South Korean regulators target Bithumb in new probe
South Korean National Tax Service agency launches an investigation on Bithumb, according to local reports. Go to Source Powered by WPeMatico
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CoinMarketCap-led token airdrops ‘infected by fraud,’ crypto project claims
A crypto project claims a promotional token airdrop campaign led by CoinMarketCap was riddled with “fraud” that left its token price crumbling. Go to Source Powered by WPeMatico
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency.” Former … Read more
Magic Eden to refund users after 25 fake NFTs sold due to exploit
Over two dozen fake NFTs were sold on the Magic Eden marketplace over a 24-hour period due to a “massive exploit” on the platform. Go to Source Powered by WPeMatico
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb. Go to Source Powered by WPeMatico
Media Draws Attention to Sam Bankman-Fried’s 2 Visits While on House Arrest
After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed she managed to interview SBF, while Lewis … Read more
Crypto’s recovery requires more aggressive solutions to fraud
After 2022, we need to do more to assure skeptical users that they can invest in cryptocurrency without fearing that their funds will be lost. Go to Source Powered by WPeMatico
False alarm: DOJ did not classify MNGO as a commodity
Avi Eisenberg’s arrest on commodities fraud charges for the Mango Markets exploit raised eyebrows on crypto Twitter and required some processing to work through its intricacies. Go to Source Powered by WPeMatico
Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges
The Mango Markets exploiter previously called his attack on the crypto exchange “legal open market actions.” Go to Source Powered by WPeMatico
2 executives of crypto exchange AAX arrested in Hong Kong: Report
The former CEO of AAX, Weigao Capital Liang Haoming, and the founder of AAX, Thor Chan, were arrested on Dec. 23. Go to Source Powered by WPeMatico