Fraud

Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.In June, the SEC filed a lawsuit against Binance and ...

FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried&rsq ...

In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the ...

The financial services provider Mastercard revealed a new partnership with artificial intelligence (AI) firm Feedzai, according to reports from CNBC on Nov. 20. Mastercard says this integration aims to boost its ability to detect and prevent fraud routed through cryptocurrency exchang ...

Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.Davies, who has been embroiled in bankruptcy proceedings following the collapse of 3AC in 2022, has already been sentence ...

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.In a Nov. 10 statement, the Department of Justice (DOJ) said that U.S. District Ju ...

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alle ...

The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law. SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president ...

The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.The J5 members comprise the criminal intelligence ...

The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto.In an Oct. 31 statement, Commodity Futures Trading Commission (CFTC) commissioner Christy Gol ...

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s te ...

The trial of payment platform developer Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, and seven others got underway in Seoul Southern District Court in South Korea on Oct. 30, according to local news reports. Shin is accused of defrauding investors. Also at issue was wheth ...

Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to sec ...

The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried listened to the former FTX CEO’s testimony for the first time, which involved largely denying knowledge of fraudulent activities at the crypto exchange.According to reports from the New York courtroom on Oct. 27, Bankman-Fri ...

A Nigerian court has convicted and fined a peer-to-peer (P2P) cryptocurrency trader who was accused of operating a pig butchering scam. The trader, Lawrence Success Karinate, was found guilty of computer-related fraud, and the court ruled that he must pay a fine equivalent to $257.90 or N200,000. ...

OpenSea, a well-known non-fungible token (NFT) platform, has responded to recent accusations on social media regarding the involvement of a former employee in the AnubisDAO rug pull incident of 2021. The accusations, made by an anonymous account called NFT Ethics, suggested that Kevin Pawlak, a form ...

A former Deutsche Bank investment banker, Rashawn Russell, has pleaded guilty to investment fraud in connection with a fraudulent cryptocurrency trading scheme. Russell, aged 27, was charged earlier this year for his involvement in a scheme where he operated a fraudulent cryptocurrency investment fu ...

Hong Kong authorities are taking steps to tighten regulations on the cryptocurrency market following the arrest of six individuals connected to an alleged fraud involving an unlicensed crypto exchange named JPEX. The Chief Executive of Hong Kong, John Lee Ka-chiu, announced on September 19th that ...

Since its launch in August 2021 with its built-in security feature, Arbitrum's mainnet has remained untouched by any fraud proof submissions, as confirmed by Ed Felten, the co-founder and chief scientist of Offchain Labs, the team behind Arbitrum. Arbitrum operates as an Ethereum layer-2 solution ...

The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).The United States District Court for the Western District of Texas has ordered MTI to pay $1.7 billion in restitution to victims for operating a fra ...

The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange. Judge Katherine Polk Fai ...

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, B ...

United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried. The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case ...

Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witn ...

FTX’s former primary counsel Fenwick & West LLP has been hit with a class-action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy enti ...

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. ...

A United States Securities and Exchange Commission lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm’s motion to dismiss on July 31.  In handing down the order, the judge also rejected a July 13 decision from U.S. District ...

Billionaire entrepreneur Mark Cuban has again locked horns with former securities official John Reed Stark, this time over who was ultimately to blame for FTX’s collapse and the impact on creditors. During a heated back-and-forth exchange, Cuban argued had the United States Securitie ...

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.  ...

Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad ...

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contains 16 counts and seeks over $700 million from the defendants.The lawsuit filing names  ...

Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility.According to a June 20 Investor Alert from the Canadian Securities Administrators, some “purported ...

Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegat ...

In a June 8 speech at the Piper Sandler Global Exchange & Fintech Conference, United States Securities and Exchange Commission (SEC) Chair Gary Gensler compared the current crypto market to the 1920s U.S. stock market, saying that it is full of “hucksters,” “fraudsters&rdquo ...

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10-month timespan in 2018.The 63-year-old, who was a co-owner of the Mi ...

