As the U.S. Securities and Exchange Commission (SEC) continues to tighten its grip over the crypto space, the latest bait for the securities regulator is Terra LUNA creator Do Kwon. Last May 2022, the...
Tag: Fraud
Terraform Manipulates: SEC Charges Do Kwon’s Company for Fraud
The SEC charged Terraform Labs and Do Kwon alleging that the company has been involved in fraud. The Commission told that the platform had been marketing the crypto assets through manipulation. Gary G...
Fox News hosts didn’t believe Trump vote fraud claims
Fox News Channel Host Sean Hannity speaks at the Conservative Political Action Conference (CPAC) in Dallas, Texas, August 4, 2022. Shelby Tauber | Reuters Rupert Murdoch and Fox News hosts expressed d...
Terra Founder Do Kwon Charged by SEC For Multi-Billion Fraud
The U.S SEC charges Terraform and its CEO Do Kwon. Terra Classic (LUNC) price dropped over 5.2% in the last 24 hours. The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its f...
U.S. SEC Officially Charges Do Kwon and TerraForm Labs (TFL) with Fraud
The SEC has charged Kwon and TFL with defrauding unsuspecting crypto investors. The Securities and Exchange Commission has announced charges against TerraForm Labs (TFL) and its founder, Do Kwon, for ...
US SEC files fraud lawsuit against Terraform Labs and Do Kwon
The US SEC has charged Do Kwon and Terraform Labs for committing securities fraud The SEC has also pressed fraud charges in relation to Chai payments The United States Securities and Exchanges Commiss...
SEC Sues Terraform Labs and Do Kwon for Crypto Fraud Involving UST and LUNA
On February 16th, the US Securities and Exchange Commission (SEC) accused Terraform Labs, the Singapore-based company behind the creation of LUNA and UST – native tokens of the Terra ecosystem – and i...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asse...
U.S SEC Sues Do Kwon And Terraform Labs For Fraud
– Advertisement – The SEC has sued Do Kwon and his defunct crypto firm Terraform Labs. The fugitive founder is being charged with orchestrating a multi-billion dollar crypto asset securit...
Celsius Creditors to Sue Executives for Fraud
It has been proposed by the official committee of Celsius creditors that a lawsuit be filed against the company’s co-founder Alex Mashinsky and other executives for “fraud, recklessness, g...
SEC charges Do Kwon with fraud in connection with Terra collapse
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, April 14, 2022. Woohae Cho | Bloomberg | Getty Images The Securities and Exchang...
Eddy Alexandre Pleads Guilty to Commodities Fraud
In a New York district court, Eddy Alexandre, the CEO of a putative cryptocurrency trading platform known as EminiFX, pled guilty to commodities fraud. As part of his plea deal, he agreed to pay back ...
EminiFX CEO Pleads Guilty to $248 Million Fraud as per U.S DOJ
6 hours ago | 2 mins read Bitcoin News The CEO agreed to give back approximately $248 million as per DOJ. Eddy advertised EminiFX as a passive income platform. With his guilty plea to commodities frau...
Crypto, forex platform CEO pleads guilty to $248M fraud scheme
Eddy Alexandre, CEO of purported crypto trading platform EminiFX, has pleaded guilty to commodities fraud in a New York district court, agreeing to pay back millions to investors who lost funds to his...
Kazakhstan plans to reduce tax fraud and unlawful business operations
Kazakhstan, which is one of the main centres for Bitcoin (BTC) mining in the world, has revealed intentions to establish new crypto legislation in order to cut down on tax fraud and illegal business a...
Fraudster Tricks a Longmeadow Single Mom Into Crypto Fraud
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
A New Kind Of Fraud Emerges; Inflation Causing A Scaled Down Spring Break
Fraudsters Double Down on Returns Abuse As more shoppers continue to move online, so has returns abuse. However, this form of fraud has become a severe drain on many merchants’ bottom line. Fraudsters...
Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud
Ishan Wahi, a former product manager at Coinbase Global Inc., has entered a guilty plea to two charges of conspiracy to conduct wire fraud in a case that has been dubbed the first insider trading case...
Elderly man fought Chase bank for years to recover stolen funds before his death
In the spring of 2020, James Vesey worked at a U.S. Postal Service building in midtown Manhattan, sorting mail and unloading trucks. With stringent security protocols in place at the federal facility,...
US prosecutors seek postponement of fraud charges by CFTC, SEC against SBF
U.S. prosecutors have asked that the fraud cases against FTX founder Sam Bankman-Fried not proceed until the conclusion of the government’s criminal case against him, according to court documents. Dam...
UK Banks Blocking Crypto Access Given Fraud, Volatility, Lawmakers Told
“We’re very supportive of the regulation and the regulators looking at regulation of crypto, our focus will always be about customer outcomes in that context,” said Charlie Nunn, CEO of Lloyds B...
US Prosecutors Want to Delay CFTC, SEC Fraud Cases Against Sam Bankman-Fried
U.S. prosecutors have asked that the fraud cases against FTX founder Sam Bankman-Fried not proceed until the conclusion of the government’s criminal case against him, according to court documents. Dam...
Signature Bank Faces Lawsuit Over Involvement in FTX Fraud
Algorithmic trading firm Statistica Capital filed a putative class-action lawsuit against the crypto-friendly Signature Bank for its alleged knowledge of fund commingling between bankrupt exchange FTX...
Signature Bank Lawsuit Alleges It ‘Substantially Facilitated’ FTX Fraud
New York-based Signature Bank has been slapped with a class-action lawsuit alleging it facilitated FTX’s activities prior to the crypto exchange’s collapse last November. The lawsuit, file...
Anthony Scaramucci Claims SBF Is Guilty of “Betrayal” and “Fraud”
In a recent interview, bitcoin bull and former White House communications director under Donald Trump Anthony Scaramucci compared former FTX executive Sam Bankman-Fried to Bernie Madoff, the man who o...
US DoJ calls for independent fraud investigator for FTX
The U.S. Department of Justice (DoJ) has called for U.S. Bankruptcy Judge John Dorsey to appoint a separate, independent third-party examiner to investigate FTX’s bankruptcy further. US DoJ calls for...
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud – Bitcoin News
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an establishe...
3 Website Operators Lured Romance-Seeking Victims Into Their Fraud
The New Jersey Bureau of Securities has issued a cease and desist order to the owners of three websites, instructing them to stop attempting to con people who are looking for love into investing in th...
Promoter of Crypto Fraud Scheme Forced to Part with $17 Million
A federal judge in the region of San Diego, California has ordered the leader of a crypto fraud scheme to pay as much as $17 million in restitution fees to more than 800 traders and investors that all...
Self-proclaimed Bitcoin creator calls XRP fans a ‘cultist army,’ labels Ripple a complete fraud
Craig Wright, a computer scientist and self-proclaimed Bitcoin (BTC) creator, has extended his criticism of the Ripple ecosystem and its backers. In particular, Wright has called the XRP fans a ‘cult...
Silvergate Is in the Crosshairs of DoJs Fraud Squad: Shares Down
DoJ’s Fraud Squad is questioning Silvergate for hosting accounts linked with SBF, FTX, and Alameda. The bank is not accused of anything but is only being questioned for involvement and if they knew s...