News with the tag "crypto fraud"

Gotbit founder Aleksei Andriunin, currently facing crypto market manipulation and wire fraud, has reached a plea deal with the US federal prosecutors, agreeing to forfeit about $23 million in crypto. Prosecutors had initially stated that Andriunin could face a maximum sentence of 20 years in prison ...

Singapore’s Minister of State for Home Affairs, Sun Xueling, has strongly warned against crypto investments, citing the growing number of fraud cases linked to digital assets. During a parliamentary debate on the Ministry of Home Affairs’ budget on March 4, she emphasized that cryptocurrency’s anony...

Disclaimer: The information in this article was translated using artificial intelligence from a foreign source. Have you committed crypto fraud? Now, in addition to fines and jail time, authorities can also subject you to caning—at least, that's what's being reportedly considered in Singapore. Crypt...

A former girlfriend of a cryptocurrency fraudster, known in the industry as “The Godfather,” has admitted to a federal tax charge stemming from her involvement in his illicit activities. Iris Ramaya Au, 35, is accused of failing to report more than $2.6 million in earnings obtained through her forme...

Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide , including a city of Mentor resident, have...

The Federal Bureau of Investigation has implicated North Korean-backed hacking groups in a major cryptocurrency heist involving $1.5 billion in digital assets. The cyberattack targeted Bybit, a Dubai-based cryptocurrency exchange, making it one of the largest crypto thefts publicly known. This incid...

A Russian national accused of cryptocurrency market manipulation has been extradited to the United States to face federal charges. Aleksei Andriunin, the Gotbit Founder, appeared in a Boston court following his extradition from Portugal, where he had been residing. Gotbit Founder Extradited to US Ov...

The crypto industry has been shaken by the controversy surrounding the LIBRA token, with KIP Protocol issuing an official statement denying involvement in the project’s launch. KIP clarified that it neither initiated nor directed any activities related to the LIBRA token and was merely invited to as...

A former payroll processing staff member at Bybit, Ho Kai Xin, has recently been sentenced to nine years and 11 months in jail on February 20. The charges stemmed from her fraudulent activities that involved defrauding ByBit Fintech, a Seychelles-based cryptocurrency exchange, of over $5.7 million. ...

Key Takeaways: SafeMoon CTO Thomas Smith is attempting to reverse his non-guilty plea on criminal charges related the company’s crypto fraud scheme. Smith and co-defendants Kyle Nagy and Braden John Karony were indicted back in November 2023. Karony’s trial is slated to begin at the end of the next ...