Cryptocoins News / Finance Magnates - 2 months ago
Bankrupt crypto lender Genesis Global Holdco LLC has settled the fraud charges brought against it by the New York Attorney General, Letitia James, through its now-terminated Gemini Earn program. According to the Bloomberg report, the settlement ensur...
Cryptocoins News / Finance Magnates - 2 months ago
Thailand's Securities and Exchange Commission (SEC) has leveled accusations of
corruption and deception against Akarlap Yimwilai, the former CEO of Zipmex
Thailand, according to an official statement released on Thursday.Irregularities in Customer As...
Cryptocoins News / Blockchain - 2 months ago
The CEO of cryptocurrency exchange Bitsonic has been sentenced to 7 years for inflating trading volumes and embezzling $8.4M, marking a significant legal action against crypto fraud. (Read More)
Bitcoin News / Google News Bitcoin - 2 months ago
DOJ: Austin man charged with tax fraud after buying home with allegedly unreported crypto profits& & KXAN.com
Bitcoin News / Bitcoinist - 2 months ago
In a blow to the South Korean cryptocurrency industry, the CEO of major exchange Bitsonic, Jinwook Shin, has been sentenced to seven years in prison for operating a sophisticated fraudulent scheme totaling 10 billion won, approximately $7.6 million....
Cryptocoins News / Blockchain - 2 months ago
A Hong Kong finance employee was deceived into transferring $25.6 million using deepfake technology, highlighting the growing cybersecurity threat of such scams. (Read More)
by COINS NEWS - 2 months ago
Original link: https://www.digitalasset.works/news/articleView.html?idxno=5982 HARU INVEST CEO HUGO LEE ARRESTED TODAY WITH CHARGES OF MASSIVE FRAUD FOR $753M by South Korean prosecutors —————————————————— Three people, including the CEO of Haru Inve...
Cryptocoins News / Blockchain - 2 months 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 - 2 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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 - 3 months 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)