Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,393,113,562,158.15
  • 24h Vol: $53,365,551,873.29
  • BTC Dominance: 56.55%

Fraud

us-indicts-two-in-$260m-bitcoin-heist-and-laundering-scheme

US Indicts Two in $260M Bitcoin Heist and Laundering Scheme

Leave a Comment / automobiles, Bitcoin, BTC, Crypto, Crypto Hacked, Cryptocurrency, District of Columbia, Ethereum, Exchanges, Featured, Fraud, Jeandiel Serrano, Laundering, Malone Lam, Mixers, peel chains, U.S. attorney's office, VPN / / / , , , , , , , , , , , , , , ,

Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S. Attorney’s Office for […]

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terraform-labs-gets-court-approval-to-wind-down-operations-in-bankruptcy

Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

Leave a Comment / Bankruptcy, Bitcoin, Blockchain, Crypto, Crypto Hacked, Cryptocurrency, Delaware, do kwon, Ethereum, Fraud, Investors, legal, LUNA, market crash, SEC, SEC settlement, Terra, terraform labs, TerraUSD / / / , , , , , , , , , , , , , , ,

Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted

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sec-takes-action-against-fake-crypto-platforms-using-social-media-to-deceive-investors

SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors

Leave a Comment / Assets, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Ecosystem, Enforcement, Ethereum, Fraud, Funds, investment, Media, penalties, platform, Regulation, regulator, Scam, SEC, Social, trading / / / , , , , , , , , , , , , , , , ,

The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action

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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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sec-cracks-down-on-ideanomics-for-fraud-in-misleading-crypto-and-revenue-disclosures

SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Fraud, Ideanomics, News Bytes, News Bytes - 2, penalty, SEC / / / , , , , , , , ,

The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated in overstating the company’s financial performance and failing to disclose

SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures Read More »

washington-regulator-warns-of-miami-equity-fund-005-crypto-fraud

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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tron-founder-justin-sun-wins-landmark-defamation-case-against-chinese-media-group

Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media Group

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Fraud, H.E. Justin Sun, insider trading, legal, Money Laundering, Tron DAO / / / , , , , ,

A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing Business Media Group subsequently removed all of its false content and

Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media Group Read More »

first-civil-lawsuit-filed-against-crypto-platform-jpex-for-alleged-fraud

First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud

Leave a Comment / Bitcoin, civil lawsuit, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Fraud, JPEX, News Bytes, News Bytes - 2, Tether / / / , , , , , , , ,

Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine months ago. The plaintiffs allege unauthorized transfers of their funds shortly

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hong-kong-police-advisory-group-warns-of-surge-in-digital-asset-linked-crime

Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime

Leave a Comment / Bitcoin, Crime, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Fraud, Hong Kong, legal, Police / / / , , , , , , ,

The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving

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fugitive-crypto-exchange-founder-faruk-ozer-extradited-to-turkey

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

Leave a Comment / albania, Albanian, Arrest, Bitcoin, crypto exchange, Crypto Hacked, Cryptocurrency, Ethereum, Exchange, Exchanges, extradition, Faruk Ozer, Fraud, Investors, Ozer, Scam, thodex, Turkey, Turkish / / / , , , , , , , , , , , , , ,

Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities

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