SBF’s expert witnesses might cost $1,200 per hour

Sam Bankman-Fried, FTX's embattled founder, is reportedly planning to hire seven expert witnesses for his upcoming fraud trial at rates up to $1,200 per hour. дальше »

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SBF Mulls Paying Expert Witnesses $1,200 Per Hour

SBF is considering using seven expert witnesses in his upcoming fraud trial, with US federal prosecutors aiming to block their testimonies. The post SBF Mulls Paying Expert Witnesses $1,200 Per Hour appeared first on BeInCrypto. дальше »

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FTX Co-Founder’s Trial To Feature High-Priced Expert Witnesses Earning $1,200 An Hour

Per a Bloomberg Law report, in an upcoming fraud trial scheduled for October, FTX co-founder Sam Bankman-Fried is preparing to call seven expert witnesses, potentially paying them up to $1,200 an hour, to testify on his behalf. дальше »

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Green Bay Police Report Record Levels of Crypto Fraud Just Days After FTC Advisory

The police in a Midwestern city report that citizens have lost more than a quarter of a million dollars to crypto scams since 2020. The post Green Bay Police Report Record Levels of Crypto Fraud Just Days After FTC Advisory appeared first on BeInCrypto. дальше »

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DOJ calls SBF’s fraud allegation defense ‘irrelevant,’ requests additional info

The U.S. Department of Justice has issued a new court filing in its case against Sam Bankman-Fried in which it calls his planned defense “irrelevant” without additional details. дальше »

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‘Hundreds of Thousands’ Forced to Commit Crypto and Other Fraud, UN Report Says

The UN reports that Southeast Asia is seeing an increase in crypto scams, with trafficked individuals and vulnerable migrants being coerced into operating these scams, often under inhumane conditions. дальше »

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FTC Issues New Warning About the Prevalance of Crypto Fraud

The FTC issues a stern new warning on cryptocurrency scams.

The post FTC Issues New Warning About the Prevalance of Crypto Fraud appeared first on BeInCrypto.

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Crypto Scammers Exploit Verified Twitter Accounts, Fueling Fraud Concerns

The fraud accounts are especially targeting the crypto investors, per the analyst. ZachXBT added, "I think most of X team probably does not realize bc scammers mainly focus on crypto twitter niche. дальше »

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Cryptocurrency Fraud Makes Headlines in Canada as Digital Asset Ownership Declines

More examples of crypto fraud may be putting Canadians off digital assets. The post Cryptocurrency Fraud Makes Headlines in Canada as Digital Asset Ownership Declines appeared first on BeInCrypto. дальше »

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UK may ban crypto investment cold calls

The UK government has proposed banning unsolicited cold calls for all consumer financial products and services, including cryptocurrencies. HM Treasury released a consultation document this week. The ban aims to protect consumers from investment fraud, which has surged as criminals… дальше »

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Israeli police links local businessman to $290 million crypto scam

Israeli police are accusing Moshe Hogeg of fraud and allege that he was involved in a $290 million crypto scam. They now want state prosecutors to charge him дальше »

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UK treasury eyes cold calling ban impacting crypto industry

U. K. regulators want to ban cold calls for consumer financial services, and the crypto sector will likely be one of the affected industries. This is part of the U. K. Treasury Fraud Strategy introduced in May to curb fraudulent activities in the country. дальше »

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Crypto Fraud: Former Corrections Officer Charged In Blazar Token Scam

A crypto fraud scheme has come to light, implicating John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, in a complex web of deceit that specifically targeted police officers and first responders. дальше »

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Israel police goes after business magnate for $290 mln crypto scam

Hogeg raised these funds across the world during 2017-18 under the guise of funding four crypto ventures. Police charged him with fraud, money laundering, tax violations, and sexual offences. дальше »

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Betrayal In Blue: Former NJ Officer Charged With Crypto Fraud

In a major development, the US Securities and Exchange Commission (SEC) has charged former New Jersey State Correctional Police Officer, John A. DeSalvo, for allegedly orchestrating a fraudulent crypto fraud scheme that specifically targeted law enforcement personnel. дальше »

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SEC Pursues Former Corrections Officer for $600,000 Crypto Investment Fraud

The US Securities and Exchange Commission has charged a former New Jersey corrections officer with $600,000 crypto fraud. The post SEC Pursues Former Corrections Officer for $600,000 Crypto Investment Fraud appeared first on BeInCrypto. дальше »

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Judge Sends OpenSea Employee To Prison For NFT Insider Trading

The first case of NFT insider trading has come to a close as a US Judge has sentenced a former OpenSea employee to prison. OpenSea Head Of Products Arrested For Fraud Nathaniel Chastain, former Head of Products of OpenSea, the world’s largest non-fungible token (NFT) marketplace, has been condemned to three months in prison. The […] дальше »

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OpenSea former exec imprisoned for NFT insider trading

A former head of product at NFT marketplace giant OpenSea has been sentenced to prison and will forfeit the Ethereum (ETH) he gained from his insider trading activities.  In May, Nathanial ‘Nate’ Chastain was convicted of fraud and money laundering.… дальше »

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Google Crypto Ad Scam Drains Victim of $900,000; Do We Need Stricter Rules?

The unsuspecting user was redirected to a malicious doppelganger site, "http://cbridge. ceieler. network," instead of CELER. The fraud site then prompted the user to approve a transaction. When the victim complied, his digital assets worth close to $900,000 was reportedly drained from his wallet. дальше »

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BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

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OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine

Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea. дальше »

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FTX founder Bankman-Fried ‘on bread and water’ in jail, lawyers claim Sixth Amendment violation

Sam Bankman-Fried, the 31-year-old founder of the bankrupt FTX cryptocurrency exchange, pleaded not guilty to a fresh indictment involving fraud and conspiracy. His lawyer voiced concerns about Bankman-Fried’s treatment in jail during his first appearance in Manhattan federal court after… дальше »

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BREAKING: FTX’s Sam Bankman-Fried Pleads “Not Guilty” In Latest Hearing

According to a report from Reuters, Sam Bankman-Fried, former CEO and co-founder of the now-bankrupt FTX exchange, has pleaded not guilty to a recent charge accusing him of fraud and conspiracy. This action was taken in the first court appearance of Bankman-Fried since a US court revoked his bail in early August. In a hearing […] дальше »

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FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22. дальше »

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Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns

Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions. дальше »

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Elaborate Crypto Fraud Scheme Unearthed in Thailand; Chinese National Arrested

The Chief of the Cyber Crime Investigation Bureau (CCIB), Pol Lt Gen Worawat Watnakhonbancha, told the paper that it was an elaborate scam. The post Elaborate Crypto Fraud Scheme Unearthed in Thailand; Chinese National Arrested appeared first on BeInCrypto. дальше »

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What is Feedzai, and how is it used to detect financial fraud?

Feedzai is an advanced, AI-powered risk operations platform that helps detect fraud at an institutional level.

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Warning! X.CGmining.com and GlobaleCrypto Join Long List of Cloud Mining Scams

Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. New entries X.CGMining.com and GlobaleCrypto are only the most recent in a long list. In this article, BNC profiles several of them—many of which are still actively defrauding people today–and offers an easy-to-use guide for how to spot crypto-cloud mining frauds. дальше »

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Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report

The Federal Deposit Insurance Corporation has warned that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks. дальше »

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FTX Founder Faces Brooklyn’s Notorious Hellhole: Bankman-Fried’s Harsh Reality Check?

