Tags : Fraud


Regulation

Singapore Police Probe Hodlnaut for ‘Doable Dishonest and Fraud’

Singapore’s white-collar crime investigation unit, the Industrial Affairs Division (CAD), on Wednesday, launched a probe into troubled crypto lender Hodlnaut for “attainable dishonest and fraud,” based on an official statement.  Between August and November, the police acquired “a number of reviews” that Hodlnaut and its administrators had made “false representations” in regards to the lender’s […]Read More

Litecoin

Former Bithumb Chairman Could Face Eight Years in Jail for

Lee Jung-hoon, the previous chairman of Bithumb Holdings, the corporate that operates South Korea’s second-largest cryptocurrency alternate, might face a most sentence of eight years in jail if discovered responsible on prices associated to an alleged fraud price 100 billion gained, or roughly $70 million. The trial befell on October 25 on the Seoul District […]Read More

Blockchain

5 Charged in France With $2.5M Fraud Concentrating on Bored

5 individuals have been charged in France on allegations that they fraudulently acquired $2.5 million price of non-fungible tokens (NFTs), primarily focusing on Bored Ape Yacht Membership (BAYC) and Mutant Ape Yacht Membership (MAYC) homeowners. The prosecution alleged that the suspects used a phishing operation to accumulate the property, luring victims through a pretend web […]Read More

Regulation

MicroStrategy, Michael Saylor Sued for Tax Fraud by DC Legal

Washington, DC, Legal professional Basic Karl Racine right this moment introduced that he’s submitting civil costs in opposition to cloud computing software program firm MicroStrategy and its founder Michael Saylor over alleged tax fraud. MicroStrategy, which holds the most important Bitcoin treasury amongst public firms, has helped Saylor “evade taxes he legally owes on lots […]Read More

Litecoin

U.S. Congressional Committee Probes Coinbase, FTX, Binance on Fraud Prevention

Shopper watchdogs inside the U.S. Home of Representatives consider crypto-related fraud is an enormous drawback.  Rep. Raja Krishnamoorthi—Chair of the Subcommittee on Financial and Shopper Coverage of the Home Committee on Oversight and Reform—sent letters to the most important crypto exchanges within the U.S. on Tuesday, requesting “data and paperwork” exhibiting how every firm is […]Read More

Bitcoin

Titanium Blockchain CEO Pleads Responsible to Securities Fraud

The U.S. Division of Justice introduced right this moment that Michael Stollery, the CEO of Titanium Blockchain Infrastructure Companies (TBIS), has pleaded responsible for his position in a scheme that introduced in $21 million by a fraudulent preliminary coin providing (ICO). In line with the DOJ, Stollery referred to as the scheme a “cryptocurrency funding […]Read More

Regulation

CFTC Cites $1.7 Billion MLM In Its ‘Largest Fraud Scheme

The Commodity Futures Buying and selling Fee filed a lawsuit at this time towards Cornelius Johannes Steynberg and Mirror Buying and selling Worldwide Proprietary Restricted (MTI), charging them with fraud and registration violations. The criticism accuses Steynberg of partaking in a global fraudulent multilevel advertising and marketing (MLM) scheme that introduced in 29,421 BTC, value […]Read More

Blockchain

Terra’s Do Kwon: ‘There Is a Distinction Between Failing and

Do Kwon, the co-founder of Terraform Labs, stated that he was “devastated” by final month’s collapse of the TerraUSD (UST) stablecoin and its sister token LUNA, expressing his hope that 1000’s of buyers who’ve been affected by the Terra ecosystem’s implosion are “taking good care of themselves.” Kwon additionally claimed that he had personally misplaced […]Read More