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Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
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Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
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Life on the Run- An Insiders Look at John McAfee on the Run
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Executives of Korean Exchange Sentenced to Jail for Faking Volumes
Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Prison Sentences Two executives of South […]
The post Executives of Korean Exchange Sentenced to Jail for Faking Volumes appeared first on Bitcoin News.
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Officials at Top Korean Cryptocurrency Exchange Upbit Indicted for Fraud
Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. Upbit has denied the charges and insisted that it did not commit fraud, engage in wash trades, or trade cryptocurrencies it did not own. […]
The post Officials at Top Korean Cryptocurrency Exchange Upbit Indicted for Fraud appeared first on Bitcoin News.
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Regulations Round-Up: 21-Year-Old Arrested, Coinbase Files for Patent
In recent news pertaining to cryptocurrency regulations, Alibaba and Tencent are collaborating with Chinese authorities to monitor and prevent peer-to-peer cryptocurrency trading via their respective mobile payments platforms, a 21-year-old has been indicted for operating an unlicensed cryptocurrency exchange, and Coinbase has filed with the U.S. Patent and Trademark Office for a mechanism designed to […]
The post Regulations Round-Up: 21-Year-Old Arrested, Coinbase Files for Patent appeared first on Bitcoin News.
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Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework
A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. […]
The post Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework appeared first on Bitcoin News.
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