Fraud Financial News

18.05 / 16:45

business Blockchain Technology Law Investments Fraud Former CFO indicted for diverting $35M to cryptocurrency venture

Nevin Shetty, a former Chief Financial Officer (CFO) at a Seattle start-up company, was indicted on May 17 in the U.S. District Court in Seattle on charges of wire fraud.

18.05 / 08:09

business regulation Fraud FTX Deal Fried Sam FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy

FTX lawyers are suing former CEO Sam Bankman-Fried, co-founder Zixiao Wang, and former senior executive Nishad Singh over the $220 million acquisition of stock-clearing platform Embed, alleging lack of due diligence.

16.05 / 19:47

Blockchain Technology Adoption Scams Fraud Tech Bitcoin Crypto scams Can you recover stolen Bitcoin from crypto scams?

The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has led to an increase in scams and other fraudulent practices that prey on the gullible. Numerous people have suffered significant financial losses as a result of falling for different crypto scams, such as phishing, rug pulls and hacker attacks.

16.05 / 15:45

Blockchain security Fraud Hardware Wallet Bitcoin ‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices.

12.05 / 14:13

Technology Adoption Cybersecurity security Fraud Cybercrime Tech How to protect your identity online

In today’s digital age, protecting one’s identity online is more crucial than ever. The internet has facilitated communication and information sharing between people, but it has also facilitated identity theft and the theft of personal data by hackers. This article will go through some practical strategies for protecting your online identity.

11.05 / 13:21

Law scam Legal Fraud Scammer Notorious Crypto Scammer Nicholas Truglia Arrested in Florida for Fraud and Gun Possession

Nicholas Truglia, known for his engagement in a massive cryptocurrency theft, has been arrested again in Florida over allegations of fraud and carrying a concealed weapon.

11.05 / 10:27

Technology Adoption Cybersecurity Fraud Machine Learning Tech Can artificial intelligence create more jobs?

Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run.

09.05 / 18:25

business Fraud FTX OKX Bankruptcy OKX just sent $60M in USDT, MASK token to Alameda Research

On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence.

03.05 / 23:59

business NFT regulation Trading Fraud crimes Jury convicts former OpenSea manager in NFT-insider trading case

The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.

03.05 / 21:13

business Blockchain Technology Investments Fraud elon AI tokens State regulators crack down on fraudulent cryptos promoted as 'Elon Musk AI Tokens' and 'TruthGPT Coin'

The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what they claim is a fraudulent securities scheme attempting to capitalize on the growing buzz around artificial intelligence (AI).

28.04 / 09:37

CFTC Fraud Bitcoin penalty Largest Bitcoin Fraud Scheme Results in $3.4B Penalty in a Case Brought by CFTC

A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.

28.04 / 01:23

business regulation Fraud Police FBI Bankruptcy Former FTX exec Ryan Salame’s home searched by FBI: Report

The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.

27.04 / 23:19

business Fraud FTX exchanges 'The war room was despondent' — Scaramucci recounts FTX collapse at Consensus

On April 27, SkyBridge Capital founder Anthony Scaramucci revealed what the final days of FTX were like, claiming that most employees of the failed crypto exchange probably didn’t know what its executives were doing behind closed doors until it was too late.

22.04 / 06:17

business regulation SEC Fraud Court Terraform Labs Terra Lawyers Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

The lawyers representing Terraform Labs co-founder Do Kwon reportedly argued in court against the allegations pressed by the US Securities and Exchange Commission (SEC). The federal agency had sued Kwon for allegedly defrauding US investors by illegally offering unregistered securities.

13.04 / 15:09

Ethereum Adoption Binance Fraud Bitcoin Today in Crypto: US Authorities Crack a $3.4 Billion Silk Road Heist Case, Striga Launches Program for Entities to Issue Crypto Cards, Push Protocol Reveals ‘Wallet-to-Wallet’ Video Chat

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

12.04 / 09:01

Investments Altcoin Fraud banking Bitcoin Brooklyn court charges former banker for allegedly defrauding crypto investors

The federal court in Brooklyn, New York, charged a former investment banker and registered broker for allegedly defrauding numerous investors by promising profits on fake cryptocurrency investments and misappropriating the funds received to finance his lifestyle.

06.04 / 20:49

business Government regulation Fraud Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’

The Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert addressing the “alleged cryptocurrency exchange” known as Eucoinotrade.

04.04 / 16:15

Ethereum Hack coinbase security Fraud BitMEX Lost Today in Crypto: $437,483,543 Lost to Crypto Hacks & Frauds in Q1, Italian Man Swindled Out of $1.8M, Metaco Partners with VP Bank

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

04.04 / 09:35

Provident Target Progressive Fraud A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?

A “significant” rise in the number of fraudulent crypto exchanges targeting Russians and Russian-speaking crypto traders has been detected, a new report has found.

31.03 / 21:17

CFTC regulation Fraud National National Futures Association adds rules for members handling digital assets

The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018.

31.03 / 17:27

Technology NFT Scams Fraud Tech Tech Analysis play AI has a role to play in detecting fake NFTs

Beyond all the good a permissionless internet promises, it also makes it convenient for anyone to freely mint pirated nonfungible tokens (NFTs). There are in fact over 90 million fake copies of NFTs. Because in a permissionless system, what’s to stop bad actors from creating copymints to scam unsuspecting users or damage a brand’s reputation?

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