News with the tag "Bust"

A recent guilty plea in a high-profile hacking case has drawn attention to vulnerabilities in online account security and the ripple effects they can have on cryptocurrency markets. Eric Council, a 25-year-old from Athens, Georgia, has pleaded guilty in the United States federal court to charges rel...

With the rising pig butchering scams and investors losing their hard-earned money, the FBI has to be active in dealing with the scams. Just recently, the authorities have gotten their hands on a year-old case, impacting more than 30 people and the bankruptcy of the Kansas Bank. More importantly, the...

The United States authorities have successfully seized over $6 million in cryptocurrency scam schemes operating out of Southeast Asia. The post U.S. Authorities Seize $6M in Crypto from Southeast Asian Scam Scheme appeared first on TheCoinrise.com .

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising que...

Solana remains robust during the recent market crash, outperforming major TradFi platforms despite its history of outages. TradFi platforms face downtime during a major market crash but Solana network is

FCA arrests two suspects involved in a $1.2B illegal crypto asset exchange, highlighting the agency’s efforts to combat financial crime. The Financial Conduct Authority (FCA) in the United Kingdom said it arrested two individuals suspected of operating an illegal crypto asset exchange. On June 19, t...

As reported on June 12, stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best ...

The US Department of Justice (DOJ) has arrested Yune Wang, 35, a People’s Republic of China national and St. Kitts and Nevis citizen-by-investment, for his alleged role in a botnet

The US Feds arrested two individuals accused of masterminding a money laundering scheme, which involved funneling over $73 million through U.S. financial institutions and ultimately converting the funds into Tether The post Feds Bust $73 Million Crypto Laundering Scheme, Arrested Two Masterminds app...

Chinese police in Panshi City, Jilin arrested six people for running an “underground bank” providing illegal crypto-based operations for clients. Chinese police identified what they called an “underground bank” providing The post Chinese Police Bust Underground Bank Running Illegal Crypto-Based Curr...