Fraud Financial News
30.11 / 14:36
Ethereum
Hack
security
Fraud
Today in Crypto: $343,038,810 was Lost to Hacks and Fraud in November, a 15x Increase from October
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________
29.11 / 22:23
Mining
Fraud
Ponzi scheme
Cloud Mining
Bitcoin
Extradition
Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin (BTC) cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, according to a local press report.
29.11 / 12:19
27.11 / 23:53
business
Binance
regulation
SEC
Department Of Justice
Fraud
FTX
SEC still looking for potential FTX-style fraud at Binance.US: Report
The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.
23.11 / 20:27
Ethereum
Fraud
corruption
Steven Nerayoff Lawsuits Will Reveal Facts Supporting Claims Against Key Ethereum Figures, Says Attorney
In a new chapter of the ETHGate saga, Steven Nerayoff’s attorney, Michael Scotto, said they have ample evidence to back up forthcoming lawsuits against the US Government and additional private actors, as well as whistleblower filings that they intend to release, some of which will implicate major players in Ethereum’s early days.
23.11 / 00:37
business
regulation
Altcoin
Fraud
FTX
Court
Appeals court rejects Sam Bankman-Fried’s bid for release
FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.
22.11 / 20:51
NFT
Gaming
Fraud
Opensea
Bitcoin
Blockchain Game
MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter
In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor G2A has launched a gaming-focused NFT marketplace.
20.11 / 15:25
MasterCard
Fraud
Money laundering
Mastercard combats crypto fraud with latest AI integration
Financial services provider Mastercard revealed a new partnership with artificial intelligence (AI) firm Feedzai, according to reports from CNBC on Nov. 20.
20.11 / 14:11
Europe
MasterCard
Fraud
Asia
Investment
Low
Today in Crypto: Investor Interest in Crypto Startups is Low in 2023, Credefi Finance Integrates with XRP Ledger
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________
16.11 / 17:31
regulation
Scams
Fraud
crimes
3AC co-founder Kyle Davies spotted in Bali, sources claim
Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.
13.11 / 01:11
10.11 / 01:33
Law
regulation
Scams
Fraud
Cryptoqueen’s OneCoin legal chief pleads guilty to fraud
The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.
09.11 / 10:19
regulation
Scams
Fraud
Bitcoin
JPEX scandal: Taiwan determines new suspects in alleged fraud — Report
The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.
09.11 / 06:23
regulation
SEC
Fraud
FTX
Bankruptcy
open
SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report
The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law.
07.11 / 14:25
03.11 / 10:11
Adoption
Fraud
crypto experts
5 nations challenge crypto experts and investigators to target tax crimes
The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.
01.11 / 19:18
Ethereum
Hack
Google
Tether
security
Fraud
DApp
Today in Crypto: Hackers Stole $1.41 Billion YTD and $22.2 Million in October, Google Cloud Launches Solana Network Dataset on BigQuery
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________
31.10 / 23:59
CFTC
regulation
Fraud
us government
Press Release
Commodities Investment
CFTC pays whistleblowers $16M this year for mostly crypto tips
The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto.
31.10 / 13:23
business
Blockchain
regulation
Fraud
FTX
Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction
Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.
30.10 / 19:29
Stablecoin
regulation
Fraud
Terraform Labs
Terra
Terraform co-founder Shin blames protocol for collapse during trial in S. Korea
The trial of payment platform developer Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, and seven others got underway in Seoul Southern District Court in South Korea on Oct. 30, according to local news reports. Shin is accused of defrauding investors. Also at issue was whether or not Luna is a security.
27.10 / 20:43
regulation
Gemini
Fraud
Winklevoss Twins
Digital Currency Group
Bankruptcy
Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B
Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the Gemini Earn Program. That collateral is currently worth close to $1.6 billion.
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