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SEC Charges Three of Stealing $11.4M Through Token Backed by Actor Steven Seagal
1.2.2021
The Bitcoiin2Gen trio allegedly bilked investors through false statements and celebrity crypto endorsements
US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution
29.1.2021
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with...
US Man Sentenced to Prison for Embezzling $20M of ICO Investors’ Funds
27.1.2021
San Francisco-based Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million
Update: "Coin Signals" trader also faces charges from the CFTC
26.1.2021
Arrested by the FBI earlier today, the 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading
‘Coin Signals’ Trader Arrested on $5M Crypto Fund Fraud Charges
26.1.2021
24-year-old Jeremy Spence bilked his investors of $5 million, according to a criminal complaint
FBI arrests 24-year-old crypto trader for commodities and wire fraud
26.1.2021
The trader was both lying to investors and using an unregistered derivatives strategy on BitMex
Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud
25.1.2021
The collapsed financial firm had previously supplied cards to several cryptocurrency companies
Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations
22.1.2021
Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations
SEC Calls Out Suspicious Crypto Companies Targeting Global Traders
22.1.2021
The securities regulator added eight suspect crypto entities to its watchlist Thursday
Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud
20.1.2021
The company shed $130 million in value after J Capital’s report
Ford, BMW back blockchain 'birth certificates' to combat used car fraud
20.1.2021
A global automotive consortium is leveraging blockchain-based “birth certificates” to track the purchase and maintenance history of secondhand vehicles
European Parliament Petitioned to Create Crypto Crime Compensation Fund
19.1.2021
A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion. Petition’s Author Represents Victims in the Bitsane Alleged Scam Case According...
How compliance software detects fraud and money laundering involving crypto
18.1.2021
As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever
Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans
15.1.2021
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department...
CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency
15.1.2021
A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme...
EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund
15.1.2021
The petition asks the EU to take a tiny fee on crypto transactions to be pooled into a fund for victims of fraud and hacks
Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison
13.1.2021
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million...
Digital ruble could be still vulnerable to fraud, Russian banks warn
13.1.2021
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble
Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India
13.1.2021
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers...
OCC's Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
12.1.2021
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers