Fake Coinbase website leads to $20M fraud, 5-year sentence
[Oct 18 5:18 PM] A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence.
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20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
[Oct 18 6:30 AM] A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency…
DOJ Charges 21-Year-Old in $37M Cyber Intrusion and Crypto Heist
[Oct 4 2:30 AM] A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement…
Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
[Sep 24 8:05 PM] On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the…
Russian Cybercriminal Extradited to US in Crypto Crime Case
[Aug 26 2:30 AM] A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in…
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
[Aug 23 11:20 AM] The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his…
Avraham Eisenberg Seeks Acquittal of Mango Markets Conviction
Eisenberg seeks to have Mango Markets fraud convictions thrown out
[Aug 7 4:30 PM] Eisenberg has insisted all along that his actions on Mango Markets were legal trading and not fraud or market manipulation.
DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam
NY Attorney charges 3 tied to 'Evolved Apes' NFT scam
[Jun 6 6:03 PM] The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60.
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
[Jun 1 8:32 PM] Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by…
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.
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…
$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US
[May 16 4:13 PM] The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they…
Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges
US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders
[Aug 22, 2023 4:30 PM] A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud…
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
[Jun 5, 2023 8:10 PM] United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.”
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
[Apr 16, 2023 1:30 AM] On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more…
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
[Apr 1, 2023 11:30 AM] According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this…
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
[Mar 28, 2023 11:30 AM] Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government…
Do Kwon faces fraud charges from US prosecutors hours after arrest
[Mar 23, 2023 4:27 PM] The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations
[Feb 28, 2023 1:36 PM] Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably…
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
[Feb 23, 2023 4:30 PM] Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly…
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case
[Feb 23, 2023 9:15 AM] Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4…
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
[Feb 17, 2023 6:30 PM] Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter…
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
[Feb 14, 2023 9:30 AM] Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US…
FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers
[Jan 28, 2023 11:30 AM] Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions…
Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed
[Jan 4, 2023 9:30 AM] On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the…
Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group
[Dec 12, 2022 11:00 PM] SBF’s last tweet before his arrest for reportedly committing wire fraud was dispelling his involvement in a group chat purportedly called “Wirefraud.”
Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest
[Dec 12, 2022 10:06 PM] US politicians, crypto execs and influencers fired up their Twitter apps upon learning that Sam Bankman-Fried was in custody in the Bahamas.