Crimes Financial News

07.02 / 20:53

Law regulation crimes Messaging App Judge denies motion allowing SBF to use messaging apps

A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps.

07.02 / 17:45

business Binance regulation Trading crimes Huobi exchanges Crypto exchanges tackle insider trading after recent convictions

In January, the brother of a former Coinbase product manager was sentenced to 10 months in prison for wire fraud conspiracy in what prosecutors called the first case of insider trading involving cryptocurrencies. In September 2022, Nikhil Wahi entered a guilty plea for executing trades based on private data obtained from his brother, Ishan Wahi, a former product manager for Coinbase.

06.02 / 11:49

Adoption regulation crimes Cybercrime Police Interpol global crypto community Terraform Labs Interpol wants to police metaverse crimes, reveals secretary general

The International Criminal Police Organization (ICPO), a.k.a, Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.

03.02 / 00:53

Law regulation crimes hearing bail Alleged Mango Markets exploiter waives bail during hearing in federal court

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.

02.02 / 08:07

business crimes Bithumb Bithumb owner arrested in South Korea over alleged embezzlement

The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.

31.01 / 01:19

Law regulation crimes FTX Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray.

23.01 / 19:51

Law regulation Europe crimes reports Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato.

20.01 / 22:59

Law regulation SEC Fraud crimes Sec Charges SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion dollar exploit of decentralized exchange Mango Markets.

20.01 / 09:45

business Blockchain regulation crimes Cybercrime us government Drop Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis

Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022.

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

14.01 / 00:47

Law regulation crimes raid Bulgarian authorities charge four individuals following raid on Nexo office: Report

Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 16:09

Blockchain regulation Report crimes Time Illicit crypto transactions reached all-time highs in 2022: Report

Setting aside the criminal investigations of failed crypto businesses like FTX, Celsius, 3AC, Terra and others, 2022 set the record in illicit on-chain transactions. According to a yearly report published by Chainalysis on Jan. 12, the total cryptocurrency value received by illicit addresses reached $20.1 billion in the last year.

06.01 / 23:31

Law regulation crimes US authorities launch page to notify FTX’s alleged victims about SBF’s case

The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.

06.01 / 01:23

Law regulation crimes US authorities are turning their attention to FTX's Nishad Singh: Report

Authorities with the United States Securities and Exchange Commission and Commodity Futures Trading Commission as well as prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.

05.01 / 20:13

Law regulation crimes Financial Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ 'dire financial condition'

New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions.

03.01 / 23:01

Law regulation crimes FTX Fried Sam NOT Sam Bankman-Fried enters not guilty plea for all counts in federal court

Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.

23.12 / 22:51

Law regulation crimes FTX Deal Customer Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments.

07.12 / 18:29

defi regulation crimes Cybercrime Mixers Into the storm: The murky world of cryptocurrency mixers

Cryptocurrency mixing services are a divisive subject in the industry. Some advocate for the privacy-enabling features of these protocols while others maintain that they are mainly used for illicit means.

07.12 / 01:13

Law regulation crimes FTX Fried Sam Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report

Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney.

03.12 / 00:57

Law regulation crimes Terra South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers.

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