a former Chinese takeaway worker, Jian Wen, who allegedly attempted to buy a £23.5 million mansion in Hampstead. According to a Sky News report, the police seized over 61,000...
SEC, DOJ Charge Individuals in $1.9 Billion Hyperfund Cryptocurrency Fraud
31.1.2024
The SEC alongside the DOJ, has levied serious charges against key figures in a $1.9 billion cryptocurrency fraud scheme involving Hyperfund. SEC and DOJ Crack Down on $1.9 Billion Hyperfund Crypto Fraud The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken...
South Korean Prosecutors, Police Face Bribery Wrap in Crypto Fraud Trial
31.1.2024
Eight South Korean prosecutors and police officers could be trialed in connection to the high-profile case of a suspected crypto fraudster. Per Newsis, the trial of one unnamed prosecutor has already begun in the city of Gwangju. The case centers around a suspected crypto fraudster surnamed Tak....
SEC Charges Two Masterminds Behind $1.9 Billion HyperFund Crypto Ponzi Scheme
30.1.2024
The US Securities and Exchange Commission (SEC) has charged two masterminds behind the $1.9 billion crypto fraud investment scheme HyperFund. The regulator has indicted Australian blockchain entrepreneur Sam Lee and HyperFund promoter Brenda Chunga for their involvement in the Ponzi scheme....
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
27.1.2024
The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the men’s extradition set by the Tallinn Circuit Court....
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
OneCoin Crypto Scam: German Court Sentences Fraudsters to Jail
10.1.2024
Source: Svetoslav Radkov/Adobe Founders of the infamous OneCoin cryptocurrency scam have been sentenced to several years in jail by a German court. A German court in Münster on Monday handed down sentences to key accomplices involved in the OneCoin crypto fraud case. The couple Frank Ricketts...
South Korean Ex-Police Officer Denies Crypto ‘Bribery’ Charges
10.1.2024
Source: vectorfusionart/Adobe The trial of a former South Korean police officer has begun in Gwangju. The ex-law enforcer denies taking bribes during a suspected crypto fraud investigation. Per the news broadcaster YTN, the former police sergeant is accused of receiving bribes from a crypto...
Mango Markets Faces Regulatory 'Inquiry' Ahead of Eisenberg Crypto Fraud Trial
5.1.2024
The decentralized crypto exchange (DEX) is facing "inquiries" in the United States stemming from an October 2022 heist, according to posts in the project's Discord server. Now the DEX's governing body, called MangoDAO, is voting on whether to appoint a representative who can triage "U.S. regulatory...
Taiwanese Crypto Exchange ACE Founder, Employees Arrested Over Fraud Allegations
5.1.2024
Source: Pixabay Taiwan’s leading crypto exchange ACE and its masterminds have been accused of making false claims around speculative token listings to defraud investors. The local city police on Wednesday conducted multiple raids, arresting ACE founder David Pan, and co-conspirator Lin Nan. A total...
SEC and Terraform Labs Court Filings to Stay Confidential Prior to Crypto Fraud Trial
21.12.2023
A judge has approved confidential court filings in the SEC’s lawsuit accusing Terraform Labs of crypto fraud ahead of the much-awaited trial. Image by maurice norbert, Adobe Stock. New details have come to the surface regarding the high-profile crypto fraud case between the United States...