A developer of the Mutant Ape Planet non-fungible token (NFT) collection has been arrested in New York on fraud charges. A Jan.5 United States Department of Justice announcement reveals that according...
Tag: Fraud
Mutant Ape Planet NFT developer arrested for fraud: All you need to know
Aurelien Michel, the creator of Mutant Ape Planet, has been arrested in New York. Michel is being charged with defrauding investors to the tune of $2.9 million. U.S. authorities have arrested the man ...
Mutant Ape Planet NFT developer charged with fraud for selling ‘worthless asset’
The Department of Justice for the Eastern District of New York unsealed a criminal complaint on Jan. 5 against Mutant Ape Planet developer Aurelien Michel for defrauding investors. Michel was arreste...
Founder Of Multi-Million Dollar NFT Rugpull ‘Mutant Ape Planet’ Facing Fraud Charges
Federal charges are coming down on a twenty-four year old NFT project developer who rug pulled his NFT collection, running off with nearly $3M in funds. It’s the latest federal pursuit of crypto rugpu...
NY Attorney General to sue Celsius ex-CEO for fraud
New York Attorney General Letitia James took to Twitter to announce she will file a lawsuit against former Celsius CEO Alex Mashinsky for defrauding investors. Celsius ex-CEO faces legal action The Ne...
SEC Investigating $45 Million Blockchain based Crypto Scheme Fraud
According to its Press Release published on January 4th, 2022, U.S. Securities and Exchange Commision “(SEC) charged the creator of the CoinDeal crypto scheme and seven others in connection with $45 M...
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud – Bitcoin News
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsiu...
New York AG Sues Celsius Co-Founder Alex Mashinsky for Alleged Fraud
Alex Mashinsky, the co-founder and former CEO of bankrupt cryptocurrency lender Celsius Network has been sued by New York Attorney General Letitia James for allegedly defrauding investors, including m...
NY Attorney General Sues Celsius Co-Founder For Fraud
According to the Wall Street Journal, Celsius co-founder Alex Mashinsky was sued by New York Attorney General Letitia James. The government official filed a civil lawsuit against Mashinsky, accusing h...
New York sues former Celsius CEO for fraud
New York’s attorney general filed a lawsuit against Alex Mashinsky, alleging that the former CEO of the now-bankrupt crypto lender Celsius defrauded investors. “The collapse of Celsi...
CoinDeal members arrested on fraud charges, what’s next?
The U.S SEC charged six individuals and two companies related to the CoinDeal investment scheme. CoinDeal raised more than $45 million from unregistered securities sales, alleged the SEC. On 4 January...
$460 million in Robinhood shares seized in FTX fraud case
The US government has seized hundreds of millions of dollars’ worth of shares in Robinhood Markets Inc. as part of the fraud case against Sam Bankman-Fried. According to a report on Bloomberg, t...
Feds Move To Seize FTX’s Robinhood Shares As Sam Bankman-Fried Faces Fraud Charges
Topline Federal authorities have seized or are in the process of seizing more than $400 million worth of Robinhood Markets shares tied to bankrupt cryptocurrency firm FTX, a Justice Department prosecu...
Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Financial Crimes
FTX founder Sam Bankman-Fried pleaded not guilty to a series of financial crimes on Tuesday, appearing before a federal court in New York as part of his arraignment. Gathered in a wood-paneled courtro...
SEC charges eight for $45 million blockchain fraud scheme
The U.S. Securities and Exchange Commission has charged eight individuals and businesses for the alleged sale of unregistered securities via the blockchain tech firm CoinDeal. The accused are N...
Coinbase Reaches Massive Settlement With Regulator After Someone Pulls Off $150,000,000 Fraud Through Exchange
Top US-based crypto exchange Coinbase has reached a settlement with regulators after bad actors stole $150 million using the platform. According to a memo from New York’s Department of Financial Servi...
SEC Charges Former African Gold Acquisition Corp CFO for Setting up $5M Fraud Scheme
The Securities and Exchange Commission (SEC) recently charged a former Chief Financial Officer (CFO) of African Gold Acquisition Corp, Cooper J. Morgenthau, with spearheading a $5 million fraud scheme...
Sam Bankman-Fried Enters a Not Guilty Plea In FTX Fraud Case
2 hours ago | 2 mins read Exchange News SBF extradited from the Bahamas and appeared in federal court in New York. Sam Bankman-Fried pleaded not guilty to federal charges. Former FTX CEO Sam Bankman-F...
Bithumb’s Owner Found not Guilty on Charges of Fraud (Report)
The Seoul Central District Court reportedly ruled that the owner and former Chairman of the South Korean cryptocurrency exchange – Lee Jung-hoon – has not defrauded Kim Byung-gun for 112 billion won (...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud
Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on Jan. 3. The 34th Division of the Criminal Agreement of the Seoul Central District ruled that...
Former Chair of Bithumb Exchange Acquitted in $70M Fraud Case
4 hours ago | 2 mins read Exchange News The issue has been going on since October of last year. Bithumb’s biggest shareholder CEO Park Mo was discovered dead on Dec 30th. On January 3, 2023, the 34th ...
Bithumb Founder Acquitted of Fraud Charges, Dodges Jail Time
Bithumb founder Lee Jung-hoon, who was on trial for allegedly defrauding $70 million, was declared not guilty and dodged a hefty jail sentence. Local media reports confirmed that the executive was acq...
“DCG, A Criminal Fraud” – 3AC Founder Accuses DCG For Terra Collapse
The year 2022 has been one of the most challenging years for the global markets, especially cryptocurrencies. The crypto world had several unfavorable events like bankruptcy where major companies such...
Marquee Musician Jessie Reyez Dreams Of Oxymorons And Masks
Yessie is kind and contemplative. Yessie stands before a mirror before a concert before a dream. Philip Harris Jessie Reyez’s music is an inspiration, a comfort, and a social phenomenon. Her versatili...
FTX Collapse: Bankman-Fried May Plead Not Guilty
Sam Bankman-Fried will start 2023 as he ended 2022 — in court. The fallen former king of crypto is at the heart of one of the biggest scandals that the young blockchain-powered financial servic...
Sam Bankman-Fried Will Plead Not Guilty to Fraud Charges, Faces 115 Years if Convicted: Report
FTX founder Sam Bankman-Fried will reportedly plead not guilty to fraud charges relating to the collapse of the crypto exchange late last year. According to a report from Reuters, Bankman-Fried will e...
Acacia Research says inquiry found former CEO may have misused funds
Acacia Research Corp., a company that buys other companies, and its former chief executive are in a fight that involves allegations of potential misuse of corporate money. Acacia ACTG, -1.17% on Frida...
South Korean Crypto Exchange Execs Arrested For Fraud
V Global, a South Korean crypto exchange valued at roughly 2 trillion won (about $1.5 billion USD), has been subjected to a government investigation, with six of its executives facing arrest and impri...
Sam Bankman-Fried Expected to Plead Not Guilty on FTX Fraud Charges
Disgraced FTX founder Sam Bankman-Fried is expected to enter a plea ofd “not guilty” next week as he faces eight federal charges in the Southern District of New York related to the downfal...