South African crypto developer Ricardo “Fluffypony” Spagni is set to return to his native country after his extradition was requested by authorities. He has denied any wrong-doing. Spani is wanted by ...
Tag: Fraud
Former OpenSea Employee Charged With NFT Insider Trading; Faces Wire Fraud & Money Laundering Charges
Former OpenSea employee Nathaniel Chastain, 31, has been formally charged with one count of wire fraud and one count of money laundering and is awaiting trial in New York. Following an elaborate schem...
Terra 2.0 And Do Kwon In ‘Big Trouble’ As Binance Investigates Serious Fraud Accusations ⋆ ZyCrypto
Advertisement     Legal troubles are mounting for the co-creator of the fallen Terra ecosystem, Do Kwon, as Binance launches inquiries into the allegations made by Ter...
Binance Investigating Fraud Allegations Against Do Kwon and Terra 2.0
Binance CEO “CZ” has asked his investigation team to look into allegations by Terra insider FatMan against Terraform Labs founder Do Kwon and Terra. Binance’s CEO had always opposed the idea behind US...
Indian Police Arrest Man For $200,000 Crypto Fraud ⋆ ZyCrypto
Advertisement     Police arrested a person in the Indian metropolitan city of Mumbai for allegedly cheating several people to the tune of INR 1.55 crore (Appr $199,000...
CFTC Will Beef Up Resources To Combat Crypto Fraud, Says Behnam ⋆ ZyCrypto
Advertisement     Crypto fraud and exploits have grown even more rampant in recent times. Consequently, the Commodity Futures Trading Commission (CFTC) Chair Rostin Be...
LUNA founder Do Kwon faces accusations of fraud over Mirror Protocol
Do Kwon, the CEO of Terraform Labs, a cryptocurrency ecosystem that caused significant losses for investors when both its stablecoin TerraUSD (UST) and native token Terra (LUNA) collapsed, is back in ...
Filecoin (FIL) Slips Nearly 4% As New Allegations Of Fraud Emerge
The Filecoin token’s (FIL) price has fallen nearly 4% in the last 24 hours, as its largest firm came under police investigation in China. Lai Chuhang, the boss of Shikongyun- Filecoin’s largest firm, ...
U.S. Senator Says Terra Investors May Be Victims of Fraud
Alex Dovbnya Pennsylvania Senator Pat Toomey believes that the failed blockchain project may be a scam Pennsylvania Senator Pat Toomey recently told Barron’s that Terra may be a fraudulent project. Th...
Terra Do Kwon Faces Fraud Lawsuits From Investors And $78M Tax Evasion Fine
As the Terra saga continues to unfold, the project’s founders have become the target of the crypto industry’s ire. In the aftermath of Terra’s catastrophic failure, South Korean investors are currentl...
Elon Musk called ESG a scam — did the Tesla chief do investors a favor?
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a ...
CFTC Charges Oregon and Illinois Resident in $44 Million Fraud
On Thursday, the Commodity Futures Trading Commission (CFTC) announced that it filed a civil enforcement action against an Oregon and Illinois resident, as well as a Florida company for fraudulently s...
CFTC Charges Two Individuals for $44 Million Cryptocurrency Fraud
The United States Community Futures Trading Commission (CFTC) has charged two US residents, Sam Ikkurty and Ravishankar Avadhanam, for their involvement in a cryptocurrency ponzi scheme that stole ove...
Flare Community Targeted by Impersonation Fraud
Vladislav Sopov No, you can’t buy hotly anticipated Flare token FLR on presale before its official mainnet launch Contents No FLR is available for presale And what about FLR/USDT on Bitrue? A nu...
Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are cons...
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times. This comes a day ...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.3: V2 Contract
According to Coffeezilla, the V2 Contract was the project’s first and only original idea. The operators basically modified the fee structure and little else, but SafeMoon did change the code. “The big...
Another Theranos? Do Kwon Stares At Multiple Lawsuits As Investors Sense Fraud In Terra’s Debacle ⋆ ZyCrypto
Advertisement     Last week, a columnist described Terraform Labs’ co-founder Do Kwon as “the Elizabeth Holmes of Crypto.” Elizabeth Holmes is a former CEO of the now-...
Terra Co-Founders to Face Fraud Charges in South Korea
The challenges ahead for Terra’s co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week. As reported by a local media site, Munhwa, an organized grou...
Legit Or Fraud: NFT Project Claims It Is Featuring Mighty No.9 Maker and Mega Man Artist Artworks
Mighty No. 9 creator and Megaman artist Keiji Inafune is reportedly being involved in a latest project called Beastroid. Its roadmap showed how owners of Beastroid will eventually be able to traverse ...
Trump—Without Evidence—Sows Pennsylvania Fraud Claims As Vote Count Drags On
Topline Votes are still being counted in Pennsylvania’s hotly contested GOP Senate primary, but former President Donald Trump is already shaping a narrative that the sluggish pace is because of a behi...
Terra Investors Reportedly Preparing to Sue Do Kwon for Fraud
Key Takeaways South Korean investors are reportedly preparing to sue Terraform Labs CEO Do Kwon for fraud over Terra’s $40 billion collapse. Per the local news media report, the plaintiffs will ...
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.2: Pheonix
A new chapter in the exciting SafeMoon saga. In the previous one, Coffeezilla introduced the story, explained how the token functions, and took us through the first part of the alleged rug pull. This...
US SEC Charges Allianz Global Investors with Multibillion-Dollar Fraud
On Tuesday, the US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authoriti...
New York crypto company CEO arrested by FBI, charged with fraud
The CEO of a New York City cryptocurrency company was arrested by the FBI on Thursday and charged with running a $59 million fraud scheme. A criminal complaint filed in Manhattan federal court charged...
Be Cautious LUNA and UST Investors If You Don’t Want To Get Coaxed In A Fraud
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Tax investigators identify potential $1 billion crypto Ponzi scheme, reports say
International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations in the coming weeks, including one case that could be a $1 billio...
Crypto CEO Arrested in New York for Wire Fraud Offences
Eddy Alexandre, the founder and Chief Executive Officer of EminiFx, has been arrested by law enforcement agents as he faces charges bothering on one count each of commodities and wire fraud respective...