Two former executives of the defunct cryptocurrency lender Cred LLC have been sentenced to a combined 88 months in prison for their roles in a wire fraud conspiracy […]
Cred LLC Leaders Sentenced For Crypto Fraud Case
Two former executives of San Francisco-based crypto lender Cred LLC have been sentenced to prison for their role in the company’s November 2020 collapse. Daniel Schatt, Co-Founder and […]
Cred Executives Sentenced in $140M Wire Fraud Case
Two Cred LLC executives were sentenced for wire fraud following the company’s bankruptcy, with customer claims exceeding $140 million. The sentencing highlights significant risks in crypto-financed lending and […]
Crypto Thief Convinces Victims to Hand Over Millions in a Fake Police Scam
A cunning imposter has defrauded unsuspecting victims of millions in cryptocurrency by impersonating a UK police officer. The case, which is garnering significant attention, reveals the growing threat […]
EminiFX Founder Ordered to Pay $228 Million in Restitution
Eddy Alexandre, founder of the now-defunct EminiFX platform, has been ordered to pay over $228 million in restitution for a Ponzi scheme that defrauded investors. The US court […]
FBI Raises Alarm Over Fake Crypto Recovery Services Targeting Scam Victims
The FBI has issued a warning about fraudulent services preying on individuals who have fallen victim to crypto scams. These schemes involve fictitious law firms contacting victims, promising […]
Shiba Inu Team Warns Users of New Fraud Scheme Targeting SHIB Holders
The Shiba Inu team has issued a critical security alert warning users about a new phishing scam targeting the cryptocurrency community. The fraudulent scheme involves impersonating official crypto […]
Do Kwon Admits Guilt in Terraform Collapse: What Next?
In a significant development for the crypto world, former Terraform CEO Do Hyeong Kwon has pleaded guilty to charges of fraud stemming from the company’s devastating collapse. His […]
Do Kwon Guilty of Crypto Fraud, Faces Up to 25 Years Imprisonment
Terraform Labs co-founder Do Kwon has pleaded guilty to charges of conspiracy to defraud and wire fraud in a U.S. federal court, admitting his role in the collapse […]
HashFlare Founders Receive Prison Time Reduction in $577M Ponzi Scheme Case
Sergei Potapenko and Ivan Turõgin, founders of the now-defunct HashFlare, have avoided additional prison time. Though initially sentenced to 16 months in a $577M Ponzi scheme case, their […]
Do Kwon Pleads Guilty in $40B Terraform Labs Fraud Case
Former Terraform Labs co-founder Do Kwon has entered a guilty plea, admitting guilt to wire fraud and conspiracy to defraud charges related to the collapse of TerraUSD and […]
Fenwick & West Sued Over Role in FTX Collapse: Lawyer Involvement Under Scrutiny
A new lawsuit accuses Silicon Valley law firm Fenwick & West of playing a central role in the collapse of cryptocurrency exchange FTX. The suit alleges the firm […]
Do Kwon Expected To Plead Guilty: TerraUSD Collapse Case Takes Major Turn
Crypto pioneer Do Kwon, co-founder of Terraform Labs, is expected to change his plea from not guilty to guilty in a Manhattan federal court on Tuesday. The shift […]
Indian Court Denies Bail in $240 Million Crypto Fraud Case
An Indian high court has denied bail to Abhishek Sharma, accused of orchestrating a $240 million cryptocurrency scam affecting over 80,000 investors using platforms voscrow and Hypenext. This […]
Indian Court Denies Bail for Suspect in $240M Crypto Fraud
An Indian high court has denied bail to an accused involved in a significant crypto investment fraud case worth approximately $240 million. Abishek Sharma, a resident of Una […]