Federal prosecutors have called the arguments of Sam Bankman-Fried, founder of the bankrupt FTX crypto exchange, demanding that several charges against him be dismissed. In early May, Sam Bankman-Fried filed a motion with the court to dismiss 10 of the 13 charges, which i ...

The founder of Terraform Labs hired the world's largest law firm Dentons to represent the businessman during the investigation by the U.S. Attorney's Office. This is not the first time Do Kwon has used the services of Dentons. Businessman hired company attorneys to challe ...

The Commodity Futures Trading Commission (CFTC) sued five Americans who promoted what officials said was a fraudulent Icomtech cryptocurrency scheme that caused more than 170 people to lose money. The CFTC filed a civil lawsuit in California Central District Court against D ...

The Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) said she is ready to regulate cryptoindustry with the U.S. Securities and Exchange Commission (SEC). Christy Goldsmith Romero said the regulator is now conducting several major investigations related ...

DeFi project Fintoch was accused of. that it may be a pyramid scheme, and its creators stole $31.6 million from users. This was reported by blockchain researcher @ZachXBT. Millions of users were withdrawn to BNB Chain (formerly Binance Smart Chain) via Tron and Ethereum n ...

About 30 residents of Scotland accused the cryptocurrency platform Safe Holdings, which offered to trade cryptoassets on their behalf using some special software to analyze the crypto market, of fraud. The victims claim the cryptocurrency scheme is run by one Chris O'Brie ...

PeckShield reports that observations by its experts show that a series of scams involving the launch of about 24 memtokens have occurred in the past ten days. PeckShield analysts warn cryptoinvestors, who succumbed to the urge to earn on the rush of memtokens, of the dang ...

Fraud investors out of $45 million Money was spent on cars and real estate The scam affected 10,000 people The man who participated in the scam goes on trial May 20</nbsp; The U.S. Department of Justice charges a 57-year-old man named B ...

The U.S. Department of Justice sent letters to members of Congress asking them to voluntarily return funds received from the bankrupt cryptocurrency exchange FTX. The office of Republican Senator Bob Latta of Ohio confirmed receiving a letter from the DOJ. In October 2 ...

A resident of Mercer Island, Washington, has been charged with fraud and misuse of $35 million by his employer, which the employee spent on loss-making investments in cryptocurrencies.</div The U.S. Attorney's Office for the Western District of Washington has charged Nev ...

He and two other members of top management are accused of negligence and fraud Allegedly the Embed platform was grossly overvalued at purchase its former CEO offered only $1 million for a buyback FTX insists the deal be voided In June 2022 ...

The U.K. Parliament has released a 28-page report proposing to regulate cryptocurrencies that are not backed by real assets as gambling. The study stresses that such cryptocurrencies, including bitcoin and ether, could potentially be used for fraud and money laundering. ...

Trouble for a French citizen began when he bought a Ferrari car from a Moroccan woman in April 2021, paying her the equivalent of $440,000 in bitcoins. Thomas Clausi seized the moment when bitcoin hit a record high, trading over $60 000 per coin. A few months later, the ...

U.K. citizen pleaded guilty to large-scale hacking of celebrity accounts in social networks for bitcoin fraud. Joseph James O'Connor is recognized as one of the hackers who hacked the Twitter accounts of several celebrities in 2020 including American star Kim Kardashian, ...

These are creations of popular startup Boomy The chatbot is suspected of faking auditions and other sins Streaming service Spotify deleted tens of thousands of songs written by artificial intelligence. Mainly products of the music startup Boomy. However, in pr ...

Founder of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried asked the court to drop most of the criminal charges related to the collapse of the site. Sam Bankman-Fried has filed a motion to dismiss 10 of the 13 charges he faced, including fraud, conspiracy and b ...

The British Columbia Securities Commission (BCSC) accused Vancouver-based non-functioning cryptocurrency platform ezBtc of defrauding investors and defrauding $13 million. According to local media reports, the regulator accused BCSC creator David Smillie of orchestrating ...

