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Indian Government Answers Questions About Crypto Legalization, Fraud Prevention
6.4.2023
The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud...
Today in Crypto: $437,483,543 Lost to Crypto Hacks & Frauds in Q1, Italian Man Swindled Out of $1.8M, Metaco Partners with VP Bank
4.4.2023
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: $437,483,543 Lost to Crypto Hacks & Frauds in Q1, Italian Man Swindled Out of $1.8M, Metaco Partners with...
A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?
4.4.2023
A “significant” rise in the number of fraudulent crypto exchanges targeting Russians and Russian-speaking crypto traders has been detected, a new report has found.
Per Kommersant, experts have noted a “significant increase” in the number of “small [Russian-language] crypto exchanges, some of which...
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation Launches ‘Twin’ Token ckBTC
3.4.2023
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: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation...
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
1.4.2023
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses...
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
1.4.2023
A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves...
National Futures Association adds rules for members handling digital assets
31.3.2023
The CFTC-linked self-regulatory organization (SRO) has disclosure rules for members engaging in activities with BTC and ETH; now, standards of conduct are being added
Sam Bankman-Fried Pleads Not Guilty to New Fraud and Bribery Charges in Federal Court – Here's What You Need to Know
31.3.2023
Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to five additional charges brought against him in federal court in the US.
The new charges against Bankman-Fried are focused on alleged bribery of foreign officials from China. According to the charges, Bankman-Fried paid $40 million...
Today in Crypto: Malware Disguised as Tor Used to Steal $400,000 in Crypto in 2023, Telegram Premium Can be Purchased with TON, Boerse Stuttgart Digital Licensed by BaFin for Crypto Custody Business
30.3.2023
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: Malware Disguised as Tor Used to Steal $400,000 in Crypto in 2023, Telegram Premium Can be Purchased with...
The Steam Card Scams That Keep Some GameStop Employees Up At Night
30.3.2023
Someone walks into a GameStop and asks where the gift cards are. They proceed to buy a bunch of them. Not just $40, or $80, but hundreds of dollars worth of Steam cards, Razer Gold, or some other gaming currency. They don’t look like someone who’s kneed deep in the seedy underworld...
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
28.3.2023
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
Today in Crypto: Canada’s ‘Crypto King’ Allegedly Kidnapped and Tortured, Kokomo’s $4M Exit Scam, KuCoin Launches $1M Bug Bounty Program, Bitget Partners with Space and Time
27.3.2023
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: Canada’s ‘Crypto King’ Allegedly Kidnapped and Tortured, Kokomo’s $4M Exit Scam, KuCoin Launches $1M...
Titanium Blockchain CEO behind BARs ICO fraud, put behind bars for 4 years
27.3.2023
The Titanium Blockchain executive has been finally sentenced after pleading guilty in July last year
Terraform Labs Founder Do Kwon Faces Fraud Charges in New York Following Arrest in Montenegro
24.3.2023
Terraform Labs founder and crypto fugitive Do Kwon has been charged with eight counts of fraud in New York after his arrest in Montenegro.
The indictment, which was made public in the U.S. District Court in Manhattan on Thursday, charges Kwon with two counts each of securities fraud, wire fraud...
Filip Adzic confirms the arrest warrant of South Korea’s Kwon Do-Huing for $40 billion Fraud
24.3.2023
Filip Adzic, Minister of Interior of Montenegro, announced that the South Korean citizen Kwon Do-Huing, also known as the King of Cryptocurrencies, was detained at the Podgorica airport, Montenegro, on 23 March 2023. The announcement states South Korea has issued a warrant for the criminal...
Do Kwon faces fraud charges from US prosecutors hours after arrest
23.3.2023
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York
Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors
23.3.2023
Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro