CryptoSlate Wrapped Daily: SEC takes aim at influencers for securities fraud; SBF allegedly made political donations in others’ name

The biggest news in the cryptoverse for December 134 includes CryptoSlate’s analysis suggesting that the bottom for Bitcoin may not be in yet and Congressman Tom Emmer alleging that SEC Chairman Gary Gensler knew about FTX’s fraud. дальше »

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SEC charges eight in $100M social media securities fraud

The United States Securities and Exchange Commission (SEC) has charged eight individuals with a $100 million securities fraud scheme involving major social media platforms, Twitter and Discord. The post SEC charges eight in $100M social media securities fraud appeared first on CryptoSlate. дальше »

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Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud

United States Congressman Tom Emmer has alleged that SEC Chairman Gary Gensler knew that FTX was fraudulent, but still held meetings with the disgraced founder Sam Bankman-Fried. The post Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud appeared first on CryptoSlate. дальше »

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Bithumb owner to receive 8-year jail term for $70M fraud – local media

Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. The post Bithumb owner to receive 8-year jail term for $70M fraud – local media appeared first on CryptoSlate. дальше »

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Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate

Terraform Labs co-founder Do Kwon does his second interview since the Terra ecosystem implosion. The post Terra co-founder Do Kwon tells Laura Shin fraud charges against him are illegitimate appeared first on CryptoSlate. дальше »

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South Korea tightens circle on Do Kwon, arrests his aide

Terraform Labs founder Do Kwon‘s aide, Yoo Mo, has been arrested by South Korean officials for fraud and market manipulation. The post South Korea tightens circle on Do Kwon, arrests his aide appeared first on CryptoSlate. дальше »

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CryptoSlate Wrapped Daily: Saylor claps back at tax fraud allegations; USDT and USDC at war for market dominance

The biggest news in the cryptoverse for September 1 includes Michael Saylor disagreeing with allegations of tax avoidance, United States probing Binance over AML compliance since 2020, Celsius asking to return $210 million to creditors, and OpenSea supporting only NFTs on PoS post-merge. дальше »

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CryptoSlate Wrapped Daily: Bitcoin maximalist Saylor getting sued for tax fraud, volatility expected ahead of Ethereum’s Merge

The biggest news in the cryptoverse for August 31 includes  US Congress asking 5 crypto exchanges to explain how they are combatting crypto fraud, Michael Saylor getting sued for tax fraud in Washington, and Christopher Hamilton being extradited to the United States for trial on OneCoin Scam. дальше »

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Michael Saylor, MicroStrategy getting sued for tax fraud in Washington

Washington DC Attorney General Karl Racine has revealed that the district is suing Michael Saylor and his company MicroStrategy for tax fraud. The post Michael Saylor, MicroStrategy getting sued for tax fraud in Washington appeared first on CryptoSlate. дальше »

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UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam

A Briton Christopher Hamilton will be extradited to the United States to face money laundering and wired fraud charges after being indicted in the $ 4 billion OneCoin scam, according to Law360. The post UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam appeared first on CryptoSlate. дальше »

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US Congress sends 5 major crypto exchanges letter inquiring how they are combatting crypto fraud

Five prominent cryptocurrency exchanges in the United States received letters from Congress requesting information about their steps to combat crypto fraud. The post US Congress sends 5 major crypto exchanges letter inquiring how they are combatting crypto fraud appeared first on CryptoSlate. дальше »

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Ex-Coinbase Manager pleads not guilty to insider trading charges

Ex-Coinbase Product Manager Ishan Wahi has pleaded not guilty to fraud charges leveled against him by the United States Department of Justice before a Manhattan federal court on August 3. The post Ex-Coinbase Manager pleads not guilty to insider trading charges appeared first on CryptoSlate. дальше »

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Okcoin warn of ‘elder fraud’ following recovery of $1M in stolen crypto

In a recent blog post, San Francisco-based crypto exchange Okcoin warned about “elder fraud,” adding that the elderly are the highest risk group affected by online scams. The post Okcoin warn of ‘elder fraud’ following recovery of $1M in stolen crypto appeared first on CryptoSlate. дальше »

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Ex-Coinbase manager arrested in insider trading case for leaking asset listing details

The United States Department of Justice on July 21 arrested former Coinbase product manager Ishan Wahi, and his brother Nikhil Wahi, and charged Sameer Ramani with alleged wire fraud. The post Ex-Coinbase manager arrested in insider trading case for leaking asset listing details appeared first on CryptoSlate. дальше »

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US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million

The United States Department of Justice (DoJ) has indicted six people allegedly involved in different crypto crimes, including NFTs, that siphoned $135 million from unsuspecting investors. The post US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million appeared first on CryptoSlate. дальше »

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CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin

The Commodity Futures Trading Commission (CFTC) has charged Cornelius Johannes Steynberg and his company Mirror Trading International (MTI), with fraud and registration violations. The post CFTC charges Mirror Trading International with alleged fraud of $1. дальше »

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Metaverse-related phishing attacks become the newest form of high-tech fraud

Cybercriminals have changed tactics and are now targeting metaverse investors with phishing attacks. The post Metaverse-related phishing attacks become the newest form of high-tech fraud appeared first on CryptoSlate. дальше »

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SEC Commissioner pushes back against the recruitment of more ‘crypto cops’

The Securities and Exchange Commission (SEC) is set to hire 20 additional staffers to investigate crypto fraud. The post SEC Commissioner pushes back against the recruitment of more ‘crypto cops’ appeared first on CryptoSlate. дальше »

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Safemoon is down 96.5% down from all-time high after Coffeezilla’s recent fraud allegations

The price of Safemoon dropped over 45% in value within 24 hours and is now down over 96% from its all-time high. The post Safemoon is down 96.5% down from all-time high after Coffeezilla’s recent fraud allegations appeared first on CryptoSlate. дальше »

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Former SafeMoon CTO ‘Papa’ responds to fraud allegations

YouTuber Coffeezilla, AKA Stephen Findeisen, has been exposing SafeMoon in a series of videos that allege fraudulent practices at the organization. The post Former SafeMoon CTO ‘Papa’ responds to fraud allegations appeared first on CryptoSlate. дальше »

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SafeMoon embroiled in further scandal as promoter accused of $12 million fraud

SafeMoon is caught up in further controversy as YouTuber Stephen Findeisen, AKA Coffeezilla makes pump and dump allegations against its former chief marketing officer. The post SafeMoon embroiled in further scandal as promoter accused of $12 million fraud appeared first on CryptoSlate. дальше »

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Friendly fraud warning as resurgent travel businesses explore new crypto horizons

Few industries are as competitive as international travel.

The post Friendly fraud warning as resurgent travel businesses explore new crypto horizons appeared first on CryptoSlate.

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U.K. tax officials seem to believe they seized their first-ever NFTs

HM Revenue and Customs (HMRC), the United Kingdom’s tax department, seized three NFTs as part of an investigation into potential tax fraud. The post U.K. tax officials seem to believe they seized their first-ever NFTs appeared first on CryptoSlate. дальше »

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6 things to do if you encounter a crypto scam or fraud

Crypto scams are becoming increasingly hard to spot.

The post 6 things to do if you encounter a crypto scam or fraud appeared first on CryptoSlate.

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US agency FBI gives tips on dealing with the rise in crypto ATM fraud

U.S law enforcement agency the FBI has posted a warning about a new type of crypto scam that’s gaining popularity. The post US agency FBI gives tips on dealing with the rise in crypto ATM fraud appeared first on CryptoSlate. дальше »

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Crypto fraud in U.K. leads to $200 million losses in 2021, authorities say

This year has been one of the best years in the crypto world with the level of growth and adoption the industry has been able to achieve. The post Crypto fraud in U.K. leads to $200 million losses in 2021, authorities say appeared first on CryptoSlate. дальше »

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El Salvador’s Chivo Bitcoin (BTC) wallet is rife with identity fraud

According to El Mundo, identity thieves have targetted the Chivo wallet leading to further doubts around Bitcoin adoption in El Salvador. The post El Salvador’s Chivo Bitcoin (BTC) wallet is rife with identity fraud appeared first on CryptoSlate. дальше »

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Hey, hey, hey: SEC sues BitConnect over alleged $2 billion fraud

The United States Securities and Exchange Commission announced today that it has filed an action against BitConnect, its founder, and its top US promoter. The post Hey, hey, hey: SEC sues BitConnect over alleged $2 billion fraud appeared first on CryptoSlate. дальше »

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1,100 people arrested in China over alleged crypto fraud

Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement. The post 1,100 people arrested in China over alleged crypto fraud appeared first on CryptoSlate. дальше »

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U.S. feds bust Instagram star for promoting Bitcoin scams

Federal prosecutors in Brooklyn bust one ‘Jay Manzini’ yesterday on charges of perpetuating a wire fraud using Bitcoin, city outlet Daily News said this morning. The post U.S. feds bust Instagram star for promoting Bitcoin scams appeared first on CryptoSlate. дальше »

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Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case

Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on […] The post Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case appeared first on CryptoSlate. дальше »

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As crypto lending app Cred suspends withdrawals, Uphold terminates its contract

Crypto lending app Cred purged its services earlier this week amidst allegations of fraud coming to light. The post As crypto lending app Cred suspends withdrawals, Uphold terminates its contract appeared first on CryptoSlate. дальше »

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How Chainlink’s newest partnership will combat a global $19 billion fraud

Decentralized video platform Theta Labs is collaborating with smart contract giant Chainlink to fight the estimated $19 billion global issue of online video ad fraud, according to a release shared with CryptoSlate. дальше »

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Aglive launches farm-to-consumer blockchain-based app to tackle food fraud

Aglive, an Australian product traceability platform, has launched a blockchain-based mobile app that will allow consumers to see the source and journey of the products they consume. The post Aglive launches farm-to-consumer blockchain-based app to tackle food fraud appeared first on CryptoSlate. дальше »

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Rolls-Royce, Gucci-flaunting scammers caught after FBI analyzes Bitcoin trail

Two Nigerian scammers were held last week after hatching an elaborate fraud to steal “$435 million around the world” using illicit emails, luxury brand showoffs, and Bitcoin. The post Rolls-Royce, Gucci-flaunting scammers caught after FBI analyzes Bitcoin trail appeared first on CryptoSlate. дальше »

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Tether and Bitfinex face new fraud lawsuit in Washington state, second in months

A fresh class action lawsuit has been filed against Bitfinex and its sister company Tether Limited, the company behind the controversial but market-leading USD-pegged stablecoin, USDT. Tether has issued a response categorically rejecting wrongdoing and has dismissed the latest complaint as “absurd and groundless. дальше »

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BitMEX Research and Charlie Lee denounce Craig Wright speaking at conference as Satoshi

BitMEX Research, the research arm of Bitcoin derivatives giant BitMEX, has published a tweet thread encapsulating the most prominent court rulings and accusations of fraud leveled at Craig Wright, days before the controversial figure is scheduled to address a tech conference speaking as Satoshi Nakamoto. дальше »

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OpenLibra announcement overshadowed by core team member’s questionable past

The launch of OpenLibra, a permissionless and open-source fork of Facebook‘s cryptocurrency, was overshadowed by fraud accusations toward one of the core team members. Crypto startup Wireline casts shadow on OpenLibra launch This year’s Devcon served as a springboard for news in the crypto industry, including the launch of OpenLibra. дальше »

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Craig Wright may face class-action lawsuit for forgery and fraud

After losing the Kleiman case, Craig Wright could face another major lawsuit. British podcaster Peter McCormack said he was considering a class-action lawsuit against Wright, Calvin Ayre, and Jimmy Nguyen for falsely claiming that Wright is Satoshi and that Bitcoin SV is “Satoshi’s vision. дальше »

