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Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week
20.8.2023
FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...
What is Feedzai, and how is it used to detect financial fraud?
18.8.2023
Feedzai is an advanced, AI-powered risk operations platform that helps detect fraud at an institutional level
Scam Money Is Laundered via Crypto Exchanges — Australian Regulator
17.8.2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange...
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...
How to identity fake cryptocurrency
14.8.2023
Learn essential cryptocurrency security practices to safeguard your digital assets. Explore crucial ways to protect your wallets, prevent hacks and ensure safe transactions
Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas
13.8.2023
The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involvement in a fraudulent scheme related to cryptocurrencies and precious metals trading. ...
Read More: Crypto Fraud Scheme Organizers Face Legal Action...
CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud
12.8.2023
The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns
CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud
12.8.2023
The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns
Sam Bankman-Fried Could Go Back to Jail Thanks to His Big Fat Mouth
11.8.2023
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies
Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims
10.8.2023
DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss
FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say
9.8.2023
Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas prevents adding further charges without prior permission...
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
9.8.2023
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain
Former FTX Co-CEO Ryan Salame Considering Guilty Plea Talks – Here's the Latest
9.8.2023
Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a potential guilty plea with U.S. authorities....
Read More: Former FTX Co-CEO Ryan Salame Considering Guilty Plea Talks – Here's the Latest
Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud
8.8.2023
Hundreds of millions of dollars have been lost to scams and exploits in July alone
OpenAI launches web crawler 'GPTBot' amid plans for next model: GPT-5
8.8.2023
ChatGPT users have the option to scrap the web crawler by adding a “disallow” command to a standard file on the server
UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges
7.8.2023
The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes.
The new move will see the agency hire four new senior investigators to join the financial crime unit to tackle all forms...
FBI Issues Warning on Scam Involving Criminals Impersonating NFT Developers
7.8.2023
The Federal Bureau of Investigation (FBI) has issued a Public Service Announcement (PSA) warning about criminals impersonating non-fungible token (NFT) developers in social media. According to the PSA, criminals can impersonate these developers on social media by hijacking accounts or using similar...
Scottish Author Exposing Onecoin Cancels ‘Devil’s Coin’ Book Tour After Death Threats
7.8.2023
An author from Scotland has been targeted for her work to expose one of crypto history’s most notorious Ponzi schemes, Onecoin. Jennifer McAdam recently canceled book signings after receiving death threats for writing about the massive fraud and its ‘Cryptoqueen’ mastermind. Writer Cancels...
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
7.8.2023
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI
Ensuring integrity of blockchain transactions: Trust through audits
4.8.2023
Reliable auditing procedures are important for ensuring the integrity of blockchain networks