The complaint regards a $3.6 million fundraiser in Bitcoin through two online platforms – MyMicroProfits.com and Social Profimatic.
Search Query: #crypto fraud
This is only the first case brought by the CFTC for a manipulative scheme involving digital assets
A Moscow court has ordered that Musatov stays detained for a month over $800,000 crypto fraud.
Blake Kantor, who ran Blue Bit Banc and Blue Bit Analytics, was sentenced to 86 months’ imprisonment.
During the nearly three years that he operated a binary options and cryptocurrency fraud scheme, Kantor stole some $1.5 million from US investors.
In the face of a Court ruling that My Big Coin is a virtual currency, and hence, a commodity under the CEA, Randall Crater insists on the opposite.
The analytics platform allows organizations to avoid interactions with addresses flagged for illicit activities, prevent fraud attempts and help with the tracking and recovery of misappropriated digital assets.
The statement must be sending chills down many spines in New York, a state that adopted cryptocurrencies early on. While many firms have been granted regulatory approval to operate, it is unclear how many unregistered broker-dealers are still out there. We will find out soon enough.
As the cryptocurrency ecosystem comes closer to a boom in decentralized finance (DeFi), it might be prudent to remember the initial coin offering (ICO) mania and the price that many investors paid for being maybe too trusting, greedy, and illiterate.
Danil Potekhin a/k/a cronuswar and Dmitrii Karasavidi have been charged with crimes in connection with an alleged conspiracy to defraud three cryptocurrency exchanges and their customers.
Felton promoted ICOs for two new entities—FLiK and CoinSpark.
Pablo Renato Rodriguez, Gutemberg Dos Santos, Scott Hughes, Cecilia Millan, and Jackie Aguilar have been charged for their roles in an internationally coordinated fraud and money laundering ring responsible for defrauding individuals through investments in AirBit Club.
The regulator is currently in the process of preparing its motion for default judgment against Benjamin Reynolds.
Robert Farkas pleaded guilty to conspiring to commit securities and wire fraud in connection with a scheme to induce victims to invest more than $25 million dollars’ worth of digital funds in Centra Tech.
The regulator has obtained an asset freeze in a case targeting two cryptocurrency-related schemes and the individuals behind them.
The clerk’s certificate of default against Benjamin Reynolds was issued on April 6, 2020.
Simultaneously, the regulator filed a notice of voluntary dismissal of its action against Control-Finance.
Zachary Salter, who claims he co-founded Zima Digital Assets along with Kryp+0 K!ng John Michael Caruso, has pleaded not guilty in a fraud case.
Caruso is one of the key figures behind fraudulent cryptocurrency scheme Zima Digital Assets.
