CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up. Go to Source Powered by WPeMatico
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Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud
A crypto escrow executive has pled guilty to defrauding his client out of $3.25 million. Go to Source Powered by WPeMatico
Indian man arrested on charges of crypto fraud via ‘Morris Coin’ scheme
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud. Go to Source Powered by WPeMatico
Police summon Bithumb chairman for questioning over alleged fraud
Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in. Go to Source Powered by WPeMatico
Alleged crypto Ponzi scheme targeting Spanish speakers freezes user funds
Researchers are warning that the supposed scheme could have swindled billions. Go to Source Powered by WPeMatico
Many blockchain projects have ‘smoke-and-mirror’ strategies: Avalanche CEO
Too many make strong claims without evidence. Go to Source Powered by WPeMatico
DeFi: A shrinking window of opportunity
With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions. Go to Source Powered by WPeMatico
Alongside today’s sanctions, the US charges operators of Russian troll farm with fraud for using U.S. IDs to start crypto accounts
New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts. Go to Source Powered by WPeMatico
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to … Read more
Singapore man pleads guilty to stealing $360K in fake Bitcoin sale
The cases of the robber’s two accomplices are still pending. Go to Source Powered by WPeMatico