2023-7-14 18:52 |
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.
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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.
2023-8-22 16:57 | |
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Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering.
2020-6-26 23:23 | |
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The SEC freezes the assets that belong to the owners of a fraudulent cryptocurrency hedge fund
2020-6-20 21:15 | |
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Two Romanian individuals pled guilty to the charges, says US Department of Justice The... The post 15 defendants plead guilty to fraud and money laundering techniques that used Bitcoin appeared first on Coin Journal.
2020-6-13 15:11 | |
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The legal battle between Ripple and investors continues to poodle ahead. The latest development is a filing by the San Francisco-headquartered blockchain payments firm asking the court to dismiss the fraud charges put forward by the plaintiff on the account of lack of evidence to support the said claims.
2020-6-10 17:50 | |
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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 […]
2020-6-10 20:46 | |
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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.
2020-4-13 03:00 | |
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Atlanta rapper T. I, real name Clifford Harris Jr, has been cleared of securities fraud charges stemming from his alleged promotion of the FLiK ICO. However, fellow defendants, businessman Ryan Felton, along with actor and comedian Kevin Hart, still have a case to answer.
2020-3-4 18:00 | |
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Reginald Fowler, an alleged operator of Crypto Capital, was indicted on wire fraud Friday, adding to four previous charges he already faced.
2020-2-22 23:32 | |
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Gemcoin founder Steve Chen appeared in court and pleaded guilty to charges of conspiracy to commit wire fraud charges and tax evasion. He and other perpetrators duped some 70,000 unsuspecting individuals out of a cool $147 million to invest in USFIA.
2020-2-20 20:34 | |
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The CFTC has charged a Colorado individual for allegedly defrauding investors out of more than $500K via a crypto trading scheme
2020-2-16 19:32 | |
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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.
2020-2-13 00:27 | |
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The U.S. Securities and Exchange Commission has filed charges against a man for allegedly swindling 150 investors in an elaborate crypto trading scam
2020-2-13 12:26 | |
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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.
2020-2-5 16:00 | |
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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.
2020-2-1 18:00 | |
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The U. S. Securities and Exchange Commission has charged blockchain marketplace Opporty International with fraud, according to a litigation release published Tuesday, Jan. 21. Over the course of 2017 and 2018, Opporty and its founder, Sergii Grybniak, raised more than $600,000 in an unregistered token sale, or ICO.
2020-1-22 21:06 | |
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The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.
2020-1-18 19:04 | |
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Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech.
2020-1-17 01:41 | |
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Venkata S. Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent.
2020-1-4 00:55 | |
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The U. S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens.
2019-12-12 00:55 | |
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Bogdan Nicolescu, the leader of the Bayrob Group hacker gang from Romania, as well as his co-conspirator Radu Miclaus, have been found guilty of charges related to their cryptojacking malware. The charges include 21 separate counts of wire fraud, money laundering, aggravated identity theft, and other crimes, according to a press release that was published […]
2019-12-10 23:51 | |
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OneCoin was recently charged with fraud and money laundering. The founder’s brother, Dr. Rija Ignatova, admitted guilt to the charges and also accused Phoenix Thoroughbreds of being funded using the money laundered through OneCoin.
2019-11-27 00:27 | |
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A Manhattan court convicted Mark Scott, OneCoin's lawyer, for fraud after he laundered $400 million for the crypto Ponzi scheme.
2019-11-23 21:10 | |
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Two individuals were charged yesterday for their suspected involvement in a two-year cryptocurrency SIM swapping scam. The suspects are believed to have taken control of telephone numbers and attempted to gain access to various online accounts to steal digital currency from victims.
2019-11-15 01:00 | |
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Several executives from the South Korean cryptocurrency exchange CoinUp, including its president, were arrested on charges of fraud that amount to nearly $400 million. Local media outlets report that nine of the company’s executives were arrested on Nov 11 after an extensive investigation that began in 2018.
2019-11-13 19:28 | |
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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.
2019-10-28 15:15 | |
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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.
2019-10-31 13:01 | |
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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.
2019-10-23 15:00 | |
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Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.
2019-10-18 23:00 | |
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A former attorney from Locke Lord LLP pled not guilty on a new indictment that further charged him with bank fraud and laundering $400 million related to a widely known cryptocurrency scam, OneCoin.
2019-10-12 22:06 | |
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A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its public offering and Nasdaq listing.
2019-10-1 13:51 | |
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A man faces charges by the U.S. Attorney's Office and the CFTC over claims he took money for bulk bitcoin orders that were never delivered.
2019-10-1 13:21 | |
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The United States Commodity Futures Trading Commission charges a United States resident with a $7 million Bitcoin-related fraud
2019-10-1 12:28 | |
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The U. S. Commodity Futures Trading Commission (CFTC) charged Pennsylvania-based resident, Jon Barry Thompson with “knowingly or recklessly making false representations to customers (two victim companies) in connection with the purported purchase of bitcoin worth over $7 million.
2019-9-30 20:39 | |
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The U.S. SEC has charged the CEO of an online adult entertainment marketplace with running a fraudulent initial coin offering scheme.
2019-9-24 05:19 | |
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Jasmine Vella-Arpaci, who was part of the major identity fraud ring, faces up to 53 charges after stealing millions of dollars
2019-9-17 10:16 | |
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In Moscow, Russian hockey player Igor Musatov was detained. He has been on the federal wanted list for more than a year on charges of major fraud with cryptocurrency. The event took place in February 2018.
2019-9-16 13:03 | |
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The U.S. Securities and Exchange Commission (SEC) has recently announced that it would settle the charges related to Bitqyck, a cryptocurrency token issuer which was accused of being a fraud. The two founders of the company, Sam Mendez and Bruce Bise, raised $13 million USD selling the tokens of their company to over 13,000 investors. […]
2019-8-30 22:11 | |
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The SEC settled charges with two individuals accused of selling unregistered securities with the Bitqy and BitqyM token sales.
2019-8-29 19:31 | |
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US District Judge Vince Chhabria ruled that crypto exchange Coinbase will face charges of negligence, fraud, and unfair competition for its handling of the launch of Bitcoin Cash. Coinbase allegedly canceled US dollar orders of BCH hours before the crypto was added to its platform, causing the price to rise and claims that the exchange was involved in insider trading.
2019-8-8 23:45 | |
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Long-standing cryptocurrency exchange Coinbase will face a negligence lawsuit after allegedly mismanaging the launch of Bitcoin Cash on its platform, a judge has ruled. However, court documents released on Tuesday show that US District Judge Vince Chhabria threw fraud and unfair competition charges relating to the case.
2019-8-8 15:57 | |
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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.
2019-8-8 15:00 | |
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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.
2019-7-23 23:28 | |
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A cybercriminal from Israel is facing a long list of felonies associated with the supposed theft of $1. 7 million (6. 1 million NIS) in various cryptocurrencies. The perp, 31-year old Eliyahu Gigi from Tel Aviv, reportedly stole Bitcoin, Ethereum, and Dash from various foreigners, including Belgians, Dutch, and Germans, Israeli news reports.
2019-7-18 11:18 | |
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The Federal Bureau of Investigation (FBI) is chasing hackers — including the founder of cryptocurrency mining marketplace NiceHash — over an alleged plot to create and distribute malware through major dark web forum Darkode.
2019-6-12 16:40 | |
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Kik isn’t the only company facing regulatory blowback. LongFin, a fintech company which drew controversy for an abrupt blockchain pivot, is now fighting allegations of fraud from the Securities and Exchange Commission.
2019-6-7 00:18 | |
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The SEC has filed charges of fraud against purported blockchain-related firm Longfin Corp
2019-6-6 00:30 | |
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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.
2019-6-6 23:30 | |
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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.
2019-6-1 18:55 | |
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Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov.
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new company.
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.
Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings.