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CryptoCurrency

Crypto Kingpin behind Bars: 12 Years for $100M Ponzi Scheme

  • The scheme mastermind has been sentenced for running a global crypto pyramid scheme.
  • AirBit Club deceived investors, with assets valued at $100 million have now been seized.
Wednesday, 27/09/2023 | 08:22 GMT by Damian Chmiel
CryptoCurrency

Ex-Deutsche Banker Faces up to 30 Years for Crypto Investment Fraud

  • Russell faces up to 30 years in prison after admitting to defrauding R3 Crypto Fund clients.
  • In addition to the crypto scam, he pleaded guilty to identity theft.
Wednesday, 20/09/2023 | 08:45 GMT by Damian Chmiel
CryptoCurrency

US DOJ Opposes Sam Bankman-Fried’s Claims on Evidence

  • The lawyers representing FTX's Founder want evidence gathered after July 1 to be inadmissible.
  • However, the DOJ said the lawyers have had access to the discovery materials for months.
Tuesday, 29/08/2023 | 22:25 GMT by Solomon Oladipupo
CryptoCurrency

Court Permits “Unlimited” Access to Jailed Bankman-Fried for Trial Preparation

  • The permission falls short of the FTX Founder's lawyers' request.
  • FTX's bankruptcy estate wants to onboard Galaxy for guidance on crypto holding.
Thursday, 24/08/2023 | 14:50 GMT by Solomon Oladipupo
CryptoCurrency

Tornado Cash Founders Face US Charges for Handling $1B in Dirty Money

  • The Founders allegedly facilitated illicit funds for the North Korean hacking group, Lazarus.
  • OFAC separately placed a sanctions designation on the Co-Founder, Roman Semenov.
Wednesday, 23/08/2023 | 21:58 GMT by Solomon Oladipupo
CryptoCurrency

Sam Bankman-Fried Pleads Not Guilty to New Indictment

  • Bankman-Fried's lawyers claimed he is being denied access to his medicine.
  • They also want extra meeting days with the crypto entrepreneur for his trial preparation.
Tuesday, 22/08/2023 | 17:14 GMT by Solomon Oladipupo
FinTech

US DOJ Is Probing Visa over 'Token' Technology Pricing Practices: Report

  • Visa reportedly planned to adjust its fees, thereby sparking a new investigation by the DOJ.
  • UK payments watchdog sought to review Visa and Mastercard's card fees last year.
Wednesday, 16/08/2023 | 20:23 GMT by Solomon Oladipupo
Institutional FX

UBS to Shell Out $1.4B over Fraud Claims Related to 2008 Financial Crisis

  • The Swiss bank giant did not admit to any wrongdoing.
  • The DOJ previously settled with other top banks, such as Nomura, RBS and Barclays.
Monday, 14/08/2023 | 20:59 GMT by Solomon Oladipupo
CryptoCurrency

DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report

  • US prosecutors are contemplating alternative options such as fine payment.
  • The SEC and CFTC filed charges against the exchange in recent months.
Wednesday, 02/08/2023 | 18:02 GMT by Solomon Oladipupo
CryptoCurrency

2016 Bitfinex Hack: Couple Charged over $4.5B in Stolen BTC Strikes Plea Deal

  • US DoJ charged the couple with money laundering in February 2022.
  • Bitfinex recently recovered $315K of the stolen BTC from the US government.
Friday, 21/07/2023 | 19:34 GMT by Solomon Oladipupo
CryptoCurrency

US DoJ Accuses FTX Founder of Leaking Caroline Ellison’s Private Diary

  • Bankman-Fried allegedly shared the details to 'cast Ellison in a poor light'.
  • FTX has sued Bankman-Fried, Ellision, Wang and Singh for 1 billion USD.
Friday, 21/07/2023 | 15:34 GMT by Solomon Oladipupo
CryptoCurrency

Celsius Hit with Multiple Lawsuits as Founder Alex Mashinksy Is Arrested

  • DOJ, SEC, CFTC and FTC filed complaints against Mashinkshy and the Celsius Network.
  • Celsius filed for bankruptcy in July 2022, citing market volatility.
Thursday, 13/07/2023 | 17:30 GMT by Solomon Oladipupo
CryptoCurrency

2016 Crypto Hack: Bitfinex Gets $312K in Latest Recovery from US

  • BTCs stolen from the hack are currently worth $3.7 billion.
  • OCCRP recently said Bitfinex hid a report that flagged its security flaws for the hack.
Thursday, 06/07/2023 | 21:52 GMT by Solomon Oladipupo
CryptoCurrency

FTX’s Sam Bankman-Fried Battles US Post-Extradition Charges in Bahamas

  • The details are contained in court documents filed on Monday evening, Reuters reported.
  • Last month, US prosecutors opposed a move to dismiss some of the charges.
Tuesday, 13/06/2023 | 22:09 GMT by Solomon Oladipupo
CryptoCurrency

2 Russian Citizens behind 2011 Hack of Mt. Gox, US Alleges

  • The DOJ said the Russian nationals stole about 647,000 BTCs at the time.
  • Alexey Bilyuchenko allegedly invested illicit funds from Mt. Gox in BTC-e.
Friday, 09/06/2023 | 22:53 GMT by Solomon Oladipupo
CryptoCurrency

US Senators Say Binance May Have Lied to Congress: Report

  • Three lawmakers in March queried Binance about its compliance and ties to its US arm.
  • On Monday, the SEC alleged that Binance and its US affiliates 'were intimately involved'.
Thursday, 08/06/2023 | 20:33 GMT by Solomon Oladipupo
CryptoCurrency

US Opposes Crypto Exchange Bittrex’s Customer Repayment Plan

  • Bittrex's US branch holds $250M and $50M in customer crypto and cash, respectively.
  • The exchange served over 600,000 customers in the US as of March 2023.
Thursday, 08/06/2023 | 17:56 GMT by Solomon Oladipupo
CryptoCurrency

US Prosecutors Charge New Suspect in $45M Blockchain Fraud ‘CoinDeal’

  • Bryan Lee faces up to 20 years in prison for wire and mail fraud.
  • Previously, the US SEC charged mastermind Neil Chandran and other four individuals.
Friday, 19/05/2023 | 18:36 GMT by Solomon Oladipupo
CryptoCurrency

Ex-Coinbase Staffer Bags 2-Year Jail Term for Insider Trading Plot

  • Ishan Wahi pleaded guilty to two counts of wire fraud in February.
  • The SEC and DOJ charged Wahi, his brother and friend in July last year.
Tuesday, 09/05/2023 | 20:11 GMT by Solomon Oladipupo
CryptoCurrency

US Man Pleads Guilty to Defrauding Banks and "Leading Crypto Exchange" of over $4M

  • Esteban Da Corte committed the crime around March 2020, prosecutors say.
  • The Miami man and his crew used fake ID information for the scheme.
Wednesday, 26/04/2023 | 20:34 GMT by Solomon Oladipupo
CryptoCurrency

OneCoin's Co-Founder Karl Greenwood Pleads Guilty to Wire Fraud

  • Greenwood, who was arrested in Thailand in 2018, is to be sentenced next year.
  • Co-Founder Ruja Ignatova, the 'Cryptoqueen', remains at large.
Friday, 16/12/2022 | 21:24 GMT by Solomon Oladipupo
CryptoCurrency

US’ DOJ Calls for Stronger Crypto Crime Laws, Launches DAC Network

  • The DAC Network comprises over 150 prosecutors from across the country.
  • The DOJ launched a digital asset report in response to Biden's executive order.
Friday, 16/09/2022 | 22:38 GMT by Solomon Oladipupo
Binary Options

SpotFN Operator Pleads Guilty to $2.9 Million Binary Options Fraud

  • David Butler, 52, was arrested in April and extradited from Costa Rica in July.
  • Butler and his co-conspirators used computer software to manipulate binary options data.
Wednesday, 31/08/2022 | 21:07 GMT by Solomon Oladipupo
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