Top executives and operators of the cryptocurrency mining and trading business AirBit Club have entered a guilty plea in fraud and money-laundering allegations. U.S. Attorney Damian Williams said: “Th...
Tag: allegations
Tether Responds to Allegations of Fake Documents, Says Reports Wholly Inaccurate and Misleading
Tether is pushing back against a report that alleges those backing its stablecoin project falsified documents to remain connected to the banking world. In a new blog post, Tether refutes a story publi...
SEC going after BKCoin and Kang over fraud allegations
The U.S. SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme. The SEC obtained an asset freez...
Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal (WSJ) claiming it had ties to entities that faked documents and used shell companies to maintain access to ...
Tether denies WSJ allegations of falsified bank documents
Ad Tether has denied reports on March 3 suggesting that it was involved in external attempts to obtain bank accounts through falsified documents. WSJ claims Tether exec signed false documents On March...
Binance responds to allegations of moving billions in customer funds
As per a Forbes report, the corporation allegedly moved $1.8 billion in assets belonging to its customers. Moving money across wallets is common and poses no problems, according to Binance’s CSO. The ...
CEO of Composable Finance Vigorously Refutes Allegations
The current chief executive officer of Composable Financial has vehemently rejected claims of legal improprieties made by Karel Kubat, who formerly served as the chief technical officer of the decentr...
Friendsies NFT creators deny ‘abandoning’ project amid rug pull allegations
The team behind nonfungible token collection Friendsies has refuted claims they are “abandoning” the NFT project following a tsunami of “rug pull” accusations. On Feb. 21, the founders behind the NFT ...
Yuga Labs removes BAKC logo amid image theft allegations
Yuga Labs NTF collection is set to change the Bored Ape Kennel Club (BAKC) logo following allegations of intellectual property theft. As crypto.news previously reported, the company was accused of IP ...
SEC allegations against Do Kwon and Terraform Labs
The Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and Do Kwon alleging that they defrauded investors in a scheme involving multiple unregistered securities. The S...
Waves team under scrutiny after stablecoin dumping allegations
The Waves team allegedly sold a huge chunk of its algorithmic stablecoin, USDN, to cover debts. Has the waves team traded off its stablecoin? In April 2022, a crypto enthusiast tweeted about how the W...
WazirX Declares The Allegations From Binance “False And Misleading,” And Plans To Take Legal Action
Join Our Telegram channel to stay up to date on breaking news coverage According to a Tuesday blog post by WazirX, an Indian cryptocurrency exchange, “accusations made by Binance on their blog are unt...
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse – Exchanges Bitcoin News
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” ...
WazirX deems Binance allegations ‘false’ and ‘unsubstantiated’
India-based crypto exchange WazirX said Binance’s allegations against it are “false” and “unsubstantiated,” according to a Feb. 7 statement. The exchange added that it wa...
a roller coaster for bitcoin amid more regulatory efforts, fresh allegations on ex-FTX boss
The last week in the crypto scene was punctuated mainly by the continuation of existing trends. The rise in regulatory pressures and enforcement actions remained the same. Bitcoin (BTC) saw significan...
CryptoZoo, Logan Paul Sued for $5M Over his allegations
Both CryptoZoo and Logan Paul have been listed as defendants in a recently filed class-action complaint. The claim argues that the defendants engaged in a “fraudulent business” that result...
Gautam Adani Briefly Falls Out Of Top 20 Richest As His Net Worth Spirals After ‘Corporate Con’ Allegations
Topline Indian billionaire Gautam Adani briefly fell out of the world’s top 20 richest people on Friday after losing $12 billion in a day, a spectacular fall from his former position as the world’s th...
Exchange CEO arrested in fraud allegations – Cryptopolitan
Authorities have arrested Crypto Exchange Bitzlato CEO for crimes related to fraudulent activities. In the published statement, the exchange CEO also doubles as the sales executive and director of the...
Gautam Adani Addresses Scrapped Public Offering In First Public Remarks Since Hindenburg Allegations
Topline Gautam Adani on Thursday addressed his flagship company’s canceled $2.5 billion public offering and promised a review of the Adani Group’s market strategy in his first public remarks since U.S...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret
“A trusted-party vulnerability (also called a ’backdoor’) is an undisclosed capability of a trusted party, that can compromise the function of the system,” Prestwich explained in a tweet outlining his...
Adani Faces Deadline as Fraud Allegations Spook Investors
The clock is ticking for Gautam Adani as India’s leading tycoon, and Asia’s wealthiest person, confronts a U.S. short seller claiming he “uncovered evidence of brazen accounting frau...
Senior Ukrainian Officials Fired Over Corruption Allegations Amid EU Membership Push
Topline Several senior Ukrainian officials were dismissed or resigned in recent days after being accused of corruption, according to multiple reports, as Ukrainian President Volodymyr Zelensky vows to...
FTX Bankruptcy Judge Calls Fmr FTX US Exec’s Allegations Against Law Firm ‘Hearsay, Innuendo, Speculation, Rumors’
In a court hearing on Friday morning, the bankruptcy judge overseeing FTX’s case approved the hiring of the law firm Sullivan & Cromwell, and called allegations from a former FTX US compliance off...
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company claimed the reason for its actions as a non-applicable ...
Ripple CTO Advises Selling FLR Tokens, Raises Allegations
Ripple CTO David Schwartz voiced harsh criticism against the Flare Network in a series of tweets today. After more than two years following the snapshot for XRP holders, the project finally conducted ...
Nexo co-founder calls financial crimes allegations ‘absurd’
Nexo’s co-founder and managing partner Antoni Trenchev confirmed that authorities are present at one of Nexo’s offices in Bulgaria following local reports that the Sofia office was raided in relation ...
DCG labels Gemini co-founder’s allegations as ‘publicity stunts’
The Digital Currency Group (DCG) has responded to recent allegations made by Gemini co-founder Cameron Winklevoss against the DCG, calling them “desperate and unconstructive publicity stunts.” This is...
SBF comments on FTX’s fate; Nexo faces criminal allegations
The biggest news in the cryptoverse for Jan. 12 saw former FTX CEO Sam Bankman-Fried comment on a possible FTX recovery and tell his side of the story. Elsewhere, Nexo has been accused of financial cr...