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SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina
20.9.2022
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation...
Brother of former Coinbase employee pleads guilty to charges related to insider trading: Report
12.9.2022
Nikhil Wahi and his brother Ishan were arrested and charged in July, while their associate Sameer Ramani remained at large at the time of publication
First Guilty Plea in Coinbase-Related Insider Trading Charges
12.9.2022
The brother of a former Coinbase executive, Nikhil Wahi in late July was arrested for trading on confidential information
Latvian Extradited to US for Wire Fraud Involving Crypto Investments
28.8.2022
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities...
Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges
18.8.2022
The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others....
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Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence
14.8.2022
Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading...
Alleged BTC-e Operator Alexander Vinnik in US Custody After Immediate Extradition From Greece
6.8.2022
Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition, after his return from France, despite Vinnik’s defense protesting the move and calling...
Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges
4.8.2022
In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges.
The defense is based on the assumption that cryptoassets are not securities or commodities,...
SEC Charges 11 People over USD 300M Crypto 'Pyramid Scheme'
2.8.2022
The US Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto pyramid and Ponzi scheme that raised over USD 300m from millions of investors worldwide, including in the United States....
Read More: SEC Charges 11 People over USD 300M Crypto 'Pyramid...
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
2.8.2022
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
2.8.2022
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...
SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges
1.8.2022
The U.S. Securities and Exchange Commission (SEC) charged 11 people tied to the alleged $300 million crypto Ponzi scheme Forsage with fraud on Monday
Square Enix Botches New Manga Service With Sex Censorship, Extra Charges
28.7.2022
Yesterday, Square Enix launched the English version of its new online manga service, Manga Up!. But within 24 hours of its release, users have voiced outrage over the app’s aggressive censorship bars and monetization practices.Read more
SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities
22.7.2022
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says...
Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges
21.7.2022
The U.S. Department of Justice arrested former Coinbase product manager Ishan Wahi and charged two others on charges of insider trading
US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin
2.7.2022
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC...
CFTC Charges South African Bitcoin Club MTI in $1.7B Fraud
30.6.2022
MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said
Bitcoin Lightning Network Capacity charges through 4,000 BTC
10.6.2022
The layer-2 technology built on Bitcoin now has 4,000 Bitcoin or $120 million locked up allowing for near-instant payments around the world
Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts
5.6.2022
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely...
South Africa Charges Former Monero Lead Developer With 378 Counts of Fraud and Forgery
3.6.2022
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. Fluffypony Pleads Not Guilty The so-called crypto mogul...