Search Results for "crypto fraud"
European Union Parliament Considers Petition for Crypto Fraud Victims Fund
European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.
SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case
The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as "DEBT Box," along with its four principals and 13 other defendants.
UK Regulator FCA Places 50 Crypto Firms Under Investigation
The United Kingdom’s apex market regulator, the Financial Conduct Authority (FCA) is taking a proactive approach to curbing scams and is investigating 50 exchanges
German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme
Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.
Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant to swindle them.
CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023
The CFTC's Whistleblower Program in 2023 awarded $16 million to whistleblowers, contributing to over $3 billion in enforcement sanctions. Recognizing their role in combating financial fraud, the program now focuses on environmental fraud through a task force.
Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims
Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.
Bithumb Crypto Exchange Puts Itself Up for Sale Amid Fraud Probe
Bithumb cryptocurrency exchange is set up for sale amid accusations of the alleged fraud.
LUNA Do Kwon's Trial Postponement Request Amid Extradition Delays
Terraform Labs co-founder Do Kwon requests postponement of his U.S. trial, scheduled for January 29th, to mid-March due to extradition challenges in Montenegro. The SEC filed fraud charges against Kwon in February 2023, related to the collapse of TerraUSD and LUNA tokens.
Former IcomTech CEO Marco Ochoa Sentenced for Wire Fraud Involving Crypto Ponzi Scheme
Marco Ochoa, ex-CEO of IcomTech, has been sentenced to five years in prison for wire fraud in a crypto Ponzi scheme, with a $914,000 forfeiture and two years of supervised release.
Seoul Prosecutors Probe Crypto Fraud at Delio, Haru, Pica, and WeMade
Seoul's prosecutors probe alleged crypto fraud at Delio, Haru Invest, Pica Project, and WeMade. The joint investigation team aims to expedite the processing of these high-profile cases.
Crypto Escrow Company Promises Bitcoin, Pleads Guilty to Defrauding Client Over $3 Million
Jon Barry Thompson, the executive of Volantis Market Making cryptocurrency escrow company, has pleaded guilty in a crypto escrow scam worth $3.25 million.