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Nalezeno "AI fraud": 1915

Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement

14.4.2024
A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K....

Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin Seized by UK Police

12.4.2024
The victims of an investment fraud scheme have called on China to negotiate with the UK government to recover 61,000 Bitcoin seized in a money laundering investigation, valued at $4.3 billion at the time of publication. The post Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin...

Avi Eisenberg May Testify in $110M Crypto Fraud Trial, Defense Says

11.4.2024
The crypto trader is facing up to 20 years in jail if convicted on all counts

FTX Founder Sam Bankman-Fried Appeals Fraud Conviction

11.4.2024
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so

Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case

10.4.2024
On April 8, a Taiwanese court charged David Pan, the founder of Ace Exchange, and six other people on allegations of money laundering and cryptocurrency fraud involving digital currencies worth $10.7 million. The post Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case appeared...

Crypto Trader Eisenberg's $110M Fraud Trial to Put DeFi Under Microscope

9.4.2024
The two-week trial will test the government's strategy of portraying complex crypto trades as simple fraud

Mango Markets Alleged Manipulator To Stand Trial This Week For $110 Million Theft, Used MNGO For Fraud

8.4.2024
The trial of the man accused of stealing an estimated $110 million out of the crypto exchange Mango Markets, Avraham Eisenberg, got underway in Manhattan Monday after he used their crypto token MNGO for fraud purposes. The alleged crypto criminal faces up to 40 years in prison for the scheme. The...

Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy

6.4.2024
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still...

Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case

6.4.2024
Terraform Labs and its co-founder, Do Kwon, have been found guilty of fraud in a civil case brought against them by the SEC. The post Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case appeared first on Cryptonews

Do Kwon Extradition Case Sent Back To Lower Court In Montenegro

6.4.2024
The fate of Terra founder Do Kwon's extradition returns back to a lower court as a jury finds him guilty of fraud following the Luna crash of 2022. The post Do Kwon Extradition Case Sent Back To Lower Court In Montenegro appeared first on Cryptonews

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

5.4.2024
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks....

New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

5.4.2024
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD

Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

5.4.2024
NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra...

OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme

4.4.2024
“Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct,” says U.S. Attorney Damian Williams. The post OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme appeared first on Cryptonews

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

4.4.2024
The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."

Sam Bankman-Fried receives 25-year sentence in landmark fraud case

29.3.2024
Judge Sam Bankman-Fried sentenced the former CEO of FTX to 25 years in prison on Thursday for stealing $8 billion from consumers of the cryptocurrency exchange he founded, which is now bankrupt. During a court hearing in Manhattan, the penalty was imposed by U.S. District Judge Lewis Kaplan...

TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report

29.3.2024
TRM Labs data revealed that 2023 saw illicit crypto volumes drop by a third from $49.5 billion in 2022 to $34.8 billion. However, of all crypto frauds in 2023, TRON blockchain hosted 45%, up from 41% in 2022. The post TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report...