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Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns

[Sep 14 10:30 PM] Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency…

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

[Sep 6 2:30 AM] The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…

Federal agencies are missing the mark on celebrity crypto endorsements

[Aug 24 9:04 PM] It's time for a review exploring whether the rules that federal agencies impose on crypto-related speech pass constitutional muster.

Crypto influencers on notice after FTC bans fake likes and followers

[Aug 15 4:31 AM] New rules from the FTC mean crypto influencers will face stiff fines for fake followers and likes, while celebrity testimonials are also in the firing line.

FTC Warns: Social Media Investment Scams on the Rise

[Jun 29 2:16 AM] The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC…

FTC issues urgent warning over rising crypto romance scams

[Jun 11 5:29 AM] The FTC asked users to report scammers to the government and warn their loved ones about the scam.

Judge signs off on $1.65B settlement between Voyager Digital and FTC

[Nov 28, 2023 12:09 PM] The settlement between the crypto lending firm and the FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC.

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured

[Oct 16, 2023 9:30 PM] The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the…

CFTC Sues Former CEO of Crypto Lender Voyager for Fraud

[Oct 13, 2023 10:30 PM] The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns…

Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit

[Sep 12, 2023 11:30 PM] Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the…

Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges

[Jul 14, 2023 1:30 PM] Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO…

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

[Jul 13, 2023 3:30 PM] On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.”…

Alex Mashinsky Built Celsius Into a House of Cards

[Jul 13, 2023 12:29 PM]

Breaking: Celsius Network fined $4.7B by FTC

[Jul 13, 2023 8:06 AM] The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

[Feb 22, 2023 1:30 PM] According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has…

FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto

[Feb 22, 2023 12:15 PM] In an objection to Voyager’s proposed restructuring plan, the commission argued some of the involved parties should not be exempt from certain financial claims in the future.