Cryptocoins News / Blockchain - 1 month ago
Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea for charges of financial fraud in the crypto industry, marking a significant international effort to combat digital asset fraud. (Read More)
Bitcoin News / Bitcoinist - 1 month ago
In a recent report by The Guardian, it has been revealed that Sam Lee, an Australian blockchain entrepreneur facing charges of conspiracy to commit fraud in the US for his alleged involvement in a $1.89 billion crypto “Ponzi scheme,” has...
Bitcoin News / Bitcoin.com - 1 month ago
A Denver pastor, accused of crypto-fraud, has been spotted in the Zambian capital just days after he reportedly failed to appear in court. The pastor, Eligio Regalado, said about half of the misappropriated $1.3 million went to the IRS.
Denver Pasto...
Bitcoin News / Bitcoin.com - 1 month ago
The U.S. Securities and Exchange Commission (SEC) has charged the founder of American Bitcoin Academy, accusing him of running an online fraudulent crypto scheme that cost students $1.2 million. The defendant “falsely claimed that his investmen...
Cryptocoins News / Finance Magnates - 1 month ago
The Founder of the American Bitcoin Academy is
facing scrutiny from the Securities and Exchange Commission (SEC) over
allegations of fraud targeting his students.Based in Hurricane, Utah, and later Puerto Rico, Brian Sewell enticed hundreds of studen...
by COINS NEWS - 1 month ago
I've noticed a huge increase in hacking, exploits, fraud related posts in this sub-reddit and this alone tells a lot about the crypto industry landscape. With the growing rumors of incoming bull-market, security incidents have also increased eno...
Cryptocoins News / Finance Magnates - 1 month ago
The US federal prosecutors charged three individuals last month for their involvement in a $400 million hack of crypto exchange FTX using the SIM-swap technique. Although the court documents filed on January 24 named the crypto exchange "Victim Compa...
Bitcoin News / Bitcoin.com - 1 month ago
The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 1...
Bitcoin News / Bitcoin.com - 1 month ago
On Jan. 30, a South Korean court continued with the trial of a prosecutor who is accused of passing sensitive information on the progress of an investigation to an alleged virtual asset investment fraudster. According to the Gwangju District Prosecut...
Bitcoin News / Bitcoin.com - 1 month ago
A British citizen recently went on trial in the U.K. for laundering bitcoins on behalf of a fugitive Chinese fraudster, Yadi Zhang. Prosecutors insist that Jian Wen was aware that Zhang’s bitcoins were acquired using stolen funds. However, Wen...
Bitcoin News / Bitcoin.com - 1 month ago
The SEC alongside the DOJ, has levied serious charges against key figures in a $1.9 billion cryptocurrency fraud scheme involving Hyperfund.
SEC and DOJ Crack Down on $1.9 Billion Hyperfund Crypto Fraud
The U.S. Securities and Exchange Commission (SE...
Cryptocoins News / Blockchain - 1 month ago
Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification. (Read More)
Bitcoin News / Bitcoinist - 1 month ago
In a trial at London’s Southwark Crown Court, prosecutors accused a woman of converting Bitcoin into cash and property as part of an alleged money laundering scheme connected to a massive $6.3 billion fraud in China.
Bitcoin Laundering Scheme...
Bitcoin News / Bitcoinist - 1 month ago
In a significant development, the Department of Justice (DOJ) recently announced criminal charges against two individuals. It secured a guilty plea from a third person involved in a global crypto Ponzi fraud scheme known as HyperFund, among other ali...
Bitcoin News / Bitcoinist - 1 month ago
Steven Nerayoff, an early advisor to Ethereum, has provided an update regarding his much-anticipated lawsuit against the co-founders Vitalik Buterin, Joseph Lubin, and the Ethereum Foundation. The lawsuit, rooted in allegations of corruption and frau...