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Banking Scams Overtake Crypto Frauds in Ireland
16.10.2023
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having...
Saudi Central Bank Calls IMF for “Good Supervision” of Crypto Activities
16.10.2023
Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), has warned against the potential dangers and risks of cryptocurrencies and their brokers.
Addressing at a session on the global economy and crypto assets at the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Morocco...
Sam Bankman-Fried requests long-acting Adderall to focus during trial
16.10.2023
Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
Saudi Arabian Funds, BlockFi's Founder, and a Star Witness: Recapping the Dramatic Second Week of Sam Bankman-Fried's Landmark Fraud Trial
14.10.2023
From FTX founder Sam Bankman-Fried's attempts to raise company funds from the Crown Prince of Saudi Arabia to using Thai prostitutes' identities in an attempt to unfreeze crypto accounts, the second week of Bankman-Fried's criminal trial proved damning for the disgraced "king of crypto."...
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Former CEO of Miami Investment Firm Pleads Guilty to Crypto Futures Fraud Conspiracy
13.10.2023
The former CEO of Systematic Alpha Management LLC (SAM) pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts, and he is potentially facing up to a five-year prison sentence.
On October 13, the United States Department of Justice said that Peter Kambolin...
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...
"I am being used as a scapegoat," Former Voyager CEO Responds to CFTC Lawsuit
13.10.2023
U.S. regulators have initiated legal actions against former Voyager Digital CEO and co-founder, Steve Ehrlich, accusing him of engaging in fraudulent activities and deliberately misrepresenting the level of government protections afforded to his customers. ...
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Secret Alameda recording reveals exact moment staff learned about FTX deposits
13.10.2023
A 75-minute recording, obtained by Cointelegraph, shows the exact moment former Alameda Research CEO Caroline Ellison told employees about their use of FTX customer deposits
DOJ charges exec over ‘cherry picking’ scheme involving crypto futures
13.10.2023
The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts
It ‘Felt Good’ to Come Clean — Caroline Ellison Reveals Intricacies of FTX Operations in Court Testimony
12.10.2023
In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew Russell Lee, could play a critical role in the ongoing fraud...
Is Sam Bankman-Fried a Sociopath?
12.10.2023
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
12.10.2023
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections
Kraken Co-Founder Criticizes Venture Capitalists for Enabling Fraud at FTX
12.10.2023
In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF).
Powell's comments come amid ongoing legal proceedings against SBF in New York....
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Sam Bankman-Fried blamed Binance for balance sheet leak to media: court evidence
12.10.2023
An internal document was revealed in court that showed Sam Bankman-Fried believed Binance to have leaked Alameda’s balance sheet to the media in 2022
Alameda Research lost $190M to scams and 'questionable’ blockchains: Whistleblower
12.10.2023
Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link
Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF’s Fraud Hearing
11.10.2023
FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline Ellison during Wednesday’s hearing in SBF’s ongoing fraud case....
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF
11.10.2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which...
Brazilian Congress puts Binance CEO CZ in crosshairs for indictment
11.10.2023
A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes