Telegram’s financial woes continue as CEO faces criminal charges, TON price reacts

Telegram’s ambitions for a lucrative initial public offering (IPO) within the next two years are now in serious jeopardy following criminal charges brought against the company’s chief executive, Pavel Durov.

274 +

First Mover Americas: FTX Faces Criminal Charges

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

309 +

Ripple CTO Explains What Recent Securities Fraud Case Means for Crypto

MoviePass executives are facing criminal charges after misrepresenting its business model

373 +

Bitcoin Association pursuing criminal charges against miner mining empty blocks

Bitcoin Association, a non-profit responsible for the Bitcoin SV (BSV) blockchain, has revealed intentions to freeze block rewards and sue a malicious miner for breach of contract, according to an Oct 16 press statement.

238 +

Bitcoin Association Wants to Freeze Block Rewards Associated with Bitcoin Miner

Bitcoin Association seeking to pursue criminal charges against malicious miner who is affecting honest market participants

312 +

Mango Market's DAO forum set to approve $47M settlement with hacker

Over 98% of voting tokens favor the deal, which also stipulates that Mango Markets won't pursue criminal charges.

236 +

Facebook sued in Australia for fake crypto ads

A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age. The post Facebook sued in Australia for fake crypto ads appeared first on CryptoSlate.

398 +

Justin Sun Denies Facing Criminal Charges in Response to The Verge Article

Justin Sun has denied “false” accusations in a report published by The Verge, which alleged that the controversial entrepreneur could be potentially facing a litany of criminal charges

368 +

Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate.

394 +

Tether’s Collapse Would Be Chaotic, Not Cataclysmic

Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.

250 +

California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla

The U. S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.

294 +

John McAfee: Praise And Conspiracy Theories Follow The Death Of The Antivirus Software Mogul

John McAfee, the founder of the antivirus software company McAfee, was found dead in his cell in Spain, apparently by suicide, just hours after the country’s highest court approved his extradition to the United States, where he was wanted on tax-related criminal charges carrying a maximum sentence of 30 years in prison. John McAfee: Crypto […]

411 +

Trader Confesses Cryptocurrency Addiction Led to Criminal Charges, Hospital Treatment

A British man has shared his story of how his cryptocurrency addiction has led to criminal charges and landed him in a hospital for addiction treatment. He lost more than a million dollars of other people’s money trying to duplicate his previous success in cryptocurrency trading.

330 +

Criminal Charges Against John McAfee Are Warning to All Crypto Users: McAfee’s Legal Defender

Crypto baron in disfavor John McAfee is certain that all IRS charges against him are nothing more than an attack against crypto

319 +

BitMEX Co-Founder Released on $20 Million Bond

The criminal charges brought against Delo accuse him of violating the U. S. Banking Secrecy Act during his time at BitMEX.   Delo traveled to New York for his arraignment before the court on March 15 in a remote proceeding.

275 +

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US

Three people have been charged in the U. S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges.

391 +

‘Coin Signals’ Trader Arrested on $5M Crypto Fund Fraud Charges

Jeremy Spence bilked his investors out of $5 million, according to a criminal complaint.

339 +

31 Bitcoins Worth Over $1 Million Recovered From Jailed Hacker

The Indian police have reportedly recovered $1.1 million worth of Bitcoins from a 25-year-old jailed hacker, Srikrishna, who possessed the assets through fraudulent deeds. Srikrishna, a computer science graduate, who is also called Sriki among his peers, is allegedly a drug dealer and has been previously convicted and arrested over several criminal charges. Aside from […]

492 +

Julian Assange’s Extradition to US Blocked Over Mental Health Concerns

A judge at the U.K.'s Central Criminal Court ruled Monday that there would be a "high risk" of suicide if Assange was sent to face charges in the U.S.

386 +

South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam.

349 +

Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife.

437 +

BREAKING: Ripple's Board Member Gets Arrested

Long-serving Ripple board member Ken Kurson is currently facing criminal charges

315 +

Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.

334 +

NZ Man Charged in Money Laundering Scheme, Crypto & Luxury Cars

A New Zealand man has been charged with money laundering that allegedly involves shady crypto transactions and luxury car purchases. According to reports from the New Zealand Herald, the 40-year-old defendant appeared in court Thursday and faces some 30 criminal charges, including money laundering, that allege he was given thousands of dollars to purchase cryptocurrency.

461 +

BitMEX operator hires chief compliance officer amid US criminal charges

The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States.

369 +

Kraken Financial Chief: Cheyenne Is the New Boise of Technology

Kraken couldn’t have picked a better time to launch a regulated U. S. bank. With reminders such as BitMEX reeling from criminal charges, John McAfee awaiting extradition in Spain and KuCoin suffering a hack, it’s clear that crypto has yet to fully shake its Wild West reputation.

364 +

BitMEX CEO Arthur Hayes Steps Down Following Criminal Charges

307 +

Bitmex CEO Hayes Steps Down Following U.S. Criminal Charges

Arthur Hayes, chief executive officer of bitcoin derivatives exchange Bitmex, is stepping down from his position a week after U. S. prosecutors filed criminal charges against him. Hayes is leaving together with other top executives who are facing similar charges.

376 +

BitMEX exchange operator shuffles leadership in wake of criminal charges

BitMEX's operator has allocated new leadership roles with immediate effect.

260 +

SEC Files Criminal Charges Against John McAfee for Shilling 7 ICOs

280 +

‘Warning Shot’ for DeFi: Here’s Why BitMEX Charges are ‘Incredible Bearish’ for this Burgeoning Sector

Prosecutors in the United States filed criminal charges against BitMEX, accusing it of violating the federal Bank Secrecy Act. The CFTC has been investigating one of the biggest derivatives exchanges for some years now.

424 +

A ‘Big’ Positive Step Towards the Bitcoin ETF Approval

In terms of the price of Bitcoin, criminal charges on the popular cryptocurrency derivatives exchange BitMEX may be bearish, but the same isn’t true for the overall market. Just like it is bullish in the long term, this could help in getting the much-desired Bitcoin exchange-traded fund (ETF) an approval.

377 +

LINK Price Not Ready to Rebound, While Chainlink’s Proof of Reserve to Audit $1 Bln WBTC

Yesterday, the crypto market took a hit on the news of BitMEX facing criminal charges. Chainlink (LINK) was one of the top cryptos that reacted the most violently, losing 15. 3% of its value. At the time of writing, LINK has been trading at $8.

451 +

Here’s Why the BitMEX Criminal Charges Are ‘Bullish’ for Bitcoin’s Price & The Overall Market

As we reported, on Thursday, the US authorities brought criminal charges against the owners of the popular cryptocurrency derivatives platform BitMEX, accusing them of engaging in illegal transactions and allowing money laundering.

341 +

$242 Million in Bitcoin Flee BitMEX Following Criminal Charges

340 +

Bitmex Charged With US Rules Violations — Owners Face Criminal Charges, Prison

Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U. S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences.

292 +

BitMEX owners accused of money laundering and other illegal activities

Owners of one of the world’s biggest Bitcoin exchanges, BitMEX, have recently faced criminal charges which accuse them of using the exchange for laundering money and conducting other criminal activities.

392 +

BitMex denies CFTC and DoJ allegations, says trading will continue

Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual.

355 +

Bitcoin Price Crashes $450 on BitMEX CEO Arthur Hayes & Other Founders Indicted on Criminal Charges

CFTC has charged BitMEX with illegally operating a derivatives trading platform. Back in July 2019 U. S. Commodity Futures Trading Commission (CFTC) started investigating the exchange with a focus on allowing Americans to trade on the platform while not being registered with the agency.

441 +

Us Federal Court Ruling — Bitcoin Is a Form of Money

A US Federal Court said Friday that bitcoin is a form of money covered under the Washington D. C. , Money Transmitters Act (MTA). The court made this conclusion as it denied a motion to dismiss criminal charges against Larry Dean Harmon, the operator of an underground bitcoin trading platform.

473 +

Ex-Nissan Chief’s Son Paid $50,000 in Cryptocurrency via Coinbase to Help him Escape

Anthony Ghosn, son of Carlos Ghosn, the former Nissan Motor Co. chairman, made about $50,000 in cryptocurrency payments to an American man who helped his father escape criminal charges in Japan. The Jr.

400 +

Coinbase Processed $500,000 in Bitcoin Payments That Helped Ex-Nissan Chairman Flee Japan

Coinbase processed $500,000 in bitcoin payments that aided the dramatic escape of former Nissan Motor Co. chairman Carlos Ghosn from Japan, according to Bloomberg. In December, two Americans used a box to smuggle Ghosn out of the Asian country, where he was facing criminal charges for embezzlement and financial manipulation.

342 +

$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism and Drug Trafficking

The U. S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.

298 +

Upbit Exchange Execs Cleared of Fraud Charges in South Korea

The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges. Insufficient Evidence Against Upbit Chiefs Delivering judgment on the matter, Deputy Judge Oh Sang-yong dismissed the 30-count criminal fraud and market manipulation charges leveled against the Upbit directors for lack of evidence.

363 +

Multi-Billion Dollar Bitcoin Launderer is Charged in France

Russian citizen Alexander Vinnik, suspected of assisting criminals in laundering billions, was extradited to France where he will face criminal charges. Major suspect in a money-laundering operation to be charged in France Alexander Vinnik, a Russian citizen, was arrested in Greece back in 2017 due to his suspected involvement in a massive money-laundering operation that allegedly involved billions of dollars.

342 +

US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine

Operator of an allegedly fake crypto mine faces criminal charges from the SEC for fraudulent securities offerings worth $3.5 million

413 +

Ethereum Proponent Virgil Griffith Deemed a Flight Risk, Judge Denies Bail

U. S. law enforcement filed in November criminal charges against Ethereum researcher Virgil Griffith because he traveled to North Korea and taught “his audience how to use blockchain technology.

345 +

Accused Onecoin Co-Conspirators Fight Criminal Charges in the US

The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion.

350 +