Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,406,180,539,195.30
  • 24h Vol: $54,051,127,713.52
  • BTC Dominance: 56.55%

Crypto Fraud

indian-court-bars-police-from-freezing-entire-bank-accounts-in-crypto-fraud-probes

Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes

Leave a Comment / bank accounts, Bitcoin, court ruling, Crypto, Crypto Fraud, Crypto Hacked, Cryptocurrency, Cyber Security, Ethereum, financial fraud, Fraud, freeze, HDFC bank, indian high court, Investigation, justice g. jayachandran, legal, madras high court, Police / / / , , , , , , , , , , , , , , ,

An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to […]

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Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns

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Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the

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el-paso-man-fined-$31m-for-forex-and-crypto-fraud

El Paso Man Fined $31M for Forex and Crypto Fraud

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A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm defrauded 199 victims by misusing over $7.2 million

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Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

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The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark”

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nigeria’s-self-proclaimed-crypto-billionaire-released-from-police-custody

Nigeria’s Self-Proclaimed Crypto Billionaire Released From Police Custody

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The recently detained Nigerian self-proclaimed cryptocurrency billionaire, Linus Williams, has been released on bail. According to a controversial Instagram celebrity, Verydarkman, the crypto billionaire begged for release but is expected to answer for his alleged crimes soon. Self-Proclaimed Billionaire Begged to Be Released Nigeria’s self-proclaimed cryptocurrency billionaire, Linus Williams, recently arrested on charges of fraud

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man-pleads-guilty-in-meijer-loyalty-program-fraud-case,-forfeits-crypto

Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto

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Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program

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australian-court-convicts-bitconnect-promoter-for-providing-unlicensed-advice

Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice

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John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on

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Federal Agencies Join Forces to Fight Crypto Scams

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Several federal agencies, including the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC), convened at a Fraud Disruption Conference to combat crypto scams, particularly the “pig butchering” fraud that siphons billions from Americans annually. The meeting brought together over 300 officials from 15 federal agencies to strategize against this pervasive

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Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud

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The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer reports received in the first half of 2024 pertained to these scams, reflecting a 44% increase from the same

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cftc-wins-case-against-crypto-fund-operators

CFTC Wins Case Against Crypto Fund Operators

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The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment on Monday, finding that the defendants misrepresented the performance of their crypto funds, operated a

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