Sam Bankman-Fried’s Trial Begins Amid Wire Fraud and Money Laundering Allegations
Sam Bankman-Fried, facing charges of wire fraud, money laundering, and conspiracy, arrived 30 minutes late for the first day of his trial. He is accused of misappropriating customer funds from FTX. The trial started with neither the government prosecutors nor Bankman-Fried's defense team having rece ...
Lawsuit Fails to Implicate Binance in Dating App Cryptocurrency Scam
A user of the dating app Tinder failed to prove in court the involvement of the cryptocurrency exchange Binance in creating favorable conditions for the theft of funds. Divya Gadasalli fell victim to a fraudster in 2022 and lost nearly $8 million on investments in questio ...
Australians lose $148.3 Million to Cryptocurrency Scams in 2022
According to the latest report by the Australian Competition and Consumer Commission (ACCC), cryptocurrency scams in 2022 resulted in a loss of $148.3 million to Australian citizens. The regulator received 3,910 reports of cryptocurrency fraud over the past year, with an average loss of $37,900 p ...