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CoinMarketCap-led token airdrops ‘infected by fraud,’ crypto project claims
10.1.2023
A crypto project claims a promotional token airdrop campaign led by CoinMarketCap was riddled with "fraud" that left its token price crumbling
NY law firm investigates potential 'securities fraud' at Core Scientific
10.1.2023
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had "wildly oversold" its mining and hosting businesses
DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward
8.1.2023
The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department...
Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment
8.1.2023
Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature inherent...
SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns
7.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate investment returns of more than 500,000 times...
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
6.1.2023
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets
6.1.2023
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that it is “formally investigating whether the debtors and others violated the anti-fraud...
Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT 'fraud'
6.1.2023
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly “defrauded” investors of $2.9 million and admitted to a rug pull
Developer of ‘Mutant Ape Planet’ NFTs Arrested, Charged With Fraud for Alleged $2.9M Rug-Pull
5.1.2023
The developer of the Mutant Ape Planet non-fungible token (NFT) collection – a knock-off of the popular Mutant Ape Yacht Club NFT collection – has been arrested and charged with fraud for allegedly perpetrating a $2.9 million rug pull
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
5.1.2023
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers,...
Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme
5.1.2023
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: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US...
NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’
5.1.2023
Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections.
On the morning of January 4 (PT time), the marketplace team saw "a handful" of reports saying...
Magic Eden to refund users after 25 fake NFTs sold due to exploit
5.1.2023
Over two dozen fake NFTs were sold on the Magic Eden marketplace over a 24-hour period due to a "massive exploit" on the platform
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed
4.1.2023
On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the defendant’s request to keep the names of his $250...
Sam Bankman-Fried Pleads Not Guilty to Criminal Charges in ‘Epic’ FTX Cryptocurrency Exchange Fraud – This is All You Need to Know
4.1.2023
FTX founder Sam Bankman-Fried pleaded not guilty in a New York court on Tuesday, where the judge scheduled the trial against the former crypto mogul to begin in the fall.
US District Judge Lewis Kaplan decided during Tuesday’s hearing that Bankman-Fried’s trial will begin on October 2 this year....
Sam Bankman-Fried Pleads ‘Not Guilty’ to Fraud, Conspiracy Charges
3.1.2023
FTX founder Sam Bankman-Fried pleaded “not guilty” to eight charges in court, including wire fraud and campaign finance allegations
Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: Report
3.1.2023
Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
3.1.2023
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb
Sam Bankman-Fried to Plead Not Guilty to Fraud Allegations on January 3rd
31.12.2022
Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, will plead not guilty to fraud and other charges against him at his upcoming arraignment.
According to a report from the Wall Street Journal, which cited a person familiar with the situation, Bankman-Fried...