On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial offi...
Tag: Alleged
Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the ...
SEC Files Complaint Against BKCoin And Co-Founder For Alleged $100 Million Scam
Many crypto investors have lost their funds in scams such as BKCoin. For instance, Bitcoinist reported that the DeFi sector recorded a whopping $678 million to hackers in the second quarter of 2022, c...
Hedera Network Suffers Alleged Exploit
Hedera network faces an ongoing exploit targeting the decompiling process in smart contracts. The decentralized exchange (DEX) SaucerSwap Labs has asked users to withdraw their liquidity. SaucerSwap L...
SEC Sues BKCoin For Alleged Fraud
The Securities and Exchange Commission (SEC) continues its enforcement actions against the crypto industry, filing an emergency action against Miami-based crypto hedge fund BKCoin and its principal Ke...
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement act...
Binance In Hot Water As Documents, Texts On Alleged Plan To Evade Regulations Comes To Light
The world of cryptocurrency has been shaken once again by the latest report from the Wall Street Journal. According to their sources, Binance – the biggest player in the industry – has been developing...
NFT Creators Investigated in Israel for Alleged Tax Evasion – Taxes Bitcoin News
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of...
Top NFL Prospect Jalen Carter Charged For Alleged Role In Fatal Street Race
Topline Authorities charged former University of Georgia football star Jalen Carter with two misdemeanors Wednesday for allegedly taking part in a street race that resulted in the January deaths of De...
Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain
A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as For...
Alleged Israeli crime syndicates target Australian crypto investors
Reports suggest that Australian individuals are among the prime targets of a sophisticated cryptocurrency call-center scam network believed to be managed by crime lords based in Israel. The latest rai...
Man faces arrest over alleged crypto mine hidden under a school
A former facilities worker who allegedly set up a secret cryptocurrency mining operation inside a Massachusetts school’s crawl space is due for arrest after missing a scheduled court hearing to answer...
Feds discover DeFi’s alleged $340 million Ponzi scheme
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was pre...
Composable Finance’s CTO resigns over alleged illicit operations by its CEO
Karel Kubat the chief technical officer (CTO) of Composable Finance, has resigned from the project, citing several illegal practices by the company’s CEO Omar Zaki. Karel Kubat has resigned from the c...
Jesse Powell Blasts Watchdogs Over Alleged Regulation Strategies
It’s only been a few days since Kraken, one of the largest exchanges in the U.S., shut down its staking services and paid a $30 million settlement over selling – according to the SEC – unlicensed secu...
Rep. Jesus Garcia Booted from House Committee Following Alleged FTX Ties
Democrat representative Jesus “Chuy” Garcia has been removed from the House Financial Services Committee following the overtaking of the House of Representatives by republicans and the implementation ...
SEC Cracks Down On Terraform Labs and Co-Founder For Alleged Investor Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and its co-founder, Do Kwon, for allegedly deceiving investors. The complaint accuses the company of mislea...
South Korean prosecutors alleged executive for accepting LUNA
The lawyers of South Korea wants an arrest warrant for the ex-chief executive officer of Tmon, an e-commerce platform from Korea for taking billions of South Korean won in the form of Tera (LUNA), whi...
Binance Alleged to Have Had Ties to Bitzlato, a Now Defunct (Criminal) Exchange
Just yesterday, Live Bitcoin News put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregiste...
Bahrain Fails In Bid To Claim State Immunity Over Alleged Hacking Of Dissidents
Exterior of the Royal Courts of Justice in London, UK, the home of the High Court and the Court of … [+] Appeal getty The Bahrain government faces another law suit over the alleged hacking of tw...
Neo-Nazi Leader Arrested In Alleged Plot To Attack Power Plants
Topline Federal authorities have arrested and charged two people with allegedly conspiring to destroy energy facilities in a plot prosecutors say was racially motivated, following a string of apparent...
U.S. Charges 4 Companies For Alleged Crypto Scam
Cryptocurrency scams have become increasingly prevalent in recent years, taking advantage of the growing popularity and lack of understanding of digital currencies. These scams, often coming in the fo...
Logan Paul Faces Class Action Lawsuit Over Alleged CryptoZoo NFT Rug Pull
American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token (NFT) project CryptoZoo. The class ac...
Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull
A case has been filed against CryptoZoo and Logan Paul for stealing crypto. The plaintiff contended that Paul and executives at CryptoZoo executed a rug pull. Previously, the YouTuber tweeted about a ...
Bithumb Owner Arrested Over Alleged $50 Million Embezzlement Charges
According to local media reports, the owner of South Korea’s largest cryptocurrency exchange, Bithumb, was arrested in the country on Thursday on accusations of alleged embezzlement and stock manipula...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital – Bitcoin News
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential trans...
US prosecutors seek to ban SBF from Signal after alleged witness contact
Federal prosecutors have requested that former FTX CEO Sam Bankman-Fried’s (SBF) bail conditions are modified to prevent further alleged attempts at influencing witnesses’ testimonies. Court documents...
TotalEnergies Exposed To Alleged Adani Fraud Via Joint Ventures Worth Billions
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, … [+] Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of ...
Binance Transferred 20,000 BTC to Alleged Money-laundering Bitzlato
Binance allegedly sent more than $346 million in Bitcoin to Bitzlato during May 2018 to its closure last week. Bitzlato’s founder Anatoly Legkodymov was arrested on January 18 for processing over $700...
OpenSea NFT Marketplace Faces Legal Action for Alleged Lack of Security
A collector of nonfungible tokens (NFTs) has initiated legal action against the OpenSea NFT marketplace for a number of alleged transgressions, one of which is that he was prevented from accessing his...
Mango Labs sues trader for alleged $114m token manipulation
The DeFi platform Mango Markets’ parent company has decided to file a lawsuit against its trader. He allegedly manipulated the market price of the MNGO token and made over $114 million in revenue. Acc...