fraud
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Scams
Disgraced FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison After Fraud Conviction
A US judge has sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison after the former crypto tycoon…
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Scams
$4,100,000 Crypto Fraud Scheme Promising Large Returns Busted in South Korea: Report
South Korean police have detained two individuals for allegedly running a fraudulent crypto-based scam. According to the South Korean news…
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Scams
JPMorgan Chase, Bank of America and Six Financial Giants Pay $70,000,000 Settlement Over Allegations of ‘Widespread Fraud and Collusion’
Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank…
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Regulation
Coinbase Executives Meet With SEC To Discuss Ethereum ETF, Argue ETH Spot Market Shows Resilience to Fraud
Coinbase executives are meeting with the U.S. Securities and Exchange Commission (SEC) to support the approval of a spot market…
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Scams
FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and…
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Scams
FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations
Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to…
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Regulation
New York Attorney General Triples the Size of Genesis and Digital Currency Group’s Alleged Fraud in New Amended Complaint
In a newly amended complaint, New York State Attorney General (AG) Letitia James alleges that investment giant Digital Currency Group…
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Scams
Coin Center Director of Research raises alarm over identity fraud via AI
Coin Center’s Director of Research, Peter Van Valkenburgh, has issued a stark warning regarding the escalating threat posed by artificial…
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Regulation
SEC Charges Founder of Online Crypto Course for Running $1,200,000 Fraud Scheme Targeting Students
The U.S. Securities and Exchange Commission (SEC) is taking legal action against Brian Sewell and his company Rockwell Capital Management…
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Scams
US Banking Giant Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General
New York is suing one of America’s biggest banks for allegedly implementing weak security measures, deceiving customers about their rights…
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