9 / 13 Relevant items tagged with #fraud

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FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

[Jun 24, 2023 4:30 AM] According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege…

CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

[Jun 23, 2023 2:17 AM] The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds.

FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

[Jun 22, 2023 5:30 PM] After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges.

Crypto Sites Are Naming Fake Dispute Resolution Organizations: Canada’s Securities Regulator

[Jun 21, 2023 3:22 AM] Most organizations the regulator mentions have little or no online presence and, with one exception, aren’t working with any major crypto platforms.

US Judge Considers if Crashed Coins of Terraform Labs Were Securities

[Jun 16, 2023 3:30 PM] A judge in the United States considered on Thursday whether the cryptocurrencies created by Terraform Labs were securities. The failed blockchain firm and its founder, Do Kwon, have asked the court to dismiss a case filed by the U.S. Securities and…

Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey

[Jun 14, 2023 4:30 AM] The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in…

SBF seeks to sever new charges from trial, says proceedings may take ‘years’

[Jun 13, 2023 2:16 PM] The U.S. cannot try Sam Bankman-Fried for the charges until a lengthy appeals process in the Bahamas has been exhausted, defense attorneys stated.

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says

[Jun 13, 2023 12:23 AM] The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud.

US Justice Department charges two men in Mt. Gox hack

[Jun 9, 2023 2:30 PM] The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt. Gox server and stole 647,000 Bitcoin from the exchange.

Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says

[Jun 8, 2023 2:30 PM] Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly…

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

[Jun 8, 2023 6:30 AM] The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.

Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model

[Jun 6, 2023 11:14 PM] The senators weren’t happy with the “seemingly minimal” protections to fight against fraud and cybercrime in Meta’s AI model.

SBF upset by criminal trial's late evidence while FTX seeks sale of AI stock

[Jun 6, 2023 10:47 PM] Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers.

Gate.io denies liquidity problems after Multichain CEO goes missing

[May 31, 2023 3:58 PM] Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations.

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

[May 31, 2023 3:15 PM] The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.

Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

[May 30, 2023 2:00 PM] The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped.

‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

[May 16, 2023 9:41 AM] Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.

Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions

[May 15, 2023 12:30 PM] Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and…

Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar  

[May 13, 2023 10:00 AM] EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of…

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…

OKX just sent $60M in USDT, MASK token to Alameda Research

[May 9, 2023 11:30 AM] The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange.

FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition

[May 9, 2023 7:30 AM] Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian…

Ukraine, US Shut Down 9 Cryptocurrency Exchanges

[May 4, 2023 1:30 AM] Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various…

State regulators crack down on fraudulent cryptos promoted as 'Elon Musk AI Token' and 'TruthGPT Coin'

[May 3, 2023 3:05 PM] According to the cease and desist order, investors are being given the impression that Elon Musk endorses "TruthGPT Coin."

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

[May 3, 2023 6:00 AM] Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.

UK Set to Ban Cold Calls Selling Financial Products, Including Crypto

[May 3, 2023 3:26 AM] The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges

[Apr 26, 2023 11:03 AM] The U.S. Department of Justice last year charged three members of a Miami crew for participating in a crypto-related scheme from 2020.

South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

[Apr 24, 2023 11:30 AM] Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a…

Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

[Apr 22, 2023 12:02 AM] Kwon's lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA).