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Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas
13.12.2022
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “followed receipt of formal notification from the United States that it has filed criminal charges...
Blockchain Entrepreneur Arrested in California on Fraud Charges
7.12.2022
Rikesh Thapa is accused of bilking his start-up firm of over $1 million in U.S. currency, cryptocurrency and utility tokens
OneCoin Co-Conspirator Frank Schneider Faces Money-Laundering Charges
7.12.2022
OneCoin was a $4 billion ponzi scheme
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
7.12.2022
On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford...
The Crypto 6 Case Heads to Trial With Only 1 Defendant Left, Prosecutor’s So-Called ‘Expert’ Excluded
4.12.2022
On Dec. 6, 2022, the “Crypto Six” case will be heading to trial, and out of all six defendants, only Ian Freeman, co-host of the radio broadcast Free Talk Live, has not accepted a plea bargain. According to the most recent hearing, Freeman’s legal counsel filed a Daubert motion, which aims...
Tornado Cash Developer Faces Money Laundering Charges, To Remain in Jail Until At Least February
23.11.2022
Tornado Cash developer Alexsey Pertsev will remain in jail for another three months after being charged with money laundering allegations for the development of the mixing service.
Pertsev, who has been held in detention for the past 100 days, was arrested by Dutch authorities over alleged...
Founder of Crypto Exchange Thodex to Be Extradited to Turkey From Albania: Report
18.11.2022
Faruk Fatih Özer disappeared in 2021, taking funds from 400,000 users. He was arrested in Abania in August this year
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
17.11.2022
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first...
First Mover Americas: FTX Faces Criminal Charges
14.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors
6.11.2022
The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme...
SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
5.11.2022
The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot....
Read More: SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
SEC Charges Trade Coin Club Founding Members With Operating a $295-Million Ponzi Scheme
4.11.2022
The multi-level marketing organization raised over 80,000 bitcoin from 100,000 investors
US Charges Chinese Spies in Scheme to Bribe Government Employee With Bitcoin to Steal ‘Secret’ Documents
26.10.2022
The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000...
S. Korean Prosecutors Request Eight Year Prison Sentence for Ex-Bithumb Chairman on $70M Fraud Charges
25.10.2022
The owner of South Korean crypto exchange Bithumb, Lee Jung-hoon, is likely to be sentenced to eight years in prison for committing fraud
Onecoin Cryptoqueen Associates Appear in German Court
21.10.2022
Three people are facing trial in Germany for their roles in one of the crypto world’s most infamous scams, Onecoin. The defendants are accused of fraud, among other crimes, allegedly committed as they assisted the pyramid scheme’s mastermind, ‘Cryptoqueen’ Ruja Ignatova, who is still on the run....
US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency
20.10.2022
A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies, smuggling oil, and disguising money...
Prosecutors argue 'insider trading' claim in the OpenSea case is accurate
19.10.2022
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.”
Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’
15.10.2022
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
5.10.2022
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower...