JPEX crypto fraud case advances as prosecutors add new money laundering charges

The expanded charges highlight the increasing scrutiny on crypto activities, potentially leading to stricter regulations and investor caution. The post JPEX crypto fraud case advances as prosecutors add new money laundering charges appeared first on Crypto Briefing.

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Crypto scam targets law personnel; SEC charges accused

The officer faced charges of allegedly orchestrating fraudulent crypto schemes and misleading investors. The accused allegedly incurred substantial losses and misappropriated a significant portThe post Crypto scam targets law personnel; SEC charges accused appeared first on AMBCrypto.

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Crypto Heayweight Accused Of $290 Million Scam Among Other Charges

Crypto Israeli investor and prominent businessman Moshe Hogeg is set to face charges for his alleged involvement in a $290 million scam, according to a report by Bloomberg on Wednesday. Over the last two years, Hogeg has been investigated by the Israeli Police for allegedly duping thousands of investors through several proposed crypto businesses.  Related […]

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Tornado Cash co-founders charged by DOJ; one sanctioned by U.S. Treasury while the other arrested by FBI

The U. S. Department of Justice (DOJ) announced charges against two individuals who co-founded Tornado Cash on Aug. 23. The agency unsealed an indictment charging Roman Storm and Roman Semenov with various wrongdoings related to creating, operating, and promoting Tornado Cash — a once-popular Ethereum-based coin mixer that obscured crypto transactions.

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Israeli Police recommend charges against businessman Moshe Hogeg as global crackdown on crypto scams rages on

In a development that further underscores the escalating global crackdown on crypto scams, Israeli police have accused technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million in a series of cryptocurrency scams, according to Bloomberg.

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Israeli Crypto Entrepreneur Accused of Running $290 Million Scam

Israeli Moshe Hogeg faces charges related to a $290 million crypto scam.

The post Israeli Crypto Entrepreneur Accused of Running $290 Million Scam appeared first on BeInCrypto.

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FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.

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Fintech advisor Titan to pay $1m over SEC crypto charges

The US SEC has charged a New York-based investment adviser Titan with misleading disclosures related to client crypto assets. The US Securities and Exchange Commission (SEC) has declared formal charges against Titan Global Capital Management. The basis for these allegations…

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Former crypto bigwig SBF to face fresh charges days after a revoked bail

Former crypto influencer - SBF will be facing new charges for using customers funds for political donations The FTX founder is currently jailed at Metropolitan Detention Center after having hisThe post Former crypto bigwig SBF to face fresh charges days after a revoked bail appeared first on AMBCrypto.

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CFTC charges individuals with crypto fraud

The CFTC estimates that up to 14,000 people were duped.

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CFTC charges residents of Florida, Louisiana, Arkansas with crypto fraud

The regulatory body claims the defendants enticed over 14,000 individuals by creating false weekly returns.

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CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns.

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SEC Settles With Crypto Firm Quantstamp Over Securities Laws Violations

In a recent development, the United States Securities and Exchange Commission (SEC) has settled with crypto firm Quantstamp following charges of violating securities law which the SEC leveled against it.

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$49 million crypto fraud: SEC files charges against US firm

US SEC issues temporary restraining order against Utah-based DEBT Box for alleged $49 million crypto scheme fraud

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Binance May Face New Fraud Charges in the United States

Crypto exchange Binance, widely subject to regulatory scrutiny in its global operations, may now face legal action in the United States. The post Binance May Face New Fraud Charges in the United States appeared first on BeInCrypto.

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U.S. Department of Justice weighing Binance criminal charges against risk of market panic: Report

Semafor reports today that U. S. Department of Justice (DOJ) officials are deliberating potential fraud charges against the cryptocurrency exchange giant, Binance, but have concerns over protecting American investors already participating in crypto markets, citing sources familiar with the matter.

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BREAKING: DOJ Investigation Casts Shadow Over Binance, Sparks Fears Of Bank Run

Per a report from Semafor, the U.S. Department of Justice (DOJ) has been weighing on the possibility of filing fraud charges against crypto exchange Binance. The company has been in the eye of all major regulators worldwide in 2023 and might be about to face its biggest legal hurdle to date. Related Reading: Bitcoin Taker […]

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Binance could face fraud charges but US regulators are concerned over this factor

The US regulator is considering bringing in more charges against the world's largest crypto exchange However, the regulators fear the action would result in customers losing money Binance - The post Binance could face fraud charges but US regulators are concerned over this factor appeared first on AMBCrypto.

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US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report

Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022.

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SEC Continues Its Regulation By Enforcement Spree, Charges Richard Heart Of Hex With $1 Billion Securities Fraud

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‘I Feel God in This Crypto Scam Tonight:’ CFTC Charges Couple for $6M Scam

The U.S. Commodity Futures Trading Commission on July 25 accused Michael and Amanda Griffis of Clarksville, Tennesse, of allegedly defrauding more than 100 individuals through a cryptocurrency scheme, netting over...

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Divine Intervention: Crypto Scam ‘Blessings Of God’ Leads To CFTC Charges Vs. Couple

The Commodity Futures Trading Commission has filed charges against a husband and wife, accusing them of engaging in illicit crypto activities that defrauded more than a hundred individuals. The alleged scheme involved a digital assets commodity pool which they named “Blessings of God Thru Crypto.

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SEC charges Quantstamp over unauthorized ICO

In a clash between blockchain enterprise Quantstamp and the U.S. SEC, the murky legal waters of initial coin offerings and crypto regulations come to the forefront. Another legal skirmish has unfolded, this time involving the U.S. Securities and Exchange Commission…

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CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme

Despite having no trading experience, a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.

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Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money

Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the custodian to cease all activities amid a shortfall of customer funds.

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UK Regulatory Authority Declares Crypto Memes as Financial Advertisements

Proposed Regulations by UK Watchdog: Crypto Memes Could Lead to Criminal Charges and Disclaimers for Firms and Influencers The Financial Conduct Authority (FCA) in the United Kingdom has put forth a proposal that could potentially result in imprisonment for up to two years for individuals found in violation of financial promotion rules concerning crypto memes.

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Should you buy Coinbase shares after rallying 100% since the SEC charges?

On June 6, 2023, Coinbase, Inc. (NASDAQ:COIN) was charged by the Security and Exchange Commission (SEC) with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.

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Alex Mashinsky's Bail Set at $40M, Travel Restricted

The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.

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Ex-Celsius CEO Alex Mashinsky's Bail Set at $40M, Travel Restricted

The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.

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Crypto Thief Busted: DOJ Files Charges Against 25-Year-Old For OpenSea NFT Heist

The United States Department of Justice (DOJ) announced on July 10 the unsealing of a four-count indictment against Soufiane Oulahyane for a scheme to impersonate the OpenSea marketplace to obtain unauthorized access to cryptocurrency and non-fungible tokens (NFTs).

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New York DA Brings First-Ever Charges for Attack on Crypto Exchange’s Smart Contract

New York officials bring charges over an attack the directly targeted vulnerabilities in the smart contract of a cryptocurrency exchange. The post New York DA Brings First-Ever Charges for Attack on Crypto Exchange’s Smart Contract appeared first on BeInCrypto.

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Legal Intervention: Bored Ape Thefts On Counterfeit OpenSea Site Result In Charges

Amid the current uncertainty in the crypto and NFT market, a Morrocan man who created a forged version of the OpenSea digital marketplace has fallen into the hands of the US prosecutors. Earlier today, the authorities filed charges against Soufiane Oulahyane for allegedly embezzling over $400,000 worth of cryptocurrency and nonfungible tokens (NFTs), including two Bored […]

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U.S. Department of Justice Arrests Engineer Over $9M Crypto Theft

The U.S. Department of Justice arrested a security engineer on wire fraud charges, alleging he stole $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange.

