fraud

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06 Mar 23

SEC going after BKCoin and Kang over fraud allegations

The U.S. SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme. The SEC obtained an asset freeze, appointment of a receiver, and other emergency relief against the Miami-based investment adviser and Kang in connection with the crypto asset fraud scheme. […]

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17 Feb 23

SEC charges Terraform and Do Kwon with fraud allegations

The US Securities and Exchange Commission filed charges against Singapore-based Terraform Labs PTE Ltd and Do Kwon on Feb. 17, accusing them of perpetrating a scam involving algorithmic stablecoins and other crypto asset securities that totaled multiple billion dollars. Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar […]

06 Feb 23

US DoJ calls for independent fraud investigator for FTX

The U.S. Department of Justice (DoJ) has called for U.S. Bankruptcy Judge John Dorsey to appoint a separate, independent third-party examiner to investigate FTX’s bankruptcy further. US DoJ calls for more investigations on fraud The U.S. Department of Justice called for the appointment of a separate third-party examiner to unravel fraud, mismanagement, and misconduct cases […]

NFT collateralized loans for long tail markets

05 Jan 23

Mutant Ape Planet NFTs creator arrested and charged with fraud over $2.9m exit scam

A developer of the Mutant Ape Planet non-fungible token (NFT) collection has been arrested in New York on fraud charges. A Jan.5 United States Department of Justice announcement reveals that according to a complaint filed on 3 January, Aurelien Michel, a 24-year-old French citizen living in the United Arab Emirates, and other unnamed defendants promised […]

If you ever used Celsius its very likely that your wallets are DOXXED

05 Jan 23

NY Attorney General to sue Celsius ex-CEO for fraud

New York Attorney General Letitia James took to Twitter to announce she will file a lawsuit against former Celsius CEO Alex Mashinsky for defrauding investors. Celsius ex-CEO faces legal action The New York AG has accused Alex Mashinsky, the former CEO of Celsius Network, of committing fraud against hundreds of thousands of venture capitalists by […]

Investor Protection Unit grills pig butchering scammers

27 Dec 22

FBI warns investors over crypto fraud wave in the US

The FBI is warning of increasing “pig butchering” in the US, a wave that has seen citizens lose millions of dollars to scammers. Frank Fisher, a public affairs expert in the bureau’s Albuquerque section, says, “We don’t talk about what’s happening on the farms, but we’re discussing a widespread national cryptocurrency investment scam.” The phrase […]

26 Dec 22

Bitcoin miner, Blockware, sued for deception and fraud

The London-based private firm, Faes & Company Limited, has filed a lawsuit against the bitcoin (BTC) miner firm, Blockware Solutions LLC. Faes, in a lawsuit filed at the United States District Court Northern of Illinois, accuses Blockware of “breach of contract, negligence, deceptive trade practices, and fraud.” The law firm also argues that the miners […]