Crypto lending platform Hodlnaut is under police investigation in Singapore for alleged fraud and cheating three months after freezing client withdrawals and filing for protection from creditors. ...
Tag: Fraud
Mike Novogratz Calls SBF’s Misappropriation of User Funds “Fraud”
– Advertisement – Mike Novogratz has branded Sam Bankman-Fried’s actions with user funds as “fraud.” Mike Novogratz, CEO of Galaxy Digital, has described Sam Bankman-Fried’s practice of le...
Galaxy Digital CEO slams FTX founder for running around the Bahamas committing fraud
CEO of crypto investment firm Galaxy Digital, Mike Novogratz, has questioned the current freedom enjoyed by FTX cryptocurrency exchange founder Sam Bankman-Fried despite fraud allegations facing him. ...
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme – Bitcoin News
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service a...
Two Estonians Arrested for Allegedly Running a $575 Million Crypto Fraud
The Estonian police arrested two individuals in the country’s capital Tallinn for their alleged involvement in a $575 million cryptocurrency scam. According to the prosecution, Sergei Potapenko and Iv...
Two Arrested For $575m Crypto Fraud
Join Our Telegram channel to stay up to date on breaking news coverage Fraud in the cryptocurrency sector has persisted despite the volatility seen across the crypto industry this year. On Monday, Est...
Trump Will Testify In Fraud Trial Ahead Of Primaries, Lawyer Says
Topline Former President Donald Trump will testify under oath next year about whether he and his company fraudulently inflated the value of assets for financial gain, his attorney said in court Tuesda...
Sam Bankman-Fried attempts to fraud investors affected by FTX
A fake video of Sam Bankman-Fried, the ex-chief executive officer of FTX has been shared on Twitter which later became viral. The video says that the officer is trying to fraud and trick investo...
U.S. DOJ Indicts Two Estonian Men Over $575 Million Crypto Fraud
The United States Department of Justice (DOJ) has charged two Estonian Men for operating cryptocurrency schemes that allegedly defrauded investors out of $575 million. According to the press release,...
Defunct HashFlare Co-founders Arrested For Crypto Fraud
2 hours ago | 2 mins read Bitcoin News The mining firm shut down a substantial chunk of its mining activities in July 2018. The whole mining operation was part of a “multi-faceted scheme” as per U.S D...
Two arrested in Estonia for $575 million crypto fraud
The U.S. Department of Justice has arrested two Estonian citizens in Tallinn, Estonia for their alleged multi-layered scheme based on shell companies used to launder fraud proceeds. The 18-count indic...
HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme
The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy. HashFlare was a cloud mining c...
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March – Bitcoin News
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Du...
Former Silicon Valley Star Elizabeth Holmes Sentenced to Prison
Failed startup founder Elizabeth Holmes received a sentence of over 11 years for the fraud she perpetrated when she duped investors about the effectiveness of a blood testing company. Holmes was sente...
Bahamas Liquidators Discover Possibilities Of Fraud From FTX
Still, on the ongoing FTX fiasco, the embattled crypto exchange has got it hot from all corners. On one side is the intensive investigation by the regulators, then legal actions from creditors. A few ...
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conduc...
Elizabeth Holmes Sentenced To 11 Years In Prison For Fraud
Topline Failed Theranos founder Elizabeth Holmes was sentenced Friday to 11.25 years in prison after being convicted earlier this year of defrauding investors in her famed blood testing company that t...
Elizabeth Holmes Sentencing: A History of the WSJ Theranos Investigation
By Michael Siconolfi Nov. 18, 2022 5:30 am ET Listen to article (2 minutes) Elizabeth Holmes’s journey from Silicon Valley superstar to felon is slated to culminate Friday during a hearing in which a ...
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on th...
Sam Bankman-Fried set to face lawsuit for fraud in New York – crypto.news
Manhattan Authorities are likely to investigate the alleged misappropriation of funds between FTX and Alameda Research. Fox News correspondent Charles Gasparino cites insiders at the Manhattan US atto...
Sam Bankman-Fried Set To Face Criminal Charges For Fraud
In yet another setback for FTX founder Sam Bankman-Fried, authorities in the U.S. are likely to take the legal route. The office of Manhattan US attorney is preparing criminal charges against Sam Bank...
FTX May Have Committed Serious Fraud and Mismanagement: Bahamas Liquidators
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanageme...
Coinbase exec says fraud is the problem and not crypto
The Chief Financial Officer of Coinbase says that fraud issues are with some centralised exchanges, and not with crypto. Alicia Haas, CFO of Coinbase, was interviewed by the Wall Street Journal on Wed...
FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing
Key Takeaways A filing from FTX’s new CEO has more thoroughly revealed the shocking state of the company’s finances. New FTX CEO John J. Ray III, who oversaw Enron’s dissolution, wro...
FTX Court Filings Claim Firm’s Fraud and Mismanagement
The post FTX Court Filings Claim Firm’s Fraud and Mismanagement appeared first on Coinpedia Fintech News The court filings by FTX’s Bahamian liquidators claim that there are signs which point towards ...
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Co...
Ethereum Co-Founder Vitalik Buterin Weighs in on Sam Bankman-Fried’s FTX ‘Fraud’
As a co-founder of Ethereum, Vitalik Buterin is one of the most prominent voices in crypto. He took to Twitter early Tuesday morning to urge his audience not to write off everything FTX’s departing CE...
Short seller Muddy Waters says this fintech firm could be a ‘fraud’
Shares of dLocal Ltd (NASDAQ: DLO) were cut nearly in half on Wednesday after Muddy Waters revealed a short position in the Uruguayan financial technology company. Discrepancies in disclosures to inve...
DOGE creator warns against giving FTX a second chance to commit ‘enormous massive fraud’
As the embattled CEO of collapsed FTX cryptocurrency exchange Sam Bankman-Fried attempts to raise capital to rescue the platform, the move has received mixed reactions amid fears the funds could be mi...
“Partly Fraud and Partly Delusion”
Alex Dovbnya Charlie Munger continues to excel in trashing cryptocurrencies Charlie Munger, vice chairman of multinational conglomerate holding company Berkshire Hathaway, took a dig at cryptocurrenci...
Why do people invest in crypto? ‘It’s partly fraud and partly delusion’: Charlie Munger
““The country did not need a currency that’s good for kidnappers.”” — Charlie Munger Charlie Munger, vice chairman of Berkshire Hathaway BRK.A, +0.35%, is not a big fan of crypto, and he shared some f...