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Russian Likely To Face Treason Charges For Allegedly Donating Crypto To Ukraine

According to recent reports, a Russian citizen named Alexander Vecherko from the Khabarovsk Krai region has been arrested by the secret service for allegedly donating cryptocurrencies to support the Ukrainian army.

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Coinbase moves to dismiss SEC charges, describes it as an ‘extraordinary abuse of process’

Crypto exchange Coinbase has filed a motion to dismiss the U. S. Securities and Exchange Commission’s (SEC) lawsuit against it, describing it as an “extraordinary abuse of process,” according to a June 28 filing.

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Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges

Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme.

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Bankrupt FTX Crypto Exchange Faces Further Setbacks, Anthropic AI Startup Sale Abandoned

Crypto exchange FTX has stopped the sale of AI startup Anthropic, despite multiple bidders showing interest. The judge has upheld most criminal charges against FTX's Sam Bankman-Fried. The post Bankrupt FTX Crypto Exchange Faces Further Setbacks, Anthropic AI Startup Sale Abandoned appeared first on BeInCrypto.

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American film star faces $50,000 crypto scam charges

Zachery Ty Bryan, who played Brad Taylor on "Home Improvement," faces accusations of involvement in a $50,000 cryptocurrency scam

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CFTC charges New York Man for defrauding users, including crypto holders, of over $21 million

CFTC is charging a NY resident, for defrauding around 100 users, including crypto asset holders, of more than $21 million

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Global Crypto Revenue To Reach $1.1 Trillion By 2030, GlobalData Reports

Following an unpleasant end to 2022, the cryptocurrency industry has been on an ascent in the first half of 2023, with a growing global crypto revenue. Although regulatory charges have been at an all-time high, especially in the United States, the positive trend of 2023 is expected to continue, as global crypto revenue has been […]

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Crypto Scammer and Former Terraform Labs CEO Do Kwon Sentenced to Jail

Do Kwon, once a celebrated figure in cryptocurrency, faces a four-month prison term for passport fraud. This comes amid ongoing charges of fraud following a digital tokens collapse, leading to a $40 billion loss.

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Binance.US Reaches Agreement With SEC On U.S. Operations Amid Ongoing Lawsuit

In the latest turn of events, Binance. US has struck an agreement with the United States Securities and Exchange Commission (SEC), allowing the crypto company to continue its operations even as it battles the fraud charges levied against it by the commission.

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Bitcoin and global crypto market falls after US SEC sued Binance and Coinbase | Weekly recap

The cryptocurrency market plummets following the US SEC's decision to file charges against Coinbase and Binance over securities laws violations

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Op-ed: Why the SEC should never touch crypto again [Part 2]

In the first part of this series, I discussed the U. S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.

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Op-ed: Why the SEC should never touch crypto again (Part 2)

In the first part of this series, I discussed the U. S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.

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US DoJ Indicts Two Russians for Hacking Mt. Gox Crypto Exchange

The U. S. Department of Justice (DoJ) has unveiled charges against two Russian individuals accused of orchestrating a cyber attack that led to the collapse of Mt. Gox, a prominent cryptocurrency exchange.

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Ex-SEC chair Jay Clayton says agency is having ‘blunt conversations’ on crypto; endorses ‘true stablecoins’

Jay Clayton, former chair of the U. S. SEC, commented on the agency’s current treatment of crypto in a conversation at Bloomberg Invest on June 8. Beginning on June 5, the U. S. Security and Exchange Commission filed charges against Binance and Coinbase.

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Breaking: DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft

The United States Department of Justice (DOJ) has announced the unsealing of charges related to the 2011 hack of the crypto exchange Mt. Gox and the operation of the illicit cryptocurrency exchange BTC-e.

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SEC lawsuits have hit crypto securities harder than crypto commodities

Quick Take This week, the Securities Exchange Commission (SEC) filed lawsuits against Binance and Coinbase. Among the charges, in both cases, it was alleged particular crypto tokens fall under the classification of “securities.

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