Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…
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Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…
Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case
In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…
Major Banks Pay $385Billion in Penalties for Fraud, Illegality Since 2000 and its not Crypto – Details explained – Top 10 Worst Offenders
The financial industry plays a crucial role in the global economy, facilitating transactions, providing loans, and offering various financial services. However, the sector has not been immune to instances of fraudulent and illegal activities. Over the years, major banks have…
FTX Founder’s Downfall and the Soaring Surge of Cryptocurrency Investment Fraud Investigated by Federal Prosecutors
In an exclusive interview, federal prosecutors open the doors to the enigmatic realm of cryptocurrency crime, providing a glimpse into the shocking events surrounding the collapse of FTX, a prominent cryptocurrency exchange. This article delves into the astounding case of…
Scammers Exploit Charity to Perpetrate $250 millions (₹2,000 Crore) Fraud in Himachal – India
The special police squad continued to investigate and discovered that the fraud had an estimated value of ₹2,000 crore. This team is now requesting support from the income tax department and the Ministry of Finance’s Financial Intelligence Unit. Their goal…
Three Men Arrested For Complex Bank Fraud And Cryptocurrency Laundering Scheme
In a joint announcement, Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (FBI) have revealed…
‘Mutant Ape Planet’ NFT Developer Pleads Guilty to an International Scheme to Defraud NFT Purchasers
Aurelien Michel is a French national previously residing in the United Arab Emirates (UAE). He was found guilty conspiring to commit wire fraud at a federal courthouse in Brooklyn, New York. This admission of guilt relates to his involvement in…
NY AG files crypto fraud lawsuit against Gemini
New York Attorney General Letitia James has recently taken a lawsuit against cryptocurrency exchange Gemini Trust Co., alongside the insolvent crypto lender Genesis Global Capital and its parent company, Digital Currency Group. This move comes as part of a broader…
SafeMoon Crypto and its Executive Team Charged by SEC for Crypto Securities Fraud and Unregistered Offering
In this analysis, we delve into the deceptive practices employed by SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the executive team, including Chief Executive Officer John Karony and Chief Technology Officer Thomas Smith. Our aim is to…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
