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Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...
India to develop dark net monitoring tool to combat crypto fraud: Report
22.9.2023
The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report
Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
21.9.2023
A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $1.5 million, according to the U.S. Justice...
Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme
20.9.2023
Rashawn Russell faces up to 30 years in prison for his role in the fraudulent cryptocurrency trading scheme
Lawyer Who Laundered Onecoin Money Denied New Trial
20.9.2023
A judge in the U.S. has rejected a request by a lawyer who laundered $400 million from the Onecoin crypto pyramid to have a new trial. The ruling clears the path for sentencing 54-year-old Mark Scott despite a key prosecution witness admittedly lying in court. Judge Not Convinced in Onecoin...
Former Deutsche Bank Investment Banker Faces up to 30 Years in Prison for Crypto Fraud
20.9.2023
A former investment banker from Deutsche Bank, Rashawn Russell, has pleaded guilty to charges of misappropriating funds from investors through promises of higher returns from cryptocurrency trading, as confirmed by the U.S. Justice Department.
Russell now faces up to 30 years in prison when he...
Fraud Investigation of Crypto Exchange JPEX Triggers Trading Halt, Arrests, Increased Regulatory Scrutiny
20.9.2023
A fraud investigation of cryptocurrency exchange JPEX in Hong Kong has led to the shutdown of some trading activities on the platform, the arrest of multiple people, and increased regulatory scrutiny of the entire crypto sector. “This incident highlights the importance that when investors want...
Philippines SEC teams up with US counterpart to combat crypto fraud
20.9.2023
The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime
Hong Kong to tighten crypto regulation in wake of JPEX fraud case
19.9.2023
The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and declining wallet balances
South Korean Authorities Take Aim at Unregulated Crypto OTC Desks Amid Money Laundering Concerns
19.9.2023
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced...
Government objects to ‘unnecessary,’ ‘prejudicial’ SBF jury selection questions
15.9.2023
The U.S. attorney sees no reason for potential jurors to discuss effective altruism or ADHD, among other things, before trying SBF
Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison
14.9.2023
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...
SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’
14.9.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin...
20-Year Prison Term for OneCoin Co-Founder Karl Greenwood in Landmark Crypto Fraud Case
13.9.2023
Karl Greenwood, the co-founder of infamous crypto scam OneCoin, has been sentenced to 20 years in prison by a New York judge.
US District Judge Edgardo Ramos, who presided over Greenwood's sentencing, characterized the fraud in the OneCoin case as "massive in many respects" and likened it...
OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
13.9.2023
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme
OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
12.9.2023
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme
Petition hopes to stop US government agencies from using Chainalysis’ forensics
12.9.2023
According to the petition on Change.org, Chainalysis’ unproven technology can lead to an assortment of privacy violations
Today in Crypto: Elderly Women Accuse US Man's 'Bitcoin Exchange' of Scam, DigiFT Launches 'First Regulatory-Compliant Ethereum Staking Token', Qredo Wallet Integrates USDC
12.9.2023
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: Elderly Women Accuse US Man's 'Bitcoin Exchange' of Scam, DigiFT Launches 'First Regulatory-Compliant...
Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap
12.9.2023
Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing perpetrators to promote a crypto scam enticing victims with...
CFTC Commissioner Calls for Fraud Database to Allow Investors to Identify Bad Actors
12.9.2023
Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC), has proposed the creation of a federal fraud database that would allow investors to identify individuals with bad reputations.
The registry aims to provide investors and law enforcement with easy access...