South Korean authorities seek Kwon's extradition Most of the evidence is held in the fraudster's home country The scandalous co-founder and CEO of Terraform Labs Do Kwon risks 40 years in prison. South Korean authorities are also seeking Kwon's extradition. Pr ...

The U.S. Court of Appeals for the Third Circuit ordered the Securities and Exchange Commission (SEC) to respond within ten days to a petition from a major U.S. crypto exchange to clarify rules governing the crypto industry. Coinbase legal chief Paul Gruel said the court r ...

The Texas Securities Commission has warned of a fraudulent scheme promoting the crypto-asset TruthGPT Coin and allegedly using an artificial intelligence model called Elon Musk AI. According to a statement from commissioner Travis J. H. Hughes, a member of the Texas State ...

Former product manager for OpenSea's NFT platform, Nathaniel Chastain, has been found guilty of fraud and unlawful gain by using insider information. The indictment against Nathaniel Chastain, announced last June, was the first in a series of high-profile cases involving in ...

CertiK, a cybersecurity and auditing firm, says more than $103 million was stolen from cryptocurrency projects during April as a result of hacking attacks. CertiK specialists tweeted a report on exploits, fraud and hacks on cryptocurrency platforms. Since the beginning of ...

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 ...

The FBI recently conducted a thorough search of the Maryland home of former CEO of FTX Digital Markets, Ryan Salame, for undisclosed reasons. It is suspected that the search is related to Salame's close working relationship with Sam Bankman-Fried, the founder of the now-collapsed FTX exchange who ...

ScamSniffer, a platform dedicated to detecting fraudulent activity online, has recently reported that users have lost more than $4 million in just one month as a result of falling prey to cryptocurrency phishing scams. The creators of these malicious sites have been utilizing Google Ads, a contex ...

The Financial Services Committee of the US Congress has called upon regulators to provide information regarding possible concerted actions against digital asset providers. House Financial Services Committee Chairman Patrick McHenry, French Hill Digital Assets Subcommittee Chairman, and Bill Huize ...

ZachXBT, a well-known researcher in the world of cryptocurrency, has made a shocking revelation. According to their recent findings, an individual has been issuing numerous fraudulent "meme tokens" from a particular address over the last 45 days. The wallet in question is 0x739c58807B99Cb274f6 ...

The scammers deceived about 3,000 people They offered to invest in non-existent cryptocurrencies Police in Spain have exposed cryptojackers who deceived about 3,000 people and stole more than $110 million.. On April 24, law enforcement officers found and arres ...

A recent court ruling has put a stop to all cryptocurrency-related activities on major platforms, such as Binance, Crypto.com, Bitstamp, and Kraken. The decision was made in response to a request from the liquidator of the defunct cryptocurrency platform Globix, who sought to freeze all digital a ...

The Hydrogen cryptocurrency project was under investigation by the US Securities and Exchange Commission (SEC) which has now been concluded by the New York District Court. The case was initiated based on a complaint against Hydrogen for fraud. As per the ruling, the CEO of Hydrogen Technology, ...

The TikTok platform has seen an astonishing 6 billion views of videos with a cryptocurrency theme. However, a new study has revealed that not all "crypto influencers" on the platform have the best interests of investors in mind. Analysis conducted by dappGambl of 1,161 videos featuring the has ...

The OTPP Exits Cryptocurrency Investment After $95M Loss on FTX. The Canadian Teachers' Pension Fund of Ontario (OTPP) has decided to abandon its cryptocurrency investment after incurring a loss of $95 million in the bankrupt cryptocurrency exchange FTX. OTPP, Canada's third-largest pension fu ...

The Kursk regional police are currently on the hunt for individuals who scammed a local resident out of 1,290,000 rubles by posing as cryptocurrency investors. The victim, a 43-year-old man, fell prey to a standard fraud scheme when he responded to an online advertisement promising huge profits t ...

ZachXBT, a cryptocurrency enthusiast, has accused popular American rapper Soulja Boy of promoting fraudulent NFT projects. The rapper allegedly ran 73 promotions and 16 NFT giveaways on Twitter, featuring tokens such as RapDoge, Orion, The Life Token, SaferMars, Flokinomics, and ParrotsDAO. Ho ...

