First Mover Asia: Bitcoin Ticks Up as Congestion Wanes and Investors Ponder the Next Price Spur

ALSO: SAM Bankman-Fried's motion to dismiss most charges against him raises questions about the reach of the Commodities Exchange Act.

67 +

U.S. Charges 5 Russians With Crypto Money Laundering to Evade Sanctions

The U.S. government recently announced charges against 5 Russian nationals and two oil traders for breaching sanctions. According to reports, the accused persons used crypto assets in sanction evading to fund Russia in the war against Ukraine.  The U.S. Charges…

217 +

Bitcoin Price Drops As US Prosecutors File Charges Against BitMEX For Money Laundering And Facilitating Illicit Trading

BitMEX, the most widely utilized bitcoin margin trading platform, failed to enact proper compliance procedures and allowed unregistered trading, among other violations, according to US regulators. The United States Commodity Futures Trading Commission has charged BitMEX cryptocurrency exchange, CEO Arthur Hayes, the firm’s owners (Samuel Reed and Ben Delo), and corporate entities (HDR Global Trading […]

300 +

Bitcoin Plummets as CFTC and FBI File Charges Against BitMEX

301 +

CFTC charges Bitmex co-founders for violating Bank Secrecy Act

Update 2: In a reaction to the CFTC levying charges against BitMEX, the latter released an official statement that read: “We strongly disagree with the U.S. government’s heavy-handed decision to The post CFTC charges Bitmex co-founders for violating Bank Secrecy Act appeared first on AMBCrypto.

214 +

US charges operators of Russian troll farm with fraud over crypto accounts

New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts.

246 +

Founder of the multi-million dollar Ponzi scheme Bitclub pleads guilty

The founder of the Bitclub Network admitted charges against him of selling unregistered securities and filing a false tax return. The damage from Bitclub's actions is estimated at $722 million.

243 +

Ripple (XRP) breaks support as the platform faces lawsuit in Australia

Ripple (XRP) price broke below key short-term support at $0. 27 as the sellers assumed control of the price action. In the meantime, the crypto giant is facing a lawsuit in Australia.   Fundamental analysis: Legal troubles for Ripple A large Australian financial services company is pressing charges against the crypto company Ripple Labs on trademark infringement allegations.

331 +

US Government Files Fresh Charges Against PlexCoin ICO Organizers

Having only settled with the SEC last year, the PlexCoin founders now face a fresh round of charges from the U.S. Department of Justice.

119 +

Us Federal Court Ruling — Bitcoin Is a Form of Money

A US Federal Court said Friday that bitcoin is a form of money covered under the Washington D. C. , Money Transmitters Act (MTA). The court made this conclusion as it denied a motion to dismiss criminal charges against Larry Dean Harmon, the operator of an underground bitcoin trading platform.

269 +

Texas Man Nabs $1 Mln in PPP Loans to Invest in Cryptocurrency, Faces Federal Charges

The DOJ announces fraud charges against a Texas man who collected PPP funds to invest in crypto

173 +

Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges

One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him.

227 +

SEC Announces Fraud Charges Against Cryptocurrency Hedge Fund

The SEC freezes the assets that belong to the owners of a fraudulent cryptocurrency hedge fund

192 +

Ripple Inc. Moves To Court To Dismiss Fraud Claims Against Its CEO, Brad Garlinghouse

A “court motion to dismiss,” filed by Ripple Inc. to the United States District Court in Northern California on June 8, aims to dismiss the charges faced by the CEO, Brad Garlinghouse. The motion aims at removing three accounts of fraud by the plaintiff, Bradley Sostack, which did not show how Garlinghouse was purportedly fraudulent […]

349 +

Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment

Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov, committed fraud on a multi-billion dollar level.

292 +

No Evidence of Crypto-Related Charge in Maduro Drug Cases

Charges against Maduro and other Venezuelan heads don’t involve crypto directly, three different lawyers say

113 +

Bitcoin Fungibility, Mixing and the Legal Limits on Maintaining Privacy

After breaking down the charges against Larry Harmon, legal experts Sasha Hodder and Rafael Yakobi examine the case for bitcoin privacy and fungibility. The post Bitcoin Fungibility, Mixing and the Legal Limits on Maintaining Privacy appeared first on Bitcoin Magazine.

168 +

SEC Files Charges Against Ohio-Based Business For Running A $33M Cryptocurrency Fraud

The US Securities and Exchange Commission has filed charges against an Ohio-based businessman, Michael W. Ackerman on Tuesday who allegedly orchestrated a cryptocurrency scheme to defraud about 150 investors including many physicians.

107 +

SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

The U.S. Securities and Exchange Commission has filed charges against a man for allegedly swindling 150 investors in an elaborate crypto trading scam

153 +

Alexander Vinnik Claims Injustice While Now Fighting Charges in France

What’s next for suspected Bitcoin money launderer Alexander Vinnik as French authorities slam money laundering and conspiracy charges against him?

167 +

OneCoin Associate Tries to Dodge $400M Laundering Charges 

OneCoin associate Mark Scott was charged with two counts of money laundering totaling $400 million. Now, one of the enablers of Crypto’s biggest scam wants the charges against him dropped. OneCoin Aide Claims ‘Insufficient’ Evidence Mark Scott was found guilty by a jury last November of two counts of money laundering (wire fraud and bank fraud) for OneCoin and its elusive founder Ruja Ignatova totaling $400 million.

195 +

Upbit Exchange Execs Cleared of Fraud Charges in South Korea

The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges. Insufficient Evidence Against Upbit Chiefs Delivering judgment on the matter, Deputy Judge Oh Sang-yong dismissed the 30-count criminal fraud and market manipulation charges leveled against the Upbit directors for lack of evidence.

158 +

Virgil Griffith Pleads Innocence to North Korea Sanctions Violation Charges

Former Ethereum Foundation member, Virgil Griffith has pleaded not guilty to conspiracy charges filed against him by the U. S. Attorney’s office. Griffith who is accused of aiding North Korea in evading sanctions faces a maximum of 20 years in prison if found guilty.

206 +

United States: Ex-Ethereum Foundation Member Virgil Griffith Indicted

The U. S. government has formally brought up charges against Virgil Griffith, a former researcher and scientist at the Ethereum Foundation. Griffith ran into trouble for traveling to North Korea to attend a crypto and blockchain conference after having been denied permission to travel by the U.

186 +

SEC charges against ‘reputable’ organizations in 2019 dwarf crypto actions

While no one would deny the crypto sector has its fair share of ne'er do wells and general malfeasance, it was trusted legacy brands that stood out during the year for the sheer scale of their transgressions and related fines

489 +

Ethereum Proponent Virgil Griffith Deemed a Flight Risk, Judge Denies Bail

U. S. law enforcement filed in November criminal charges against Ethereum researcher Virgil Griffith because he traveled to North Korea and taught “his audience how to use blockchain technology.

191 +

French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris.

633 +

Another ICO Fraudster Bites the Bullet

Eran Eyal, Shopin CEO, pleaded guilty today to charges of conducting an unregistered securities offering in an ICO that raised over $42 million. The SEC announced charges against Eyal in a Wednesday press release.

153 +

Accused Onecoin Co-Conspirators Fight Criminal Charges in the US

The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion.

178 +

Sanctions Weren’t Discussed at North Korea Crypto Conference, Attendee Says

The U.S. government's charges against Virgil Griffith are overblown, says one attendee of the North Korean conference that led to the ethereum developer's arrest.

116 +

Bitmain Co-Founder Claims He Was Illegally Removed, Plans to Sue

Micree Zhan, the former co-founder of Bitmain, will be pressing charges against the hardware manufacturing giant. He claims that he was removed from the company illegally. With Jihan Wu now leading Bitmain, its former co-founder is claiming this was an illegal power grab—and he plans to take action.

196 +

The SEC Files as the CFTC Settles Charges Against Swiss Securities Dealer

The SEC and CFTC have filed and settled charges against Switzerland-based securities dealer XBT Corp. SARL

134 +

Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested

The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.

223 +

New York City Prosecutor Accuses Crypto Capital CEO of Fraud

Following the loud arrest of the Crypto Capital president in Poland, fraud charges were brought against another head of Crypto Capital, a company that is allegedly responsible for the loss of Bitfinex's hundred millions of dollars.

117 +

Victims of Mayweather-Backed Centra Scam Defend Themselves in Court

Investors in Centra Tech, a defunct crypto firm that was accused of fraud, defended their renewed class certification bid in a Florida federal court yesterday, after being denied in an initial motion.

131 +

Nebulous settles SEC’s charges against unregistered “Siastock” offering with just over $0.2 million

Nebulous Inc. , Sia decentralized cloud storage network’s parent company, reportedly entered a settlement agreement with the U. S. Securities and Exchange Commission (SEC). The complaint is related to a 5-year old SEC filing, that highlighgted Nebulous’ involvement in offering and selling unregistered securities.

116 +

SEC Settles Charges with Block One of EOS

America’s Securities and Exchanges Commission (SEC) has just announced settled charges against Block. one, the company behind EOS, for raising billions in an ICO in 2017 over approximately one year.

146 +

DOJ Brings Extortion Charges Against Early Advisor to Ethereum, tZero

U.S. law enforcement has charged an early supporter of the ethereum project and former advisor to Overstock’s tZero with extortion.

131 +

SEC charges Dallas company for operating unregistered digital asset exchange

The Securities and Exchange Commission (SEC) announced pressing charges against Bitqyck Inc. and its founders for defrauding investors in securities offerings of two digital assets and operating an unregistered exchange.

127 +

Multi-level Marketing Promoter of Bitcoin Funding Team and My7Network Will Settle With FTC

The United States Federal Trade Commission (FTC) has agreed to settle the charges it filed in 2018 against a pyramid scheme that involved 4 individuals. As part of the settlement, the promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program. Additionally, they are supposed to pay a […]

146 +

Robert De Niro’s firm sues employee for $6M for binging 55 eps of Friends at work

We need a new category for this sort of Netflix activity. Robert De Niro’s company has filed a $6 million lawsuit against a former employee who purportedly binged Netflix while on the clock, Variety reports.

207 +

Coinbase Faces Negligence Charges Over Botched Bitcoin Cash Launch

A U. S. judge has ruled that Coinbase must face negligence charges over its actions around the launch of Bitcoin Cash trading. However, the majority of claims against the company, including those of fraud and unfair competition, were thrown out.

205 +

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.

150 +

Власти США изъяли $19 млн в деле, связанном с Silk Road

Прокуратура Южного округа Нью-Йорка выдвинула обвинения Хью Брайану Хани в отмывании денег, вырученных от продажи наркотиков на даркнет-маркетплейсе Silk Road. Сотрудники Министерства внутренней безопасности США полагают, что Хани мог быть администратором крупного поставщика незаконных препаратов Pharmville.

190 +

British Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million

By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court.

176 +

Mark Karpeles Reveals New Information Regarding the Ongoing Mt. Gox Creditor Saga, CoinLab

Karpeles believes that it will take a minimum of up to 10 years before a resolution for the Mt. Gox scandal can be arrived upon. The ex-Mt. Gox CEO is currently serving a 2.5 years suspended jail sentence in relation to the various charges that were levied against him back in 2015. As many of […]

150 +

US SEC Adds Fraud to List of Charges Against ‘Crypto’ Firm Longfin

The SEC has filed charges of fraud against purported blockchain-related firm Longfin Corp

162 +

Firm That Saw Stock Boost After Crypto ‘Pivot’ Hit With New SEC Charges

The SEC filed fresh fraud charges against Longfin Corp. on Wednesday, alleging the company falsified its accounting. Longfin's stock price jumped after it announced a crypto pivot in 2017.

142 +

Man Sentenced for Illegal Money Transmission Services on LocalBitcoins

U. S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users.

279 +