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Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]Powered by WPeMatico
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.
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Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud scheme. Italian Authorities Accuse Bitgrail Owner of Faking Hacks That Led Exchange’s Bankruptcy According to Reuters, the 34-year-old from Florence known by his initials F.F. […]
The post Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy appeared first on Bitcoin News.
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Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money from millions of customer accounts to unauthorized accounts, and misusing customers’ sensitive […]
The post Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers appeared first on Bitcoin News.
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Belgium’s Financial Services and Markets Authority has updated the list of websites it says are cryptocurrency trading platforms showing signs of fraud. Twenty-one websites have been added to the existing list, bringing the total to 99 blacklisted sites. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 New Suspect Sites The Belgian Financial Services […]
The post Belgium Adds 21 Websites to List of Fraudulent Cryptocurrency Trading Platforms appeared first on Bitcoin News.
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The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states’ securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the […]
The post Two US States Issue Cease and Desist Orders Against Five ICO Issuers appeared first on Bitcoin News.
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The U.S. Financial Industry Regulatory Authority has taken its first disciplinary action involving cryptocurrencies. The authority charges a broker with fraudulent and unlawful distribution of unregistered crypto securities. The owner allegedly “attempted to lure public investment in his worthless public company” by issuing “the first minable coin backed by marketable securities.” Also read: 160 Crypto Exchanges […]
The post US Financial Industry Regulatory Authority Issues Its First Crypto Disciplinary Action appeared first on Bitcoin News.
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Belgium’s Financial Services and Markets Authority (FSMA) has published a list of cryptocurrency platforms showing signs of fraud. The list currently contains 78 crypto platforms, including 28 platforms added on Tuesday. Despite warnings, the FSMA continues to receive complaints from consumers about these crypto firms. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]
The post Belgium Warns of 28 New Fraudulent Crypto Platforms – 78 in Total appeared first on Bitcoin News.
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The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. A token offering and a mining firm are among those targeted by the securities board as selling fraudulent “cryptocurrency-related investments.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Emergency Action […]
The post Texas Regulator Issues Cease and Desist Order to a Network of Crypto Companies appeared first on Bitcoin News.
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Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of […]
The post Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy appeared first on Bitcoin News.
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