The police in Serbia have taken possession of an apartment in Belgrade where Do Kwon, the founder of Terraform Labs, had been hiding for six months before being apprehended in Montenegro. The duplex, worth €2.2 million, was raided by the police on Friday, after it was revealed that Han Chang-Joon ...

The Turkish Ministry of Justice announced that preparations for the extradition of the founder of the Thodex exchange have been completed and that he will be handed over to law enforcement agencies next Thursday. Faruk Fatih Ozer fled Turkey last year and was wanted by Interpol on charges of frau ...

Calgary, Alberta, Canada's police force has partnered with Chainalysis, an analytical company, to establish the Center for the Investigation of Crimes Related to Cryptocurrencies and Blockchain. The CPS Blockchain Investigation Team (BIT) was formed by the Cybercrime Investigation Unit of the Cal ...

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 ...

Ray Youssef, the co-founder of the now-defunct P2P marketplace Paxful, has revealed that 88% of previously frozen accounts have been unlocked and that users can now withdraw their funds from the platform. Youssef made the announcement via Twitter, stating that this feat was accomplished in just 1 ...

The BNB Chain blockchain developers have taken swift action by adding 191 projects to their red list. This list serves as a warning to investors about the possible dangers of investing in fraudulent projects. The updated list includes projects that have fake tokens, exorbitant withdrawal fees, ...

The legal team at the Moskowitz Law Firm is currently advocating for investors who were negatively impacted by the collapse of FTX, and they recently took to social media to voice their concerns regarding NBA legend Shaquille O'Neal. In their post, they warn Shaquille O'Neal to be more careful ab ...

It is not uncommon for the Chinese government to closely monitor and control information related to sensitive topics such as cryptocurrency. The recent removal of the Bitcoin price monitoring feature on Douyin shortly after it was added suggests that the Chinese authorities may not be as crypto-f ...

In the Krasnodar Territory, a cryptocurrency investor was recently scammed out of 17 million rubles. The woman was trying to sell her USDT tokens when she posted an ad on social media offering to sell them for 196,500 euros. Two buyers from Kazan agreed to the deal and handed over the money to ...

Lawyers representing Elon Musk, the CEO of both Tesla and SpaceX, are seeking the dismissal of a $258 billion lawsuit filed against him in 2022 by a Dogecoin investor. Keith Johnson, the investor, accused Musk of engaging in a fraudulent scheme involving Dogecoin and falsely representing the cryp ...

Chinese officials have emphasized the need for international regulators to tighten oversight of the cryptocurrency industry to protect users from fraud and financial loss. Xuan Changneng, the deputy governor of the People's Bank of China (PBOC), acknowledged the importance of not "blocking the ro ...

The founder of FTX, a bankrupt cryptocurrency exchange, has pleaded not guilty to 13 charges, including conspiring to violate campaign finance laws and bribing Chinese authorities. Sam Bankman-Fried, who previously denied eight fraud charges, will face trial in New York in October. In addition ...

Former FTX CEO Sam Bankman-Fried is facing accusations from the US Justice Department of paying $40 million in bribes to Chinese officials to unfreeze accounts linked to Alameda Research, FTX's investment arm. The Justice Department has released a revised indictment alleging that Bankman-Fried tr ...

According to reports from various media outlets, Do Kwon, the founder of Terraform Labs, established a new company in Serbia for a remarkably low price of less than $1 just a few weeks after being placed on the international wanted list by Interpol. Kwon founded a company named "Codokoj22 d.o.o. ...

Law enforcement authorities in the United States have taken possession of 18 cryptocurrency ATMs from Coindawg LLC, a company that allegedly acquired them with funds obtained fraudulently from the state. Coindawg founder Charles Riley Constant has been accused of applying for loans from the U.S. ...

Montenegro's law enforcement authorities made headlines when they apprehended the CEO and co-founder of Terraform Labs at the airport in the capital city. Filip Adzic, the foreign minister of the Balkan country, revealed that Do Kwon had turned into one of the most sought-after criminals on the r ...

