Fraud Financial News

28.02 / 22:37

business Blockchain Fraud FTX Former FTX Director to reportedly plead guilty to fraud charges

Nishad Singh, former director of engineering at FTX, is expected to plead guilty to fraud charges brought by U.S. prosecutors who are investigating the now bankrupt FTX cryptocurrency exchange, Reuters reported on Feb 28.

23.02 / 06:31

Ethereum regulation SEC Department Of Justice Fraud DApp Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.

22.02 / 15:25

Ethereum Microsoft Polygon security scam Fraud blockchain security firm Blockchain Security Firm PeckShield Uncovers New Crypto Scam That Pretends To Be Affiliated With ChatGPT

Blockchain security firm PeckShield has found a number of scam tokens looking to profit from the ChatGPT AI chatbot craze.

22.02 / 09:05

Law regulation Fraud vpn Court Lawyers bail SBF lawyers to pay for technical expert to aid judge on bail terms

Attorneys working on behalf of former FTX CEO Sam Bankman-Fried have agreed to pay for a security expert to assist the federal judge overseeing his fraud case in navigating modern encryption technology to aid in possibly modifying Bankman-Fried's bail terms.

20.02 / 18:07

Ethereum Hackers hacks Fraud crimes Cybercrime Fake Ethereum Denver website linked to notorious phishing wallet

A fake website of the popular Ethereum Denver conference is the latest phishing target of a red-flagged smart contract that has stolen over $300,000 worth of Ether (ETH).

18.02 / 01:25

regulation Fraud FTX Bankruptcy Deal Former FTX exec will plead guilty to federal charges with a deal: Report

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said.

17.02 / 10:39

business Blockchain Stablecoin SEC security Fraud Court Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

The United States Securities and Exchange Commission’s (SEC's) lawsuit against Terraform Labs and its co-founder Do Kwon could be seen as an SEC “roadmap” to taking down other stablecoins, according to a lawyer.

17.02 / 07:23

Ethereum defi Scams Fraud Pump and Dump PUMP Crypto investors spent $4.6B buying 'pump and dump' tokens last year

Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.

17.02 / 07:23

regulation Fraud vpn FTX Court Messaging App Fried bail FTX's Bankman-Fried could 'conceivably' get bail revoked, says judge

Former FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe he may have engaged in attempted witness tampering.

16.02 / 04:49

business Fraud vpn Court Smartphone bail play SBF won’t be able to play League of Legends under proposed bail changes

Sam Bankman-Fried, the former CEO of crypto exchange FTX may no longer be able to play League of Legends and other video games if newly proposed changes to his bail conditions from United States prosecutors are approved.

13.02 / 07:43

business Law Department Of Justice Fraud Court Crypto, forex platform CEO pleads guilty in $248M fraud scheme

Eddy Alexandre, CEO of purported crypto trading platform EminiFX has pleaded guilty to commodities fraud in a New York district court, agreeing to pay back millions to investors who lost funds to his "cryptocurrency investment scam.

08.02 / 01:19

markets business Blockchain Technology Fraud Former Coinbase product manager pleads guilty in insider trading case

Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency.

07.02 / 06:09

business defi Hackers Scams Fraud phishing Lobby 'Haunts me to this day' — Crypto project hacked for $4M in a hotel lobby

The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome.

07.02 / 04:33

business regulation Fraud WhatsApp FTX Bankruptcy Lawyers Fried Sam Sam Bankman-Fried lawyers reach agreement on use of messaging apps

Sam Bankman-Fried’s (SBF's) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps.

05.02 / 04:31

business regulation Scams Fraud us government Press Release New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers

The New Jersey Bureau of Securities has ordered three website operators to stop luring romance-seeking victims into their fraudulent cryptocurrency investment schemes.

03.02 / 17:05

business Technology Adoption regulation Fraud Banks 5 biggest economic bubbles in history

An economic bubble is a time of fast economic expansion that is driven by speculative enthusiasm and excessively high asset prices. A bubble is characterized by an increase in demand for an asset, such as commodities, stocks or real estate, which drives up its price. A number of factors, including easy access to credit, low interest rates and investor optimism, frequently combine to create financial bubbles.

01.02 / 05:53

business regulation Scams Fraud Forex investigation Crypto scammers abuse 'lax' UK company laws to fool victims: Report

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.

01.02 / 05:53

business regulation Fraud us government Gold marketing advertisement Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme.

31.01 / 17:39

Blockchain NFT Web3 Non-fungible tokens scam Fraud DAI CertiK Report Reveals a Strange Twist Behind the ‘Monkey Drainer’ Scam

The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership.

30.01 / 13:13

scam Fraud Canadian Resident Heartbroken After Falling Victim to Crypto Scam, Loses Home and Almost $500K – Here’s What Happened

An Ontario man has allegedly lost his home plus his entire life savings after falling victim to a crypto scam.

28.01 / 09:07

regulation Fraud FTX Encryption US prosecutors seek to ban SBF from Signal after alleged witness contact

Federal prosecutors have requested that former FTX CEO Sam Bankman-Fried's (SBF) bail conditions are modified to prevent further alleged attempts at influencing witnesses’ testimonies.

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