Crypto Fraud

Crypto Fraud
Crypto Advocate Gets 8-Yr Term for Unregistered Bitcoin Exchange

On Monday, authorities sentenced libertarian activist and radio personality Ian Freeman from New Hampshire to an eight-year prison term for operating an unregistered Bitcoin exchange. In addition, he is subject to a minimum punishment of $40,000 awaiting the outcome of…

Crypto Crime
Following the Money: Tracing FTX and Alameda’s $4.1B FTT Trail.

The recent collapse of the cryptocurrency exchange FTX has sent shockwaves through the crypto community. Investigations have uncovered suspicious transactions worth billions of dollars in FTT tokens between FTX and its sister company, Alameda Research. These revelations have raised serious…

Deutsche Bank Subsidiary Penalized $25 Million for 'Greenwashing'
Crypto Fraud
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…

fraud case
Crypto Crime
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…

Crypto Fraud
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…

Crypto Crime
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…

Crypto Fraud
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
Crypto Fraud
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,…

Crypto Fraud
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…

FTX Binance Fight
Crypto Fraud
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…