#cryptofraud
Crypto

Former FTX CEO, Bankman-Fried pleads not guilty to Chinese bribery charges

On March 30, the former FTX CEO, Bankman- fried pleaded not guilty to the alleged bribery and campaign finance violations involving a Chinese government officials. The founder of the failed cryptocurrency trading platform has previously pleaded not guilty to eight other charges. It was regarded by the prosecutors as one of the biggest financial frauds in United

Read More
Crypto

FTX founder Sam Bankman-Fried accused of Chinese bribe

Failed FTX founder Sam Bankman-Fried was charged with directing $40million bribe to a Chinese official to unfreeze assets relating to his cryptocurrency business. In the new charges against the former FTX CEO, he was accuse of paying off a Chinese official to gain access to trading accounts frozen by Chinese authorities. The prosecutor added that the

Read More
Crypto

Venezuela Regulator Shuts Down Some Cryptocurrency mining facilities

Venezuela has shut down several crypto mining facilities and exchanges as part of an ongoing investigation into alleged government corruption. The move is a measures taken by the government to crack down on cryptocurrency activity. Furthermore, the closure which was ordered by the Venezuelan National Superintendency of Crypto Assets and Related Activities (SUNACRIP), is believed to be

Read More
Crypto

TerraForm Lab Co-founder Do Kwon’s Challenges Extended Detention Period in Montenegro

Do Kwon, who was recently arrested at Podgorica airport in Montenegro for attempting to fly to Dubai using fake documents. Following his arrest, the Montenegrin court approved a 30-day extension to Kwon’s detention period, which is longer than the usual 72-hour period allotted by authorities. The legal team representing Kwon confirmed that they will be appealing against the Montenegrin court’s

Read More
Crypto

Crypto lender Kokomo steals $4million in wrapped Bitcoin via exit scam

An optimism-based decentralized finance (DeFi) platform, