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Bitcoin fraud: Is the SEC doing enough to protect investors?
27.10.2023
The crypto community is not in splits when it says that the US Securities and Exchange Commission should do more to protect the industry amid the rise in crypto frauds. Gary Gensler, the Chairman of the SEC (Securities and Exchange Commission), however, has cited that crypto ventures don’t want...
8 More Arrested in JPEX Scandal as Total Fraud Amount Exceeds $213 Million
27.10.2023
Hong Kong Police arrested 8 more people on Thursday in the JPEX scandal, taking the total of arrested individuals in the alleged fraud to 36. The police also revealed that a total of 2,595 people have reported losses in the JPEX crypto exchange. The total amount that has been defrauded in...
SBF Testifies in Hearing, Claims Alameda Research had Right to “Borrow” Funds
27.10.2023
Disgraced FTX founder Sam Bankman-Fried took the stand for the first time in his landmark fraud trial without the jury present. With numerous pieces of evidence and lines of testimony in contention between the prosecution and the defense, Judge Kaplan sent the jury home early Thursday in order...
LIVE: Sam Bankman-Fried Prepares to Testify Today in FTX Fraud Trial
26.10.2023
Prosecutors intend to rest their case on Thursday, at which point SBF's defense lawyers will begin calling witnesses -- including Sam Bankman-Fried himself, possibly as soon as later in the day
Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit
25.10.2023
Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures. The conglomerate raked in $188 million in the third quarter, compared to $153 million in Q3 2022....
Former Israeli Military Intel Personnel Launch New Crypto Firm Blockaid with $33 Million in Funding – What Does it Do?
24.10.2023
Web3 security company Blockaid said it has emerged from stealth with $33 million in funding to protect users from fraud, phishing, and hacks.
The company, founded in September 2022, concluded its series A funding round, bringing the total raised to $33 million, led by Ribbit Capital and Variant...
Ex-General Counsel Sheds Light on FTX’s $7B Gap in Bankman-Fried Fraud Trial
22.10.2023
FTX’s former general counsel Can Sun testified Thursday in federal court that he was shocked to learn FTX founder Sam Bankman-Fried (SBF) had secretly transferred billions in customer funds to his hedge fund Alameda Research. Sun told prosecutors he resigned the day after realizing the scope...
Testimony from the FBI, Kendall Jenner, and Revealing Twitter Messages: Recapping the Second Week of the SBF Trial
20.10.2023
The action-packed third week of Sam Bankman-Fried's historic fraud trial concluded Thursday afternoon in Manhattan federal court. Here's what you missed.
The prosecution started with a bang as Nishad Singh delivered a powerful testimony against the now-disgraced FTX founder.
Singh testified that...
Testimony from the FBI, Kendall Jenner, and Revealing Twitter Messages: Recapping the Third Week of the SBF Trial
20.10.2023
The action-packed third week of Sam Bankman-Fried's historic fraud trial concluded Thursday afternoon in Manhattan federal court. Here's what you missed.
The prosecution started with a bang as Nishad Singh delivered a powerful testimony against the now-disgraced FTX founder.
Singh testified that...
Unraveling the Dark Side of Crypto
20.10.2023
Best Crypto to Buy Now October 19 – Rollbit Coin, Radix, Render
19.10.2023
New York Attorney General Letitia James made headlines today by filing a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini.
The lawsuit accuses the firms of defrauding investors of more than $1 billion.
With the recent news from the New York Attorney...
Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal
19.10.2023
New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about...
New York Attorney General sues Gemini, Genesis, DGC for allegedly defrauding investors
19.10.2023
A filing from New York attorney general Letitia James alleges that the cryptocurrency companies defrauded investors of over $1 billion
How a Crypto Fraud Gave Florida Its First Forward Party Candidate
18.10.2023
Calgarians Lost $22.5 Million in 340 Reported Crypto Scams This Year, City Police Warns
18.10.2023
Citizens of the Canadian city of Calgary have fallen victim to 340 crypto-related scams, losing over $22.5 million in this year alone, claims report.
The Calgary city police service said in a report Monday that the city residents have so far lost more than $22.5 million in cryptocurrency scams,...
Banking Scams Overtake Crypto Frauds in Ireland
16.10.2023
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having...
Saudi Central Bank Calls IMF for “Good Supervision” of Crypto Activities
16.10.2023
Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), has warned against the potential dangers and risks of cryptocurrencies and their brokers.
Addressing at a session on the global economy and crypto assets at the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Morocco...
Sam Bankman-Fried requests long-acting Adderall to focus during trial
16.10.2023
Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...