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SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
11.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register...
Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit
10.10.2024
An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects
Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit
10.10.2024
Investors in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects
SEC Exec Jorge G. Tenreiro Faces Bar Complaint Over Ripple Appeal
7.10.2024
Jorge G. Tenreiro, the SEC’s enforcement Chief for Crypto Assets and Cyber Unit, is under scrutiny following a…
US gov files complaints to seize assets from North Korean hackers
6.10.2024
According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
6.10.2024
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent...
Hacker pleads guilty to stealing $37M in crypto via ‘cyber intrusion’
2.10.2024
Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and launder monetary instruments
SEC Places Heavier Scrutiny on Binance's Token Listing, Trading Process in Proposed Amended Complaint
16.9.2024
The SEC filed its proposed amended complaint against Binance on Thursday with a greater emphasis on the exchange's token listing process
FBI Seizes Websites Linked to Crypto Recovery Fraud
16.9.2024
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering results. The FBI advises...
Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange
30.8.2024
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that...
Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings
19.8.2024
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business...
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
13.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to...
Crypto critics file updated campaign finance complaint against Coinbase
6.8.2024
The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not
SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL) in Binance Case
30.7.2024
The U.S. SEC may be dropping it's charges against so-called third-party tokens such as Solana and Matic which have been part of its case against Binance, according to a court filing early Tuesday morning
SEC backs down on claiming SOL, ADA, MATIC and other tokens are securities in Binance suit
30.7.2024
The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, Polygon and others as securities
WazirX Files Police Complaint After $230M Hack, Engages With India's Cyber Crimes Unit
19.7.2024
Indian crypto exchange WazirX has filed a police complaint, it said on X, and it has also reported the incident to the Indian Computer Emergency Response Team (CERT-In)
Plaintiffs amend complaint in Tether lawsuit for alleged USDT scheme
16.7.2024
The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether
15.7.2024
Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws
Crypto for Advisors: Crypto and Compliance
11.7.2024
The coming years are crucial for compliance and risk in crypto. Beth Haddock discusses strategies advisors can take to protect their brand while serving clients as fiduciaries
Austria’s NOYB Files Privacy Complaint Against OpenAI’s ChatGPT
29.4.2024
According to the Austrian privacy advocacy group, the complainant's requests for the OpenAI chatbot to remove or amend the inaccurate response were turned down. Further infringing on the complainant's right to privacy, ChatGPT informed the subject that data modification was not feasible on the...