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Bitfinex must face New York attorney general in fraud lawsuit, says judge

A New York judge ruled Bitfinex must face the fraud suit and impending investigation set against it in April by New York attorney general Letitia James, denying the company’s request for the case to be dismissed due to lack of jurisdiction, Bloomberg reported. дальше »

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Veritaseum ICO issuers facing SEC legal action for alleged fraud, VERI drops 60%

The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud. The Commission filed an emergency legal action against the owner of Veritaseum, Reggie Middleton, whose ICO raised almost $15 million—obliterating the price of VERI. дальше »

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Court rules in favor of Roger Ver in Craig Wright’s Satoshi Nakamoto defamation lawsuit

Bitcoin SV creator Craig Wright claimed that he created Bitcoin as Satoshi Nakamoto—Bitcoin Cash founder Roger Ver called him a fraud. The two took the matter to court, and today, England’s high court ruled in favor of Ver. дальше »

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Court rules for Roger Ver in Craig Wright’s Satoshi defamation lawsuit

Bitcoin SV creator Craig Wright claimed that he created Bitcoin as Satoshi Nakamoto—Bitcoin Cash founder Roger Ver called him a fraud. The two took the matter to court, and today, England’s high court ruled in favor of Ver. дальше »

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Ethereum co-founder Joseph Lubin taken to court for $13 million for failed ConsenSys spinout Token Foundry

ConsenSys founder and Ethereum co-founder Joseph Lubin was summoned to court in a $13 million lawsuit connected to failed ConsenSys spinout Token Foundry. Charges levied against Lubin by the startup’s former CEO, Harrison Hines, include fraud, unjust enrichment, and breach of contract. дальше »

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Craig Wright’s misinformed attempt at scaling Bitcoin, BSV frivolously increasing block size to 2GB

In Craig Wright’s latest marketing attempt, Bitcoin SV will increase its block size cap from 128MB to 2GB. The upgrade will make BSV less secure, more centralized, and more costly for infrastructure providers to maintain—adding additional fuel to the already raging dumpster fire of a project. дальше »

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QuadrigaCX CEO traded and lost over 21,000 Bitcoin in customer deposits

Ernst & Young revealed that QuadrigaCX, a failed Canadian crypto exchange that lost almost $190 million of its users funds, may have committed fraud. Auditors found that the exchange’s late founder and CEO transferred user funds off QuadrigaCX and used them for margin trading on other exchanges, losing millions. дальше »

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Self-proclaimed Bitcoin creator Craig Wright committed fraud according to Florida court documents

Craig Wright, the controversial creator of Bitcoin SV claiming to be Satoshi Nakamoto, could be facing jail time for fraud. Documents from a Florida court proved that Wright committed perjury, as his defense contradicts an affidavit he previously submitted to an Australian court. дальше »

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Nevada Bitcoin broker on LocalBitcoins sentenced to 2 years in prison

Morgan Rockcoons, a Nevadan man accused of wire fraud and operating an unlicensed Bitcoin exchange for using LocalBitcoins, was sentenced to nearly two years in prison. According to a government press release, Rockcoons will also have to forfeit $80,600 in illicit profits. дальше »

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Roger Ver strikes back at Craig Wright for libel suit

The increasingly litigious Craig Wright sued Bitcoin Cash figurehead, and former business partner, Roger Ver for libel after being called a “fraud and a liar. ” Ver responded to the lawsuit by seemingly debunking Wright’s claim that he controlled several high-profile Bitcoin addresses, which would have suggested that Wright is Satoshi Nakamoto. дальше »

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OneCoin sued by former investor over multi-billion dollar fraud

OneCoin, a controversial cryptocurrency issuer accused of running a $4 billion pyramid scheme, has been sued by a former investor over her losses. A request was also made for class-action status to be granted for the suit to include other plaintiffs who say they were scammed. дальше »

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