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Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters
19.4.2024
Avraham Eisenberg, the notorious Mango Markets hacker, has been found guilty of commodities fraud, manipulation, and wire fraud in a Manhattan federal court. Eisenberg orchestrated a complex scheme to exploit the Solana-based DeFi platform, resulting in the theft of approximately $110 million.
The...
Man Charged in ‘Cryptojacking’ Scheme for Stealing Cloud Computing to Mine $1M in Crypto
16.4.2024
US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal 'cryptojacking' operation.
The post Man Charged in ‘Cryptojacking’ Scheme for Stealing Cloud Computing to Mine $1M in Crypto appeared first on Cryptonews
Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme
16.4.2024
United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such...
Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin Seized by UK Police
12.4.2024
The victims of an investment fraud scheme have called on China to negotiate with the UK government to recover 61,000 Bitcoin seized in a money laundering investigation, valued at $4.3 billion at the time of publication.
The post Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin...
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
12.4.2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami,...
Fake SpaceX Solar Eclipse Livestreams Feature Deepfake Elon Musk Seeking Crypto Deposits
9.4.2024
Fake SpaceX live telecast of total solar eclipse featured CEO Elon Musk’s AI-generated speech, promoting a crypto investment scheme.
The post Fake SpaceX Solar Eclipse Livestreams Feature Deepfake Elon Musk Seeking Crypto Deposits appeared first on Cryptonews
BitMEX Co-Founder to Face Class-Action Lawsuit Over Alleged Price Manipulation Scheme
9.4.2024
Ben Delo, co-founder of cryptocurrency exchange BitMEX, will face a class-action lawsuit brought forth by exchange users, a United States federal judge has ruled.
The post BitMEX Co-Founder to Face Class-Action Lawsuit Over Alleged Price Manipulation Scheme appeared first on Cryptonews
Mango Markets Alleged Manipulator To Stand Trial This Week For $110 Million Theft, Used MNGO For Fraud
8.4.2024
The trial of the man accused of stealing an estimated $110 million out of the crypto exchange Mango Markets, Avraham Eisenberg, got underway in Manhattan Monday after he used their crypto token MNGO for fraud purposes. The alleged crypto criminal faces up to 40 years in prison for the scheme.
The...
Persona Fans Lose It As Leak Suggests Next Game's Color Scheme
8.4.2024
Midori, the reliable leaker known for revealing that Persona 3 Reload would be getting The Answer as DLC, has more news for Persona fans. This time it’s about the inevitable Persona 6, which remains unannounced by Atlus. According to a post on social media from Midori, the dominant color in...
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
4.4.2024
OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme
4.4.2024
“Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct,” says U.S. Attorney Damian Williams.
The post OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme appeared first on Cryptonews
Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’
27.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin...
‘Rich Dad, Poor Dad’ Author Suggests Bitcoin Could Be a Scam, But Doesn’t Dismiss Its Potential
26.3.2024
Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad” has voiced his support for Bitcoin. On March 26, he described Bitcoin as “the perfect asset at the right time” but noted that it could be a scam or a Ponzi scheme.
The post ‘Rich Dad, Poor Dad’ Author Suggests Bitcoin Could...
IcomTech Ponzi Scheme Promoters Convicted in New York, Facing Two Decades in Prison
18.3.2024
David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, have been found guilty of conspiracy to commit wire fraud by a New York jury, a Friday press release from the United States Attorney's Office for the Southern District of New York states.
The...
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
The post SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX appeared first...
Peter Schiff Regrets Skipping Bitcoin, Reignites Debate on Crypto’s Future
14.3.2024
Longtime Bitcoin critic Peter Schiff has admitted he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker, known for advocating for gold investments, had previously mocked Bitcoin as a "pure Ponzi scheme."
The post Peter Schiff Regrets Skipping...
A $300M Ponzi Scheme That Targeted Latinos Falsely Claimed to Buy Crypto, SEC Says
14.3.2024
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims
Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority
10.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority...
Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
5.3.2024
Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of the Argentine Federal Police and Interpol....
Hong Kong’s Crypto License Scheme Sees 24 Applicants, Far Fewer Than Singapore’s 70
1.3.2024
The number of applicants for Hong Kong's VATP license has reached 24, compared to 70 applicants seen in a similar scheme in Singapore.
The post Hong Kong’s Crypto License Scheme Sees 24 Applicants, Far Fewer Than Singapore’s 70 appeared first on Cryptonews