Topic
BitcoinBeginnerJonathan Mills, the founder and CEO of the NFT project Hashling NFT and the Bitcoin mining venture Satoshi Labs (formerly Proof of Work Labs), is facing serious allegations from former business partners who claim he misappropriated millions of dollars in project funds. A lawsuit filed in Illinois…
#crypto#fraud#law
BitcoinTwo former executives of the bankrupt crypto lending service Cred, Daniel Schatt (CEO) and Joseph Podulka (CFO), have pleaded guilty to wire fraud related to the company’s collapse. The plea deals, according to May 13, were filed in a California District Court, with Judge William Alsup setting a…
#altcoin#court#crypto
BitcoinBeginnerThe LockBit ransomware group’s infrastructure, nearly 60,000 Bitcoin addresses associated with their operations, were exposed following a hack of their dark web affiliate panel. The leak included a MySQL database dump containing critical information such as ransomware builds, victim negotiation…
#crime#crypto#fraud
BitcoinBeginnerIndian authorities have seized approximately $190 million worth of cryptocurrency assets linked to the infamous BitConnect Ponzi scheme. This significant recovery marks a major step in the ongoing investigation into the cryptocurrency scam that defrauded investors worldwide. “The Enforcement…
#crypto#fraud#india
GeneralBeginnerNorth Dakota lawmakers are considering legislation aimed at curbing cryptocurrency ATM-related fraud. House Bill 1447, introduced by Representative Steve Swiontek, seeks to limit daily withdrawals from crypto ATMs to $1,000 per customer and cap transaction fees at $5 or 3% of the total amount,…
#atm#crypto#fraud
GeneralBeginnerThe Brooklyn District Attorney’s Office has taken significant action against a network of 40 fraudulent NFT marketplace websites that scammed an 85-year-old artist out of $135,000. The victim was lured into a sophisticated scheme where he was convinced to mint his artwork on a fake platform…
#fraud#new-york#nfts
GeneralBeginnerNepal’s Financial Intelligence Unit (FIU) has recognized the increasing use of cryptocurrencies by fraudsters despite the country’s official ban on digital asset trading. To combat this, the FIU has proposed several measures, including enhanced public awareness campaigns and stricter transaction…
#asia#central-bank#crypto
BitcoinBeginnerA group of Senate Democrats, spearheaded by Majority Whip and Senate Judiciary Committee Chair Dick Durbin, has called on ten major U.S. crypto ATM operators to urgently address fraud issues and protect older Americans. In a statement released on September 12, seven Democratic Senators, including…
#atm#crypto#fraud
BitcoinBeginnerThe Securities and Exchange Commission (SEC) has filed charges against two siblings for allegedly running a $60 million Ponzi scheme involving a fraudulent cryptocurrency trading bot. According to the SEC’s complaint, Jonathan and Tanner Adam, residents of Georgia, lured investors with promises of…
#crime#fraud
GeneralBeginnerAndrew Left, the outspoken founder of short-selling firm Citron Research, is facing serious legal trouble. The U.S. Securities and Exchange Commission (SEC) has charged him with securities fraud, alleging he manipulated the stock market for personal gain. Known for his aggressive criticism of…
#fraud#sec#us-government
GeneralBeginnerThree British nationals are facing charges from the U.S. Attorney’s Office for the Southern District of New York in connection with an alleged NFT scam. The defendants, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, are accused of conspiring to commit wire fraud and money laundering…
#fraud#nfts#scam
