The U.S. Securities and Exchange Commission has filed charges against eight individuals involved in a crypto scheme called CoinDeal, according to a Jan. 4 press release. The SEC said in its complaint ...
Tag: Scheme
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...
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...
Self-proclaimed Satoshi slams XRP as a Ponzi scheme, says Ripple will deflect
In the midst of a legal dispute with the U.S. Securities and Exchange Commission (SEC) over Ripple’s alleged unlawful sale of $1.3 billion worth of XRP tokens, self-proclaimed “Satoshi Nakamoto,” Crai...
North Korean hackers mimic crypto VCs in new phishing scheme
Kaspersky, a cybersecurity lab, is raising the alarm over renewed phishing tactics by the BlueNoroff group. The hackers are sponsored by North Korea which is financially motivated to profit from its c...
North Korean hackers are pretending to be crypto VCs in new phishing scheme: Kaspersky
BlueNoroff, part of the North Korean state-sponsored Lazarus Group, has renewed its targeting of venture capital firms, crypto startups and banks. Cybersecurity lab Kaspersky reported that the group h...
Self-proclaimed Satoshi slams XRP as ‘useless pump and dump scheme’
As Ripple is in the eye of a storm facing the United States Securities and Exchange Commission (SEC) in a court case after the regulator sued the blockchain company for illegally selling over $1.3 bil...
Craig Wright calls XRP a Pump-and-Dump Scheme, Ripple CTO responds
Twitter witnessed its latest feud revolving around cryptocurrency recently. It all started with Craig Wright, the self-proclaimed creator of Bitcoin, stating that institutional investors cannot adopt ...
Craig Wright Calls XRP ‘Useless Pump & Dump Scheme’, Ripple CTO Hits back
XRP News: David Schwartz, Ripple CTO and Craig Wright, self proclaimed Bitcoin creator got into a war of words over BTC adoption by institutional investors. However, this heated conversation took a wr...
Self-Proclaimed Satoshi Calls XRP “The Most Useless Pump-and-Dump Scheme”
Alex Dovbnya A heated Twitter debate between Australian computer scientist Craig Wright and David Schwartz, Ripple’s chief technology officer, has caught the attention of cryptocurrency followers A he...
Co-Founder of $4,000,000,000 Crypto Pyramid Scheme Faces 60 Years in Prison
The co-founder of a gigantic $4 billion crypto pyramid scheme is pleading guilty to money laundering and wire fraud charges, according to the U.S. Department of Justice (DOJ). Karl Sebastian Greenwood...
Visa proposes Ethereum auto-payment scheme
Visa has proposed a blockchain account design that could allow Ethereum users to arrange auto-payments from a self-custodied wallet. The payments giant described its approach in a blog post on Monday,...
Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; CoinDesk Market Index Drops
One of the founders behind OneCoin, Karl Greenwood, pleaded guilty to federal charges on Friday after one of the largest financial scams of all time, according to the U.S. Department of Justice. This ...
OneCoin’s co-founder pleads guilty to running crypto Ponzi scheme
OneCoin’s co-founder and the Cryptoqueen’s associate has pleaded guilty to running a Ponzi scheme. Millions were duped into purchasing a deceptive virtual currency that caused billions of dollars in s...
Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; ‘CryptoQueen’ Still Wanted
“Karl Sebastian Greenwood operated one of the largest international fraud schemes ever perpetrated,” said Damian Williams, U.S. Attorney for the Southern District of New York. “Greenwood and his co-co...
SEC sues Atlas Trading for $100M stock manipulation scheme
The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and ...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme – Bitcoin News
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt...
Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT ‘Scheme’
In total, the lawsuit names 37 defendants, including the founders and leadership team at Yuga Labs; MoonPay and its CEO, Ivan Soto-Wright; Reddit co-founder and investor Alexis Ohanian; NFT artist Bee...
Leader of Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
Finiko was popular in Russia in 2020-2021, marketing itself as a crypto investment fund. The company, which had been conducting public events and openly advertising itself, operated as a multilevel ma...
US DOJ charges former CTO of blockchain company for fraud scheme
The US Department of Justice said it has arrested Rikesh Thapa, the former chief technology officer of a blockchain company, for allegedly defrauding his company of over $1 million. The DOJ did not na...
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme – Security Bitcoin News
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. ...
Former FTX users say the failed crypto exchange was a ‘Ponzi scheme.’ Here’s how those work, and what we know about how Sam Bankman-Fried operated
Until recently, Sam Bankman-Fried, or SBF, was crypto’s golden boy, known for building his cryptocurrency exchange, FTX, into a $32 billion giant in just two years. But the disheveled, left-leaning 30...
Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’
Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether. According to Reed, who...
Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation – Featured Bitcoin News
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their...
Elon Musk Says Twitter Is Launching A New Color-Coded Verification Scheme Next Week — Here’s What We Know So Far
Topline Twitter owner Elon Musk on Friday announced a new color-coded scheme for verifying accounts—a manual process that could strain the company’s shrunken workforce—that comes hot on the heels of a...
Estonian Police Arrests Two Scammers In $575 Million Scheme
The crypto industry has seen massive growth in recent years. And since the mainstream adoption accelerated, cybercriminals and scammers also ramped up their efforts to deceive innocent users in crypto...
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...
Mango Market Hacker Loses Millions in Failed Aave Scheme
A notorious crypto trader, who gloated just last month about making away with over $100 million in a controversial price manipulation maneuver, appears to have lost millions on a similar exploit attem...