fraud Archives

CFTC lodges complaint against 4 individuals for defrauding investors

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18 August, 2023

CFTC lodges complaint against 4 individuals for defrauding investors

CFTC has filed a complaint against four individuals for defrauding investors by falsely claiming to possess a proprietary trading tool...

Digital assets pose ‘novel and complex risks’ to US banking system, FDIC says

Business

Jordan Atkins

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16 August, 2023

Digital assets pose ‘novel and complex risks’ to US banking system, FDIC says

The FDIC’s annual Risk Review for 2023 is the first to be published since the banking chaos of March 2023,...

Sam Bankman-Fried takes his prison pills, Ryan Salame takes the fifth

Business

Steven Stradbrooke

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15 August, 2023

Sam Bankman-Fried takes his prison pills, Ryan Salame takes the fifth

The U.S. prosecutors filed another superseding indictment accusing SBF of stealing “billions of dollars” from FTX customers while Salame invoked...

South Korean prosecutors to use XRP ruling in Do Kwon’s securities fraud case

Business

Wahid Pessarlay

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13 August, 2023

South Korean prosecutors to use XRP ruling in Do Kwon’s securities fraud case

Prosecutors in South Korea plans to leverage the recent XRP ruling against Terraform Labs CEO Do Kwon's alleged securities fraud...

FTX’s Sam Bankman-Fried headed to jail for violating bail conditions

Business

Steven Stradbrooke

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12 August, 2023

FTX’s Sam Bankman-Fried headed to jail for violating bail conditions

The disgraced founder of the collapsed FTX digital asset exchange, is heading to jail for violating the terms of his...

HEX is dead—will it go down as the largest Ponzi scheme in digital currency history?

Business

Gavin Lucas

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8 August, 2023

HEX is dead—will it go down as the largest Ponzi scheme in digital currency history?

Richard Heart is getting a taste of justice as he faces charges tied to alleged sham offerings—actions that have been...

Quantstamp settles with SEC over fraudulent $28 million ICO

Business

Steve Kaaru

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5 August, 2023

Quantstamp settles with SEC over fraudulent $28 million ICO

Quantstamp promised investors a smart contract auditing platform, but the SEC says it violated securities laws in its 2017 ICO...

Kenya is losing millions of dollars to digital currency fraudsters: report

Business

Steve Kaaru

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2 August, 2023

Kenya is losing millions of dollars to digital currency fraudsters: report

While the government focuses on taxing digital asset traders, investors lose millions of dollars to digital currency Ponzi schemes executed...

SEC charges HEX founder Richard Heart with fraud

Business

Steven Stradbrooke

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1 August, 2023

SEC charges HEX founder Richard Heart with fraud

Hex founder Richard Heart faces fraud charges relating to his Hex entities offering unregistered securities and over ill-gotten wealth that...

Sam Bankman-Fried risks pre-trial custody as judge losing patience

Business

Steven Stradbrooke

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28 July, 2023

Sam Bankman-Fried risks pre-trial custody as judge losing patience

SBF was in Manhattan on July 26 trying to convince U.S. District Court Judge Lewis Kaplan not to tighten his...

War on cryptocurrency crimes continues: DOJ merges teams to intensify crackdowns

Business

Gavin Lucas

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27 July, 2023

War on cryptocurrency crimes continues: DOJ merges teams to intensify crackdowns

The U.S. Department of Justice’s move with the CCIPS and NCET is set to double the number of criminal division...

Celsius Network victims could see funds before end of 2023: WSJ

Business

Gavin Lucas

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25 July, 2023

Celsius Network victims could see funds before end of 2023: WSJ

Approval for the settlements will see court on August 10, paving the way for 30K claims worth $78 billion to...

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