6 / 13 Relevant items tagged with #fraud

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Sam Bankman-Fried Deserves a Life After Prison

[Mar 28, 2024 10:49 AM] He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.

Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg

[Mar 20, 2024 10:32 AM] Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.

Craig Wright Was Finally Called Out in Court and Hodlonaut Is Celebrating

[Mar 14, 2024 2:43 PM] “It hasn't always been easy, but I'm very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto.

Montenegro Court Halts Extradition of Terra’s Do Kwon to the US

[Mar 5, 2024 12:30 PM] In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20…

Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations

[Mar 1, 2024 1:00 AM] Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last…

DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'

[Feb 21, 2024 4:48 PM] Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG's array of digital assets businesses.

Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War

[Feb 21, 2024 12:30 PM] In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after…

Nexo Partners With Sift for Enhanced Digital Asset Fraud Protection

[Feb 15, 2024 11:30 AM] The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which…

Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police

[Feb 5, 2024 4:00 PM] Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice…

Time to End Craig Wright’s Harassment Campaign Against Bitcoin Devs

[Jan 31, 2024 12:16 PM] Craig Wright has repeatedly litigated anyone questioning his claim to be Satoshi, harming numerous people in crypto in the process. The Crypto Open Patent Alliance aims to put a stop to this as its case comes to court Feb. 5.

When Is a Ponzi a Ponzi?

[Jan 30, 2024 1:21 PM] U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.

Security engineer pleads guilty to Nirvana Finance exploit and one other hack

[Dec 14, 2023 2:30 PM] Shakeeb Ahmed was arrested for hacking an unspecified DEX, then admitted to Nirvava Finance hack too.

IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX

[Dec 11, 2023 10:05 PM] FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.

DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’

[Dec 5, 2023 9:34 PM] The SEC initially misled a court to freeze DEBT Box’s assets, which has since been reversed, and the firm cited the incident as grounds to dismiss the suit.

Estonian court nixes extradition of accused crypto scammers to US

[Nov 29, 2023 2:20 PM] Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.

KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits

[Nov 22, 2023 6:15 AM] The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.

BNB pops after report that DOJ wants $4B settlement with Binance

[Nov 20, 2023 10:20 PM] BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange.

Mastercard combats crypto fraud with latest AI integration

[Nov 20, 2023 7:29 AM] Mastercard announced it will integrate a new AI tool to detect and prevent fraud routed through cryptocurrency exchanges.

We've Seen the FTX Collapse Before

[Nov 10, 2023 4:09 PM]

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

[Nov 9, 2023 3:33 AM] Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud.

5 nations challenge crypto experts and investigators to target tax crimes

[Nov 3, 2023 3:27 AM] The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network.

What’s next for the ‘crypto king’ Sam Bankman-Fried?

[Nov 2, 2023 11:00 PM] The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."

SafeMoon executive team charged with multiple fraud counts, arrests made

[Nov 1, 2023 11:28 AM] According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.

CFTC pays whistleblowers $16M this year for mostly crypto tips

[Oct 31, 2023 5:31 PM] Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator.

Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

[Oct 31, 2023 5:22 AM] Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs.

Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

[Oct 30, 2023 8:56 PM] Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.

Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

[Oct 30, 2023 1:24 PM] Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.

Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

[Oct 27, 2023 2:29 PM] Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims.

Sam Bankman-Fried denies defrauding FTX users at trial

[Oct 27, 2023 10:24 AM] As the final witness in his defense case, the former FTX CEO placed some of the blame for the crypto exchange’s failure on Gary Wang and Nishad Singh.

Unraveling the Dark Side of Crypto

[Oct 20, 2023 9:07 AM]