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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...
Sam Bankman-Fried Deserves a Life After Prison
28.3.2024
He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented
LIVE: Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case
28.3.2024
SBF returned to a federal courthouse in Manhattan for sentencing on Thursday
South Korean Civil Servant Charged with Crypto Fraud
28.3.2024
A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks.
The post South Korean Civil Servant Charged with Crypto Fraud appeared first on Cryptonews
South Korean Police Capture Fraudsters Who Stole $4.1 Million in Crypto Investment Scam
26.3.2024
The Haeundae Police Station in Busan, South Korea, has caught a pair of fraudsters who stole $4.1 million from a senior citizen with the promise of profitable crypto investments.
The post South Korean Police Capture Fraudsters Who Stole $4.1 Million in Crypto Investment Scam appeared first...
Class Action Suit Against Silvergate Bank Over FTX Fraud Allegations Moves Forward After Judge’s Ruling
22.3.2024
FTX users are suing the now-defunct Silvergate by claiming it abetted FTX and its affiliated trading firm Alameda Research to commit a historic fraud.
Here's the latest.
The post Class Action Suit Against Silvergate Bank Over FTX Fraud Allegations Moves Forward After Judge’s Ruling appeared...
San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case
22.3.2024
The San Diego federal court has ruled that Silvergate Bank must face a class-action lawsuit filed by FTX users which alleges that the bank aided the exchange and Alameda Research in fraudulent activities.
The post San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case...
DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam
21.3.2024
Texas resident Robert Dunlap has been arrested on federal mail fraud charges in connection with the “Meta-1 Coin” scam that saw investors drained of over $10 million, the Department of Justice reveals. The alleged fraudster had claimed the token was backed by $44 billion in gold and priceless...
FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights Ongoing Suffering of Victims
21.3.2024
John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried's lawyers to reduce his sentence, emphasizing that the victims of the fraud "have suffered and continue to suffer."
The post FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights...
Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
20.3.2024
Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018
South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges
20.3.2024
A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million.
The post South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges appeared first on Cryptonews
IcomTech Ponzi Scheme Promoters Convicted in New York, Facing Two Decades in Prison
18.3.2024
David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, have been found guilty of conspiracy to commit wire fraud by a New York jury, a Friday press release from the United States Attorney's Office for the Southern District of New York states.
The...
Craig Wright Was Finally Called Out in Court and Hodlonaut Is Celebrating
14.3.2024
“It hasn't always been easy, but I'm very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto
Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument
13.3.2024
Anthony Grabiner, Wright's attorney, hit back at COPA's argument that private signing sessions Wright hosted to prove he was the Bitcoin founder had been subverted, saying that no proof had been presented