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Uphold rejected New York’s CredEarn settlement claims, saying the regulator misrepresented its role in Cred LLC’s collapse. The company agreed to more than $5 million in customer repayment while denying knowledge of alleged fraud or any intent to mislead customers. Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct. Customers … Read more
Ben Pasternak, the 26-year-old founder of Solana-based token launchpad Believe, was arrested in New York on charges of second-degree strangulation and assault as the platform’s native token trades 99.8% below its all-time high. A class action lawsuit alleges he systematically extracted $54 million in fees. Key Takeaways: Pasternak, 26, was charged with second-degree strangulation and … Read more
Cambodian authorities extradited billionaire Chen Zhi, head of Prince Group, to China on Jan. 7 after his arrest with two associates. He is accused of orchestrating one of the world’s largest crypto scams, involving forced labor “scam factories” in Cambodia. Major Breakthrough in Transnational Crypto Fraud Investigation Cambodian authorities announced Jan. 7 that they have … Read more
France unleashes sweeping charges against 25 suspects in violent crypto kidnapping plots, signaling a dangerous new frontier as digital wealth draws brutal real-world attacks. France Confirms 25 Arrests as Crypto Moguls Face Growing Street Threat French prosecutors said on Saturday that 25 individuals, including six minors, have been charged in connection with a wave of … Read more
The impeached South Korean president was taken into custody for questioning by South Korea’s Corruption Investigation Office on Jan. 15. Go to Source
The former crypto executive was previously arrested in Poland in 2021 over related matters but was released after 40 days. Go to Source
The US has laid charges against a group accused of a hacking spree, with one alleged victim being robbed of over $6.3 million worth of crypto. Go to Source
The decentralized betting platform CEO was reportedly targeted in an FBI raid, which saw his phone and electronics seized. Go to Source
A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities discovered incriminating … Read more
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $4 billion by … Read more