News with the tag "Fraudulent"

The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.

17.8 Billion Won in Damages from ‘Fraudulent Exchanges’ in South Korea In a concerning update for the South Korean cryptocurrency community, the Financial Services Commission (FSC) has disclosed that customer deposits totaling 17.817 billion won (approximately $12.9 million) are held by 11 crypto ex...

Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy.

Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”

The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including the m...

A US banking regulator says a Bank of America employee, Manuel Alejandro Ramirez Perez, has illegally accessed customers’ accounts, leading to tens of thousands of dollars in losses. The Office of the Comptroller of the Currency (OCC) alleges Perez engaged in unsafe or unsound practices and violated...

Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official verification, added...

ShibArmy Scam Alerts has issued a critical warning to the Shiba Inu community about the rise of fraudulent schemes promising SHIB rewards. The Shiba Inu team has clarified that no official SHIB rewards distribution is currently taking place. Beware of Scams As Shiba Inu’s popularity grows, so do the...

The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6...

The LayerZero sybil bounty event starts May 18, and users who report fraudulent addresses will be rewarded by May 31. Self-reporting sybil addresses, by May 17, receive 15% of their The post LayerZero Sybil Bounty Event Will Be Launched With 15% Allocation For Reported Fraudulent Addresses appeared ...