Venezuela arrests 21 people in crypto-related oil corruption scheme

Venezuelan prosecutors arrested 21 people for being involved in a wide-range crypto-related corruption scheme on state oil company Petroles de Venezuela SA (PDVSA) on March 24, as Reuters reported. дальше »

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Self-Proclaimed Crypto ‘King’ Kidnapped And Tortured For Ransom – Details

Self-professed crypto “king” Aiden Pleterski’s scheme was supposed to make him a fortune. Instead, it led to an ordeal that lasted for days.  Pleterski was kidnapped and beaten by his captors, who demanded a hefty ransom, according to new details released earlier this month, recently obtained by CTV News Toronto. According to the Canadian news […] дальше »

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SEC Sues Jake Paul for 'Illegally Touting' Justin Sun-Linked Cryptos

The securities regulator said Paul participated in a scheme to illegally promote TRX and/or BTT. дальше »

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Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.

OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014. дальше »

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Crypto investment fraud in the US hits record $2.57B – up 183% YoY

Cryptocurrency investment fraud in the United States was up almost 3x year-over-year in 2022 — making investment fraud the “costliest scheme reported,” according to the FBI’s 2022 internet crime report. дальше »

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NFTs Used to Serve Court Papers in Victory Against Hackers

A hacking victim has submitted court papers as NFTs and won the case. The ruling took place last week, where the plaintiff, who goes by the name Rangan Bandyopadhyay, lost almost $1 million in USDT in a hacking scheme back in December 2021. дальше »

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Base not a 'monetization scheme,' claims Coinbase CEO Armstrong

Coinbase CEO Brian Armstrong addressed Base in a recent podcast Armstrong confirmed that the layer 2 blockchain has no plans to issue a token Coinbase CEO Brian Armstrong recently appeared iThe post Base not a 'monetization scheme,' claims Coinbase CEO Armstrong appeared first on AMBCrypto. дальше »

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Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme

The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes. дальше »

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Utah Firm Accused Of Fraudulent Mining Scheme, Is SEC Against Crypto Mining?

Weeks later after its supposed crackdown on the crypto industry, the U. S. Securities and Exchange Commission (SEC) is still making it into the headlines. On March 3, the regulator filed a complaint against a Utah firm over an allegedly fraudulent crypto mining scheme. дальше »

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SEC Freezes Assets Of Miami-Based Crypto Hedge Fund In $100 Million Crypto Fraud Case

Another day, another SEC enforcement action. The U.S. securities watchdog has just filed an emergency action against Miami-based investment adviser BKCoin in connection with an alleged $100 million fraud scheme. дальше »

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SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme

The United States Securities and Exchange Commission said Green United’s operation was a fraud, with the community quick to quell fears of the SEC classing crypto mining as a security. дальше »

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SEC going after BKCoin and Kang over fraud allegations

The US SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme.  дальше »

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SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

The U.S. Securities and Exchange Commission (SEC) was granted emergency relief by a Florida court on Monday to freeze and appoint a receiver for the assets of Miami-based crypto hedge fund BKCoin and one of its co-founders, Kevin Kang. дальше »

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US SEC freezes assets of BKCoin for orchestrating crypto fraud scheme

The US SEC filed an emergency action against a crypto hedge fund alledging crypto fraud The commission claims that the firm and its former co-founder misappropriated investor funds The UniteThe post US SEC freezes assets of BKCoin for orchestrating crypto fraud scheme appeared first on AMBCrypto. дальше »

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Voyager Digital's Reward Program Lost $58M in 2022: Court Filing

Rewards program included high-yield interest accounts, a refer-a-friend scheme, and a mechanism to share in the spread of trades should they execute at a lower asking price. дальше »

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Former co-lead engineer of FTX charged by SEC

The Securities and Exchange Commission (SEC) has taken action against Nishad Singh, the former co-lead engineer of FTX, for his involvement in a multiyear scheme to defraud equity investors.  Singh, who co-founded the FTX crypto trading platform with Samuel Bankman-Fried… дальше »

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Former FTX Executive Nishad Singh Enters Guilty Plea In Crypto Exchange’s Fraud Case

Nishad Singh, the former director of engineering for defunct cryptocurrency exchange FTX, pleaded guilty on Tuesday to fraud charges lodged against him by U.S. prosecutors for his role in the alleged scheme. дальше »

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OKX Seizes $2M in USDT From Accounts Allegedly Involved in Market Manipulation

OKX will reimburse victims $3 million after an alleged GameFi market manipulation scheme that saw five accounts accrue The post OKX Seizes $2M in USDT From Accounts Allegedly Involved in Market Manipulation appeared first on BeInCrypto. дальше »

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Australian accused of $5 million bushfire crypto extortion scheme

A Melbourne man is currently facing extortion charges after allegedly threatening to start a bushfire if a considerable amount of cryptocurrency was not transferred to him. дальше »

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Former co-lead engineer of FTX charged by SEC for fraud

Nishad Singh, the ex-Co-Lead Engineer of FTX Trading Ltd, has been charged by the SEC for actively participating in a multi-year scheme to deceive equity investors of FTX. дальше »

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‘Largest NFT Dump Ever’ by Whale

The dumping of 1,010 NFTs by a prominent whale may be a symptom of the new Blur marketplace rewards scheme. A known ‘whale’ named Machi Big Brother dumped 1,060 non-fungible tokens over a 48-hour selling spree. дальше »

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US DoJ indicts Forsage founders in $340m Ponzi scheme

The United States Department of Justice (DoJ) has charged four founders of Forsage for orchestrating the multi-million dollar global DeFi Ponzi and pyramid scheme. If convicted, the defendants could spend up to 20 years in prison. DoJ indicts Forsage founders … дальше »

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США обвинили нескольких россиян в создании криптопирамиды на $340 млн

Суд в США обвинил четырех россиян в организации и продвижении криптовалютной пирамиды Forsage, жертвы которой по всему миру потеряли приблизительно $340 млн. Forsage Founders Indicted in $340M DeFi Crypto Scheme First Charged Criminal Fraud Case Involving a DeFi Ponzi Schemehttps://t. дальше »

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CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets

The commission alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether and misappropriated a portion of the funds in a Ponzi-like scheme. дальше »

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Whale Associated with Chinese Ponzi Scheme Becomes The Fifth Biggest MATIC Holder

According to the on-chain blockchain security and data analytics company PeckShield, a wallet address associated with a Chinese multilevel marketing (MLM) Ponzi project has amassed more than 22. 37 million MATIC in the past few days. дальше »

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This Chinese MLM Ponzi Is Now the Fifth-Biggest Polygon (MATIC) Holder

A Chinese multilevel marketing (MLM) Ponzi scheme is now the fifth-biggest holder of MATIC, according to recent on-chain data. The post This Chinese MLM Ponzi Is Now the Fifth-Biggest Polygon (MATIC) Holder appeared first on BeInCrypto. дальше »

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Ex-Coinbase manager pleads guilty to insider trading charges

A former employee of global crypto exchange Coinbase Global Inc. (NASDAQ:COIN) has pleaded guilty to charges related to a crypto insider trading case. Ishan Wahi, who was charged with participating in a scheme that saw him share insider information about Coinbase’s listing of tokens, pleaded guilty on Tuesday. дальше »

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EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme

Alexandre is now expected to plead guilty for his role in an alleged fraud that federal prosecutors say duped investors out of $59 million. дальше »

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Brazilian crypto pyramide Indeal was declared bankrupt

The investment company Indeal is recognized as a pyramid scheme, and the management is accused of causing harm to more than 23 thousand clients in the amount of over $ 200 million. The court of the Brazilian city of Porto Alegre has received a notification that the investment company Indeal, accused of creating a cryptocurrency […] Сообщение Brazilian crypto pyramide Indeal was declared bankrupt появились сначала на Coinstelegram. дальше »

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Peter Schiff Knew Celsius Network Was Ponzi, Wonders Why Regulators Did Not

Bitcoin critic said he knew Celsius network was Ponzi scheme all along дальше »

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My Big Coin founder sentenced to 8 years for defrauding investors

U.S. District Court Judge Denise Casper sentenced the founder of a multi-million fraudulent crypto scheme to eight years. The team amassed $7.6 million and spent it on a house, cars, and other The post My Big Coin founder sentenced to 8 years for defrauding investors appeared first on AMBCrypto. дальше »

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Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release. дальше »

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Celsius dubbed Ponzi scheme in official report 

The court-appointed independent examiner in the bankruptcy case of crypto lender Celsius has filed a final report, confirming the company's operation as a Ponzi scheme. дальше »

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Celsius Was Operated in a Ponzi-Like Manner: Report

Celsius was pushing up the price of its CEL token by using customer funds, a new report has found. Even employees commented on how ponzi-like the scheme appeared. A Ponzi... дальше »

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First Mover Americas: Celsius Network Accused of Running a Ponzi Scheme

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. дальше »

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Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner

Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme дальше »

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This CEO Claims SHIB Is Pyramid Scheme, John Deaton Shares Why SEC Is Wrong About XRP Status, Shiba Eternity Game Gets Upgrade: Crypto News Digest by U.Today

Don’t miss the latest events in the world of crypto with U.Today’s news digest! дальше »

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SHIB Army Strikes Back at Former Big SHIB Burner Who Slammed Shiba Inu as Pyramid Scheme

CEO of Bigger Entertainment and former SHIB enthusiast stands his ground, calling Shiba Inu pyramid scheme дальше »

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This CEO Claims Shiba Inu (SHIB) Is Pyramid Scheme

Steven Cooper, Bigger Entertainment's CEO, has accused Shiba Inu (SHIB) of being pyramid scheme дальше »

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BlockFi Desperate to Retain Talent Despite Bankruptcy 

BlockFi asks court for ruling on retention scheme first proposed in November 2022.

The post BlockFi Desperate to Retain Talent Despite Bankruptcy  appeared first on BeInCrypto.

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Grogan blasts alleged front-running scheme at Binance

The head of product and business operations at Coinbase, Conor Grogan, has slammed Binance for allowing unknown actors to front-run trades. дальше »

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US SEC charges Mango Markets exploiter for stealing $116m

Avraham Eisenberg has been charged by SEC for executing a scheme that manipulated the price of MNGO, a governance token on the Mango Markets trading platform. дальше »

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JPMorgan CEO says Bitcoin is ‘a hyped-up fraud’

JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud. дальше »

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How Social Media Influencers Fed Bankman-Fried's Cult of Personality

Creators took money that was likely stolen from FTX customers to promote a Ponzi scheme. If they truly care, they should take the money they received from FTX and either return it to the bankruptcy estate or donate it all to charity. дальше »

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Self-Proclaimed Satoshi Craig Wright Sees No Bitcoin (BTC) Narrative Outside Pyramid and Ponzi Scheme

Bitcoin (BTC) is not effective payment system as it has 'no utility and no use,' Craig Wright says дальше »

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Binance And Huobi Freeze Funds Linked To $100M Harmony One Hack, 124 BTC Recovered

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Masterminds Behind Massive Bitcoin Fraud Scheme Jailed

Today marks bittersweet victory for victims of massive Bitcoin fraud scheme as four key figures involved in conspiracy were jailed дальше »

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South Korea’s V Global CEO gets 25 years in prison for $2b crypto pyramid scheme 

The South Korean Supreme Court has upheld existing judgments from the local court and slammed a 25-year jail term on V.Global CEO for $2bn fraud. дальше »

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BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter

A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018. дальше »

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Bitconnect victims to receive $17m in compensation

Almost four years after the Bitconnect Ponzi scheme's demise, hundreds of investors will share in $17 million restitution. дальше »

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