Fraud Financial News
08.09 / 14:23
CFTC
regulation
Fraud
fines
Bitcoin
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).
30.08 / 18:13
regulation
Decentralized Exchange
Fraud
Uniswap
Judge dismisses class-action suit against Uniswap over token scam losses
The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange. Judge Katherine Polk Failla, who handed down the dismissal, is also hearing the Securities and Exchange Commission’s case against Coinbase.
25.08 / 16:01
Ethereum
ETF
Social Media
Fraud
Asia
Bitcoin
HashKey
Lost
21Shares
retail clients
Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
24.08 / 13:21
Blockchain
Binance
Investing
scam
Fraud
pig butchering
Binance Warns of Escalating Pig Butchering Scams – What's Going On?
The number of 'pig butchering scam' cases reported to Binance has increased by 100.5% from 2022 to date, the exchange said.
23.08 / 06:05
business
Law
regulation
Fraud
FTX
Court
Prison
Fried
Sam
Low
Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison
FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.
22.08 / 15:13
Facebook
Binance
Legal
Fraud
Court
Phishing scams
Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the 'Sign In With Solana' Feature
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
21.08 / 11:14
scam
Legal
Fraud
Crypto.com
Cryptocurrency Startup Sues Crypto.com Exchange After Falling Victim to Scam
Cryptocurrency startup Glow Token LLC filed a lawsuit in a US court against the Crypto.com exchange over a recent fraud, alleging negligence and breach of contract.
21.08 / 03:51
business
Adoption
Hackers
Scams
Fraud
Court
Bitcoin
On-chain tool to seize crypto is a purist's nightmare, but a must: CEO
The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption.
18.08 / 10:33
defi
Scams
Fraud
How To
Financial
What is Feedzai, and how is it used to detect financial fraud?
Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to 2023. This paints a dire portrait of the dark underbelly of digital advancement, with scammers now leveraging generative artificial intelligence (AI) to craft increasingly complex and realistic scams.
16.08 / 12:27
Mining
scam
Legal
Fraud
Court
Filecoin
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
15.08 / 10:37
Blockchain
NFT
Web3
Fraud
How AI-powered technologies protect brands from IP fraud in Web3
Brands and creators exploring Web3 are wary of IP fraud and wash trading risks, but AI-powered technologies can detect such problems and make this emerging ecosystem safer for all participants.
15.08 / 04:35
business
regulation
Altcoin
Fraud
FTX
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.
13.08 / 09:29
CFTC
Fraud
Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas
The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involvement in a fraudulent scheme related to cryptocurrencies and precious metals trading.
09.08 / 05:59
business
Law
regulation
Altcoin
Fraud
FTX
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.
08.08 / 23:39
04.08 / 14:33
business
Blockchain
Cybersecurity
security
Fraud
Ensuring integrity of blockchain transactions: Trust through audits
Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations.
01.08 / 00:19
regulation
SEC
Fraud
LUNC
Terra
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm's motion to dismiss on July 31.
27.07 / 21:27
regulation
SEC
Fraud
Digital Asset
accountants
SEC chief accountant warns accountants about liabilities when auditing crypto firms
Paul Munter, chief accountant of the United States Securities Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing their finding to be misrepresented could have serious consequences, he said.
21.07 / 17:45
Blockchain
Ethereum
Crime
Social Media
Fraud
Department
National
Today in Crypto: US Justice Department Revamps National Crypto Enforcement Team, Wormhole Releases Gateway Developed within Cosmos, Indonesia's Stock Market and Clearing House for Digital Assets Finally Operational
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
17.07 / 09:13
Binance
regulation
Fraud
Banks
Bitcoin
National
National Australia Bank joins crypto exchange boycott, cites ‘scams’
Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.
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