The U.S. Treasury has imposed sanctions on Funnull Technology Inc., a Philippines-based firm, and its administrator Liu Lizhi for their alleged involvement in fraudulent cryptocurrency schemes that have […]
US Treasury Probes Cambodian Cryptocurrency Fraud Network
A major cryptocurrency fraud in Cambodia is under investigation, allegedly involving forced labor and potentially billions of dollars worth of illicit funds. The Huione Group, a company linked […]
Early Release for Sam Bankman-Fried Raises Questions About Accountability in Cryptocurrency
Sam Bankman-Fried, former head of the collapsed cryptocurrency exchange FTX, could be released from prison four years sooner than initially anticipated. This early release is attributed to his […]
Startup CEO Jailed for $1 Million Crypto Fraud
A US federal court has indicted Jeremy Jordan-Jones, the founder of Amalgam Capital Ventures, on charges related to defrauding investors out of a million dollars in a cryptocurrency […]
Amalgam Founder Arrested on Charges of $1 Million Crypto Fraud
Jeremy Jordan-Jones, the founder of the failed crypto company Amalgam, has been charged with defrauding investors of more than $1 million. Prosecutors allege that he used investor funds […]
SEC Sues Unicoin Executives Over Alleged Misleading Securities Claims
The U.S. Securities and Exchange Commission (SEC) has filed suit against Unicoin, Inc., a New York-based company, and three of its executives for allegedly making false statements about […]
Alabama Man Sentenced for SEC Twitter Hack
Eric Council Jr., a 26-year-old resident of Alabama, has been sentenced to 14 months in prison for a sophisticated SIM-swap attack on the Securities and Exchange Commission’s (SEC) […]
DOJ Charges 12 in $263M Crypto Theft Case
The U.S. Department of Justice (DOJ) has announced charges against 12 individuals for their alleged role in a $263 million cryptocurrency theft connected to Genesis creditor, with arrests […]
SEC X Hacker Faces 2-Year Prison Term for Crypto Market Manipulation
Eric Council Jr., the individual behind the SEC X account hack, is facing a potential two-year prison sentence. The incident led to significant market disruption and highlighted cybersecurity […]
Crypto-Focused Pyramid Schemes on the Rise in Russia
A recent report from the Central Bank of Russia reveals a surge in financial pyramid schemes that target investors using cryptocurrency. Over 86% of these illegal schemes, identified […]
Over $500 Million Fraud Case Unveiled: Justin Sun Calls for Action in Dubai
A major financial fraud case involving over US$500 million has surfaced, with allegations linking Dubai-based banks to a scheme orchestrated by First Digital Trust and Legacy Trust. The […]
Former Celsius Executive Pleads Guilty, Faces 20-Year Sentence for Financial Misconduct
The U.S. government is pursuing justice against former Celsius executive Alex Mashinsky after he admitted to major financial misconduct that resulted in significant losses for customers. The charges […]
Victims of Celsius Collapse Demand Life Sentence for CEO Alex Mashinsky
Hundreds of investors have urged a federal judge to impose a life sentence on Alex Mashinsky, the former CEO of collapsed crypto lender Celsius Network. The investors are […]
Cryptocurrency-Related Crimes Surge in 2024, Costing US $9.3 Billion
The FBI’s Internet Crime Complaint Center (IC3) has revealed a significant increase in cryptocurrency-related crime losses in the United States during 2024. Reports indicate that these crimes caused […]
Over 200 Victim Statements Filed in Celsius Ex-CEO Case
US federal prosecutors have submitted over 200 victim impact statements in the ongoing legal case against Alex Mashinsky, the former CEO of defunct cryptocurrency lender Celsius Network. These […]