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Latest update — Former FTX founder Sam Bankman-Fried trial [Day 1]
3.10.2023
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate
Sam Bankman-Fried sues insurance company for defense costs as trial opens
3.10.2023
SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims
Sam Bankman-Fried in the Dock: A Deep Dive into FTX's Bankruptcy and Alleged Crypto Fraud
3.10.2023
Sam Bankman-Fried, the former CEO of FTX, is set to face trial in federal court in Manhattan, starting with jury selection today. The 31-year-old is accused of being the architect behind one of the largest financial crimes in U.S. history, following the bankruptcy of his crypto platform FTX.
The...
12 crypto experts’ tips for companies working with tokenized assets
3.10.2023
As the idea of tokenizing assets continues to gain momentum, companies must keep regulatory compliance in mind
Optimism network launches testnet fault-proof system in pursuit of decentralization
3.10.2023
OP Labs implemented its modular fault-proof system on the OP Goerli testnet
Today in Crypto: Kazakh Mining Firms Stop Machines and Ask the President to Cut Energy Prices, Chainalysis Finds 'Notable' Decline in Eastern Asia’s Crypto Activity
3.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Kazakh Mining Firms Stop Machines and Ask the President to Cut Energy Prices, Chainalysis Finds 'Notable'...
Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds
3.10.2023
Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected...
Trump Lawyer Sports Gamer Laptop At $250 Million Fraud Trial
2.10.2023
Today is the first day of former president Donald Trump’s $250 million fraud trial in New York. A case brought by the state’s attorney general accuses the Republican primary frontrunner of lying about his net worth by billions of dollars to try to secure more favorable loan terms. One of...
Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony
2.10.2023
In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of fraud and conspiracy for allegedly misusing customer...
Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer
2.10.2023
"No sane person would make those decisions,” says a former engineer at Alameda Research about what ultimately led to the collapse of Sam Bankman-Fried's crypto empire
DOJ readies witnesses in Bankman-Fried trial, spotlight on FTX assets
1.10.2023
This initiative also encompasses their comprehension of Sam Bankman-Fried's remarks and conduct, particularly regarding FTX's asset management
Hong Kong and Macau police seize over $2.8M related to JPEX fraud case
29.9.2023
One suspect was arrested while trying to destroy potential evidence with paper shredders and bleach in the bathtub of an apartment
Tackling the Ticket Scalping Scourge With Blockchain-Based Solutions a ‘No-Brainer’ Says Mohammed El Kandri
29.9.2023
According to Mohammed El Kandri, event organizers battling the ticket scalping problem have a greater chance of overcoming this challenge if they deploy a blockchain-based ticketing solution. A blockchain-based solution allows event organizers to issue digital tickets that are “tamper-proof...
How long could Sam Bankman-Fried go to jail for?
29.9.2023
“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges
US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...
Do Kwon says SEC's extradition request is impossible
28.9.2023
The Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
27.9.2023
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head
Hong Kong police recover $11M worth of assets in JPEX case: Report
27.9.2023
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million
Fraud, Asset Tracing & Recovery Paris Event
27.9.2023
C5 welcomes you to the inaugural Fraud, Asset Tracing & Recovery – Paris event, the most highly anticipated gathering for Europe’s Fraud and Asset Recovery community this fall. We are excited to gather the “who’s who” of the community for a truly unique, interactive...
AirBit Club 'ponzi' co-founder gets 12 years prison
27.9.2023
Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes his 12 year imprisonment sentence