Fraud Financial News
30.03 / 15:29
Blockchain
Ethereum
Crime
Google
security
Fraud
Bitcoin
Premium
Today in Crypto: Malware Disguised as Tor Used to Steal $400,000 in Crypto in 2023, Telegram Premium Can be Purchased with TON, Boerse Stuttgart Digital Licensed by BaFin for Crypto Custody Business
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
30.03 / 02:17
business
regulation
fees
Fraud
FTX
Insurance
Court
Lawyers
creditors
FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed
Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.
28.03 / 06:45
business
Law
Report
Fraud
Interpol
Terraform Labs
Terra
Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report
Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry.
24.03 / 02:21
business
regulation
Altcoin
Fraud
us government
Do Kwon faces fraud charges from US prosecutors hours after arrest
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.
22.03 / 13:23
business
Blockchain
Adoption
VISA
Fraud
Smart Contracts
phishing
Visa: Token bridges were a favored target for thieves in 2022
According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors.
22.03 / 09:23
regulation
Department Of Justice
Scams
Fraud
Money laundering
FBI
Extradition
compliance
OneCoin head of compliance facing 40 year sentence after US extradition
United States federal prosecutors have charged a former executive of the fraudulent cryptocurrency scheme OneCoin for her role in the operation, who now faces up to 40 years in prison after being extradited from Bulgaria.
20.03 / 17:45
16.03 / 19:31
Ethereum
security
Legal
Fraud
tornado
Today in Crypto: 45% Jump in Payment Fraud Attacks on Crypto Exchanges, Court Rejects Reason to Halt Binance.US’ Acquisition of Voyager, India & UAE Partner on CBDC Plans, Xapo Bank Integrates with the Faster Payment System
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
16.03 / 10:31
business
Fraud
FTX
Court
SBF’s inner circle received $3.2B, mainly from Alameda: Court filings
FTX and Alameda Research’s former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm’s restructuring.
14.03 / 23:25
markets
business
Blockchain
Fraud
Banks
banking
Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial officer, Stephen Wyremski, and chief operating officer, Eric Howell, for allegedly committing fraud Reuters reported.
14.03 / 03:53
business
Blockchain
Stablecoin
SEC
Fraud
FBI
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May.
13.03 / 21:49
Law
regulation
Fraud
Banks
Silicon Valley
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis.
11.03 / 01:17
business
Blockchain
Technology
Fraud
FTX
Fried
Sam
bail
Sam Bankman-Fried's bail conditions still too lenient, says judge
On Mar 10, Reuters reported that the U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX cryptocurrency exchange founder Sam Bankman-Fried.
09.03 / 09:09
business
Fraud
crimes
FTX
Court
Trial
Lawyers
SBF’s lawyers signal need to push back October criminal trial
Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the former crypto exchange executive — to give him more time to prepare his defense.
09.03 / 05:37
business
regulation
Department Of Justice
Scams
Fraud
us government
Bitcoin
Prison
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.
08.03 / 08:57
business
regulation
coinbase
Scams
Fraud
Court
debate
Debate over 2FA using SMS after sim-swapping victim sues Coinbase
The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000.
06.03 / 20:09
Law
regulation
SEC
Fraud
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action.
06.03 / 07:59
Scams
Fraud
ATM
Bitcoin Scams
Bitcoin
Crypto scams
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams.
04.03 / 00:19
02.03 / 08:53
business
regulation
SEC
Gemini
Fraud
Court
Bankruptcy
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini.
01.03 / 23:13
CFTC
regulation
SEC
Fraud
FTX
SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case
Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pressing charges against Singh.
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