Deutsche Bank Subsidiary Penalized $25 Million for ‘Greenwashing’ and Anti-Money Laundering Breaches

Welcome to our comprehensive article shedding light on the recent fine of $25 million imposed on a Deutsche Bank subsidiary for ‘greenwashing’ and anti-money laundering violations. In this in-depth analysis, we delve into the details of the case, examining the…

Brazilian crypto streamer loses money by accidentally exposing private key

Fraternidade Crypto, a famous Brazilian crypto streamer, suffered significant financial loss due to a private critical mishap. These kinds of incidents shed light on the importance of security in the world of digital assets. Fraternidade Crypto’s Loss of Private Keys…

Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions

The U.S. DOJ has filed charges against two Tornado Cash developers with a privacy protocol operating on the Ethereum network. This protocol developed an unclear and hazy connection between sender and recipient addresses. The two developers, Roman Storm, and Roman…

Warning: Scammers are Using Gold Checkmarks on X

When Elon Musk took over Twitter, he initiated several changes.  First, he fired several employees to reduce operating costs and promote efficiency.  Second, he revamped the business, took out the legacy checkmarks, and offered a similar badge in exchange for…

Ohio Man Sentenced in $20 Million Bitcoin Heist: Darknet Cryptocurrency Theft Lands Convict in Prison

Gary James Harmon, a 31-year-old from Cleveland, Ohio, has been sentenced to four years and three months in prison for stealing over 712 Bitcoin from the darknet bitcoin mixer, Helix. The stolen cryptocurrency was subject to forfeiture in a then-pending…

SEC Filed Miami-based Investment Advisor BKCoin Management of $100 Million Crypto Fraud Scheme

On March 6, 2023, the Securities and Exchange Commission (SEC) announced that it had taken emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, regarding a crypto asset fraud scheme. The SEC’s complaint,…

Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried

Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…

Mr. Wonderful Says Binance and FTX Were at War

Kevin O’Leary, a popular Canadian businessman, said that Binance is at fault for the collapse of FTX. This was part of Kevin’s statement when he appeared to testify at a Dec 14 US Senate Committee hearing about FTX’s implosion. Below…

The FTX Timeline, a Lesson on Fear and Greed

FTX was once perceived as a juggernaut in the crypto space.  Its founder and CEO, Sam Bankman-Fried, was once touted to be crypto’s white knight in the ongoing bear market. But Sam’s charm and billions all turned to dust after…

Bahamas Attorney Gen Defends Authorities’ Action in the FTX Bankruptcy

On November 27, Bahamas Attorney General and Minister of Legal Affairs Ryan Pinder, released a national statement that seems to justify the actions of Bahamian authorities in the FTX collapse.  The 23-minute video made a strong argument that the Bahamas…