fraud

The Electronic Investigation Team of the Criminal Bureau in Taiwan has nabbed an individual suspected of laundering a record $320 million through digital assets, making it the largest single case of crypto-related money laundering in Taiwan. What Happened: The suspect identified by the surname Qiu...

U.S. regulators paid $16 million to crypto whistleblowers this year as part of an effort to identify fraud and other illegal activities. As a result, the Commodity Futures Trading Commission (CFTC) plans to increase financial literacy, particularly related to crypto scams. “With the rise of...

New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital and Digital Currency Group, Inc. (DCG) for defrauding 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. According...

Digital payments behemoth Visa (NYSE: V) invested in London-based payments platform Form3 through a commercial partnership. This will enable Visa clients to minimize fraud while sending and receiving real-time account-to-account payments with the help of Form3's fraud-detection...

Commodity Futures Trading Commission Commissioner (CFTC) Commissioner Christy Goldsmith Romero has suggested that regulators need to update their protection measures with technological advances. She goes on to add that the inability to do the same is likely to impact the crypto investors. Amid...

The U.S. Department of Justice filed charges on Tuesday against Rep. George Santos, according to a report from CNN. Because the charges are still under seal, the exact nature is unknown, but the report speculates that it might stem from a pattern of false statements in Santos’s financial...

The latest edition of my interview series Crypto Opinion with Mike Ermolaev focused on the topic of security, featuring Michael Jabbara, the VP and Global Head of Fraud Services at Visa (NYSE: V).  From data breaches to cryptocurrencies, Michael shared Visa network-level insights on the...

SBI Crypto Co., a subsidiary of Japan's SBI Holdings Inc, has filed a lawsuit against Whinstone US, a data center based in Rockdale, Texas. The lawsuit accuses Whinstone of misrepresenting its readiness to host a large-scale Bitcoin (CRYPTO: BTC) mining operation and for causing millions of...

U.S. prosecutors and lawyers are allowing FTX founder and former CEO Sam Bankman-Fried access to a limited number of websites on a specially configured laptop. Among the approved sites are Amazon, the Wall Street Journal, the New York Times, Decrypt, CoinDesk, Netflix, Spotify, DoorDash, Uber Eats...

Bankrupt cryptocurrency exchange FTX has transferred a whopping $2.2 billion to its founder, Sam Bankman-Fried, and other key employees through various entities. The company's new management revealed that a total of $3.2 billion was paid to Bankman-Fried and his colleagues, according to a...

Three men in a car recently drove into a metal barricade outside the house of FTX co-founder Samuel Bankman-Fried's parents, according to court documents filed by lawyers. The lawyers wrote, “When the security guard on duty confronted them, the men said something to the effect of: ‘...

Four individuals were sentenced by the English County of Lancashire following an investigation into a £20 million Bitcoin (CRYPTO: BTC) fraud. The fraud began in 2017 when James Parker, the alleged gang leader, discovered a glitch in an Australian cryptocurrency trading website that...

While financial analysts and media pundits continue to compare the fall of FTX’s Sam Bankman-Fried and criminal Ponzi scheme artist Bernie Madoff, there is a stark difference in the type of wealth they accumulated. But they both enjoyed spending that wealth on real estate. While Bankman-Fried...

Cronos Group, Inc, (NASDAQ: CRON) announced that it had reached final settlement agreements with each of the U.S. Securities and Exchange Commission and staff of the Ontario Securities Commission (the "OSC") to resolve investigations regarding the previously disclosed...

A Dallas real estate developer accused of scamming Chinese investors out of more than $26 million was indicted Tuesday on charges of wire fraud and securities fraud.  Timothy Lynch Barton, 59, president of JMJ Development Inc. and CEO of real state investment firm Carnegie Development,...