Following the recent arrest of Do Kwon, the founder of Terra, in Montenegro, U.S. prosecutors have filed criminal charges against him on allegations of fraud, securities fraud, wire fraud, commodity fraud, and conspiracy to manipulate the market. The charges come as American law enforcement seeks ...

In the Kemerovo Region of Russia, a woman residing in Novokuznetsk has fallen prey to a fraudulent scheme involving cryptocurrency. Despite being an economist herself, the 54-year-old victim took out loans and mortgaged her apartment to invest 6.7 million rubles in what she thought was a reliable ...

FTX's interim administration has filed a lawsuit against FTX Digital Markets and its Bahamian liquidators, alleging that they are unlawfully claiming the assets of the cryptocurrency exchange. The FTX Interim Administration is seeking the intervention of U.S. Bankruptcy Judge John Dorsey to confi ...

According to the Chairman of the Dutch Financial Markets Authority (AFM), Laura van Geest, the European Union Crypto Asset Regulation (MiCA) bill is too lenient for the cryptocurrency industry. Despite the regulations in place for digital assets, the Dutch regulator intends to maintain a strict s ...

It seems that FTX, a cryptocurrency exchange, has been involved in a scandal in which its founders and key employees received large sums of money, mostly from a subsidiary of Alameda Research. The total amount received was $3.2 billion, with $2.2 billion going to FTX creator Sam Bankman-Fried. ...

According to the FBI Internet Crime Report 2022, cryptocurrency fraud cases have seen a significant increase of 183% from the previous year, reaching a total of $2.57 billion. This is a sharp rise from the $907 million reported in 2021. The data was collected from the Internet Crime Complaints Ce ...

US authorities have detained one of the masterminds behind the G|CLUBS club and the Himalayan Cryptocurrency Exchange, both of which have been exposed as fraudulent schemes worth approximately $1 billion. According to the US Attorney's Office, Miles Guo and Kin Ming Je, both Chinese businessmen, ...

The US Department of Justice is reportedly investigating the crash of the stablecoin TerraUSD, which occurred last year. Sources familiar with the situation revealed to the Wall Street Journal that former Terraform Labs employees who handled the USTC stablecoin have already been interrogated by t ...

The Hoggpool project has been accused of committing a crypto fraud of $615,000 by Egyptian police. Authorities have taken into custody 29 individuals who were involved in the distribution of the mobile application, which was designed to attract investors in cryptocurrencies. According to the p ...

A man has been sentenced to three years in prison by the U.S. District Court for defrauding investors and stealing over $2 million through a cryptocurrency mining scam. According to U.S. Attorney Damian Williams, Chet J. Stojanovich, who also goes by Chester J. Stojanovich, operated Chet Mining C ...

Coffeezilla, a popular YouTuber known for uncovering crypto fraud, has recently accused Khabib Nurmagomedov, a Russian mixed martial artist, of scamming investors with non-fungible tokens (NFTs). Nurmagomedov partnered with GoMining in October 2021 to launch a collection of NFTs, each supported b ...

"Former FTX Technical Director Pleads Guilty to Criminal Charges and Agrees to Cooperate with Authorities" Nishad Singh, an ex-technical director of the bankrupt cryptocurrency exchange FTX, has officially pleaded guilt ...

International law enforcement agencies have conducted a joint operation in Serbia, Germany, Bulgaria, and Cyprus, resulting in the arrest of cryptocurrency scammers. The syndicate, which was run from Israel, had been targeting Australians who were lured into investing in fraudulent schemes promising ...

Ruja Ignatova, co-founder of the infamous OneCoin cryptocurrency pyramid and dubbed as the "Crypto Queen," reportedly met a gruesome end in 2018 at the hands of a drug lord, according to Bulgarian media. Ignatova and her accomplices launched the OneCoin scheme in 2014, promising investors that th ...

  The California Consumer Federation (CFC), a non-profit advocacy group, supported a bill by a member of the California Assembly to license cryptocurrency companies.. The updated bill was introduced by Timothy Grayson at the end of January. The project establishes a ...