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My Big Coin Founder Convicted of Defrauding Investors of More Than $6M
22.7.2022
Randall Crater was found guilty of peddling a cryptocurrency scam
Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine
11.6.2022
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake...
Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison
5.6.2022
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine. Crypto Trader Pleads Guilty The U.S. Department of Justice (DOJ) continues...
So-Called ‘Pharma Bro’ Martin Shkreli Turns ‘Crypto Bro’ — ‘I Started Using Uniswap in Prison’
22.5.2022
Following his release from prison, the former hedge fund manager and convicted felon, Martin Shkreli, discussed cryptocurrencies and using the decentralized exchange (dex) platform Uniswap from a federal penitentiary. The so-called ‘Pharma Bro’ further explained that eventually,...
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
9.5.2022
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice...
President of Fake UN Affiliate Convicted of Fraud in Crypto Scam
18.3.2022
Asa Saint Clair was convicted of wire fraud for devising an investment scheme that swindled hundreds of thousands of dollars from more than 60 victims
SEC unable to locate BitConnect founder convicted in $2.4B fraud case
1.3.2022
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
27.2.2022
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years...
Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki
18.2.2022
Omar Zaki was convicted of fraud by the SEC three years prior and is allegedly behind two other crypto projects which suffered devastating hacks
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
19.1.2022
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia....
Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform
30.12.2021
Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people...
Australian Police Confiscate Cryptocurrency Worth $1 Million With Help From FBI
30.10.2021
The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales has ordered the forfeiture of cryptocurrency belonging to a convicted hacker. “The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture...
Mining Hardware Thief Gets 3-Year Sentence in Russia
30.8.2021
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining...
Swedish gov't pays out $1.5M in Bitcoin to convicted drug dealer
20.8.2021
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly-earned Bitcoin at the equivalent value in fiat currency at the time of his conviction
Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel
11.8.2021
Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency...
US Man Selling Bitcoin Without License Faces 5 Years in Prison
26.6.2021
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory...
Tiger King star and convicted animal abuser to launch NFT from prison
15.6.2021
“The Tiger King” NFT auction will kick off on major NFT marketplace Mintable this Friday
Judge Hands Convicted Crypto Tax Evader 3-Year Suspended Jail Sentence
1.4.2021
A Japanese man who was found guilty of crypto-related tax evasion earlier this month has been handed a fresh three-year suspended jail term and ordered to pay a fine of around USD 163,000 after hiding his bitcoin (BTC) earnings from the authorities.
In a high-profile case, Hideji Matsuda,...
Serbian National Arrested and Extradited to the US for His Role in a $70M Crypto Mining Case
9.2.2021
A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up...
German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker
7.2.2021
German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain...