embezzlement

According to media reports, a South Korean court sentenced a local civil servant to a suspended sentence for embezzling $159,000 he invested in crypto assets from the state budget. The unnamed official was in charge of budget spending at the social welfare administrative ...

The attackers who recently hacked the Tornado Cash project offered to return control of the project to the cryptocurrency community. The information was made public by user Tornadosaurus-Hex on the Tornado Cash community forum. ...

The U.S. Commodity Futures Trading Commission (CFTC) imposed a $3.4 billion fine on the CEO of cryptocurrency pyramid scheme Mirror Trading, Cornelius Johannes Steinberg. A statement from the regulator alleges that Cornelius Johannes Stey ...

The former CFO of African Gold Acquisition Corp Cooper Morgenthau was sentenced to three years in prison for embezzling funds used to trade cryptocurrencies. Cooper Morgenthau embezzled more than $5 million from African Gold Acquisition Corp, Strategic Metals Acquisition Co ...

Former Deutsche Bank employee Rashawn Russell has been apprehended in Brooklyn, accused of defrauding investors and engaging in cryptocurrency fraud. As per the US Department of Justice, Russell defrauded several investors by falsely assuring them that their money would be invested in cryptocurre ...

The Securities and Exchange Commission (SEC) in the United States has filed charges against the cryptocurrency platform Beaxy for engaging in brokerage and clearing activities without proper registration. Additionally, Beaxy is accused of conducting an illegal securities offering, which raised $8 ...