illegal
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Regulation
Billion-Dollar Bank To Pay $20,000,000 Fine After Hitting Customers With ‘Illegal, Worthless Fees’ and Illegally Triggering Asset Seizures: CFPB
The Consumer Financial Protection Bureau (CFPB) is penalizing a US bank for predatory loan practices and illegal repossession of people’s…
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Regulation
Elon Musk claims European Commission offered X ‘secret illegal deal’ amid DSA probe
X CTO and chairman Elon Musk claimed the European Commission (EC) allegedly offered the social media platform an “illegal secret…
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Regulation
$384,000,000 To Be Handed To 191,000 Victims of Banking Giant’s Illegal Practices: Consumer Financial Protection Bureau
A US banking regulator says $384 million will soon be handed to victims of an online bank’s illegal practices. The…
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Regulation
Major US Bank Pays $13,500,000 Settlement After Facing Federal Investigation on Illegal and Discriminatory Practices
The US Justice Department and the state of North Carolina are settling with a major US bank to resolve allegations…
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Scams
$2,170,000,000 in Bitcoin (BTC) Seized by German Authorities From Alleged Illegal Movie Streamers: Report
German law enforcement authorities provisionally seized nearly 50,000 Bitcoin (BTC) worth $2.17 billion as part of an investigation into an…
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Regulation
China initiates crackdown on use of stablecoins in illegal forex trading
Chinese authorities have intensified efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading, South China Morning…
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Regulation
Hong Kong regulator blocks crypto websites over illegal token offerings and false claims
Hong Kong’s Securities and Futures Commission (SFC) has restricted access to two cryptocurrency websites, according to a Dec. 6 notice.…
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Scams
DOJ Announces Plan To Control $54,000,000 in Crypto Allegedly Obtained in Illegal Narcotics Scheme
The U.S. Department of Justice (DOJ) is announcing a plan to seize millions of dollars worth of crypto that was…
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Scams
CFTC Charges Couple for Running Illegal Crypto Pool and Commingling With Personal Funds
The Commodity Futures Trading Commission (CFTC) has filed a complaint against a Tennessee couple for allegedly defrauding over 100 people…
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Regulation
DeFi bill introduced in Senate would hold major investors responsible for illegal use
Senators Jack Reed (D-RI) and Mark Warner (D-VA) have introduced a new bill that aims to combat illicit financial activity…
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