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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles
13.2.2023
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S....
Crypto, forex platform CEO pleads guilty in $248M fraud scheme
13.2.2023
Eddy Alexandre, the CEO of the purported crypto trading platform EminiFX is facing as much as 10 years behind bars for his part in the fraudulent enterprise
Former Coinbase product manager pleads guilty in insider trading case
7.2.2023
United States prosecutors have labeled this as the first insider trading case in cryptocurrency
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
UK Banks Blocking Crypto Access Given Fraud, Volatility, Lawmakers Told
7.2.2023
Finance CEOs welcomed new crypto regulations but were wary about the risks of a central bank digital currency
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud
6.2.2023
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured with promises of quick profits on stock and crypto...
YouTuber Logan Paul Slapped With Class-Action Lawsuit Over NFT 'Game'
3.2.2023
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Logan Paul and CryptoZoo sued in class action lawsuit
3.2.2023
The plaintiff, known as Don Holland, has filed a lawsuit against CryptoZoo and Logan Paul, alleging his "fraudulent venture" executed a "rug pull."
My Big Coin Founder Gets 8-Year Jail Sentence for Fraud
1.2.2023
Randall Crater, 52, was convicted in July of defrauding investors of more than $6 million
Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars
1.2.2023
Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release
Initial Coin Offerings Deserve a Rethink
31.1.2023
ICOs do not deserve their bad reputation – and can be a viable way for retail investors to take part in the growth of early stage startups and expand capital access for U.S. firms, if regulation is reconsidered
CertiK Report Reveals a Strange Twist Behind the ‘Monkey Drainer’ Scam
31.1.2023
The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership.
The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over...
Canadian Resident Heartbroken After Falling Victim to Crypto Scam, Loses Home and Almost $500K – Here’s What Happened
30.1.2023
An Ontario man has allegedly lost his home plus his entire life savings after falling victim to a crypto scam.
Stephen Carr of Meaford got involved with the scam after watching a YouTube video that promised he could make large amounts of money trading commodities, foreign currencies,...
JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
29.1.2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural...
FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers
28.1.2023
Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions “related to crypto asset transfers should...
Scammer Dupes Elderly Japanese Woman out of $748k Worth of Crypto
27.1.2023
A Japanese woman in her eighties was duped out of over $748,000 worth of tokens by a crypto scammer who told her that her bank account was under attack.
Kyodo News (via Tokyo Shimbum) reported that the woman was contacted by a “person claiming to be an employee of the ward [local government]...
Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next
26.1.2023
Attackers hacked into major US online trading platform Robinhood's social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked....
Read More: Robinhood’s Verified Twitter Account was Hacked and Started Promoting...
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
23.1.2023
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back...
SBF to forfeit $700M worth of assets if found guilty of fraud
21.1.2023
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
21.1.2023
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million...