OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme. Go to Source
Fraud
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Petition hopes to stop US government agencies from using Chainalysis’ forensics
According to the petition on Change.org, Chainalysis’ unproven technology can lead to an assortment of privacy violations. Go to Source
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said. Go to Source
Court rules in favor of HelbizCoin investors, class lawsuit to go ahead
A U.S. District Court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws. Go to Source
Judge dismisses class-action suit against Uniswap over token scam losses
The judge showed rare understanding of DeFi technology and stated the defendants would do better to address their complaints to Congress. Go to Source
Ensuring integrity of blockchain transactions: Trust through audits
Reliable auditing procedures are important for ensuring the integrity of blockchain networks. Go to Source Powered by WPeMatico
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case
Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too. Go to Source Powered by WPeMatico
National Australia Bank joins crypto exchange boycott, cites ‘scams’
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams. Go to Source Powered by WPeMatico