Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator
Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.
Fraud
U.S. House bill would erect crypto-theft task force across law enforcement agencies
New legislation from a bipartisan duo would set up a multi-agency group under the U.S. attorney general to take a lead on cryptocurrency theft cases.
Fraud, Deceptions, And Downright Lies About “crypto Trading Cards” Exposed
Lastly, we would be remiss if we failed to mention the various other yield enhancement structured product strategies that do not explicitly sell options at all. Source: GSR. Note: Short call spreads are a bearish strategy (negative delta), short put spreads are a bullish strategy (positive delta), and short straddles, strangles, and iron condors are short volatility bets that take […]
Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case
Smerkis worked for Binance from 2022 for just under two years.
India’s Directorate of Enforcement Seizes $190M in BitConnect Fraud Case
BitConnect’s founder, Satish Kumbhani, is wanted in both India and the U.S.
Fugitive CEO at the Center of 2024 Crypto Crash found Liable for Fraud
That is fraud,” Meehan said. Kwon, who was arrested in Montenegro in March 2023, did not attend the trial, which began 25 March. The company issued a statement after the verdict: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. Louis Pellegrino, an attorney for Terraform, told the jury on Friday the […]
Do Kwon Criminal Trial Set for 2026 as Lawyers Deal with ‘Massive’ Trove of Evidence
Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.
Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program.