In a U. S. District Judge Lewis Kaplan ruling, Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, has been ordered to prepare for his upcoming fraud trial from within the walls of Brooklyn’s Metropolitan Detention Center (MDC). дальше »

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Fenwick & West Faces an Array of Charges in FTX Litigation

Plaintiffs have filed a new class action lawsuit against prominent law firm, Fenwick & West LLP. The firm stands accused of aiding and abetting FTX’s “largest financial fraud in US history.” The post Fenwick & West Faces an Array of Charges in FTX Litigation appeared first on BeInCrypto. дальше »

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SEC partisan divide could alter Bitcoin ETF approval odds, former SEC attorney predicted

According to former SEC attorney John Reed Stark the current SEC, under the chairmanship of Gary Gensler, is unlikely to approve a Bitcoin spot ETF application centering on significant regulatory concerns, including the ability to prevent fraud and protect investors. дальше »

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Warning! X.CGmining.com Joins Long List of Cloud Mining Scams

Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. New entry X.CGMining.com is only the most recent in a long list. In this article, BNC profiles several of them—many of which are still actively defrauding people today–and offers an easy-to-use guide for how to spot crypto-cloud mining frauds. дальше »

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CFTC charges individuals with crypto fraud

The CFTC estimates that up to 14,000 people were duped. дальше »

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CFTC charges residents of Florida, Louisiana, Arkansas with crypto fraud

The regulatory body claims the defendants enticed over 14,000 individuals by creating false weekly returns.

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CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns.

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CFTC Files Fraud Charge Against ‘Blockchain’ Entity That Claims To Grow Customer Funds

The Commodity Futures Trading Commission has filed a complaint in the US District Court for the Middle District of Florida against four individuals and their unincorporated entity, Fundsz. This complaint accuses them of fraudulent solicitation from customers to supposedly trade in cryptocurrencies and precious metals. дальше »

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Campaign-Finance Charges Are Back on the Menu

I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to treaty obligations with the Bahamas. дальше »

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Chinese Authorities Intensify Efforts to Counter Web3 Fraud

Chinese authorities intensify efforts against Web3 fraud & data theft, tackling emerging technologies & deepfake AI. The post Chinese Authorities Intensify Efforts to Counter Web3 Fraud appeared first on NFT News Today. дальше »

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Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims

DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss. дальше »

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VCs firms face class action amid allegations of abetting FTX fraud

A class action complaint, recently filed on Aug. 7, implicates several venture capital firms, painting a grim picture of alleged gross financial mismanagement and deceptive practices. The plaintiffs, representing a class of impacted investors, allege that the group assured customers that their assets belonged solely to them and would not be transferred to FTX. дальше »

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Crypto Exchange Chief Arrested in South Korea for Alleged Multi-Million Dollar Fraud

The prosecution claims that the scam dates back to January 2019 when the exchange's CEO allegedly started manipulating computer systems to artificially inflate certain cryptocurrencies' prices and trading volume. дальше »

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NFT thefts decline as FBI exposes new developer impersonation scams

The U. S. Federal Bureau of Investigation (FBI) warned that criminals were posing as Non-Fungible Token (NFT) developers in financial fraud schemes despite the declining number of NFT crimes and token thefts. дальше »

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FTX lawfirm hit with class action over alleged role in FTX cover up

A new class action lawsuit makes severe allegations that high-profile Silicon Valley law firm Fenwick & West actively helped conceal and enable fraud by the collapsed cryptocurrency exchange FTX and its founder Sam Bankman-Fried. дальше »

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Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

The lawsuit alleged that the VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. дальше »

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FTX Primary Counsel Fenwick & West LLP Is Being Sued By Investors

A group of FTX investors has filed a class action suit against FTX’s primary counsel Fenwick & West LLP, court filings reveal. According to the court document, the plaintiffs are suing the law firm for contributing to the “largest financial fraud in US history” that went in on the crypto exchange and subsequently led to […] дальше »

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Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial

Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge. дальше »

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Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud

Hundreds of millions of dollars have been lost to scams and exploits in July alone. дальше »

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NFT theft decreased 20% in July: report

NFT thefts drop by 31%, totaling $1.73M in July ahead of a sales decline, reflecting a struggling NFT market. This comes as the FBI also issued a vigilance alert against rising NFT fraud. дальше »

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SEC Accuses Crypto Fund Administrator of Failing to Meet ‘Gatekeeper Responsibilities’

The SEC acts against Florida fund administrator ignoring fraud warning signs. The post SEC Accuses Crypto Fund Administrator of Failing to Meet ‘Gatekeeper Responsibilities’ appeared first on BeInCrypto. дальше »

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