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Nalezeno "Fraud": 2005

FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

18.5.2023
Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang...

Former CFO indicted for diverting $35M to cryptocurrency venture

18.5.2023
In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison

‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

16.5.2023
Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets

Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions

15.5.2023
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders...

Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar

13.5.2023
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28...

Binance to Withdraw From Canadian Market Due to Regulatory Climate

13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...

Notorious Crypto Scammer Nicholas Truglia Arrested in Florida for Fraud and Gun Possession

11.5.2023
Nicholas Truglia, known for his engagement in a massive cryptocurrency theft, has been arrested again in Florida over allegations of fraud and carrying a concealed weapon. The 25-year-old was arrested Tuesday in Florida, Bloomberg News reported, noting that the circumstances of the latest case...

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...

Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued

10.5.2023
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking...

OKX just sent $60M in USDT, MASK token to Alameda Research

9.5.2023
The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange

FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition

9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...

Fractional Reserve Banking Is a Fraud (but It's Genius)

8.5.2023

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...

UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance

6.5.2023
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since...

7 potential use cases of chatbots in banking

4.5.2023
chatbots can offer a convenient and accessible way for individuals to manage their personal finances, fraud prevention and more

Ukraine, US Shut Down 9 Cryptocurrency Exchanges

4.5.2023
Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various fraud schemes. Cyberpolice, US Investigators Bust...