Hong Kong court rules for investors in JPEX cryptocurrency fraud case
[Oct 30 5:07 PM] This was the first case against JPEX, which operated in Hong Kong without a license.
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FBI Arrests Alabama Man in Connection With SEC X Account Hack That Spiked Bitcoin Prices
[Oct 17 4:17 PM] A man from Athens, Alabama, was arrested Thursday for his role in the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. The hack led to a false announcement regarding bitcoin exchange-traded funds (ETFs), temporarily…
Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes
[Sep 15 4:11 PM] An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency…
FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors
[Sep 14 1:45 PM] Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different…
FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams
[Sep 9 10:20 PM] The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses…
SEC charges siblings over $60M Ponzi touting a crypto trading bot
[Aug 27 1:54 AM] The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
HK police arrest 4, including teen, in HK$11M crypto fraud
[Jul 28 6:59 AM] The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.
Former banker sentenced to 41 months for crypto fraud
[May 30 3:56 PM] Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards.
AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals Report
[May 30 5:49 AM] A new report by Signicat, the European digital identity and fraud prevention solutions provider, reveals that artificial intelligence (AI) is used in over a third of fraud attempts targeting financial institutions, with one in fifteen fraud…
Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam
[May 25 7:22 PM] An Indian national has pleaded guilty in the U.S. to wire fraud conspiracy for stealing over $37 million by spoofing crypto exchange Coinbase’s website. He and his co-conspirators created a fake Coinbase Pro site to steal login credentials…
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
[May 22 11:15 AM] Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient…
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
[Feb 17, 2023 11:00 AM] Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the…
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
[Jan 4, 2023 12:30 PM] According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine…
Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request
[Dec 17, 2022 4:00 PM] Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox…