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The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation … Read more
The Turkish regulator joined the United States and the Bahamas in investigating the exchange’s fall. Go to Source Powered by WPeMatico
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11. Go to Source Powered by WPeMatico
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees in a number of European countries. Cyberpolice Department Busts Ukrainian Arm of International Financial Fraud Scheme The cybercrime combatting unit of … Read more
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence. Go to Source Powered by WPeMatico
Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence. Go to Source Powered by WPeMatico
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s … Read more
The SEC issued subpoena as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022. Go to Source Powered by WPeMatico
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have … Read more
Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About Arrest Efforts From Leaked Police Documents, Podcast Reveals A media report has … Read more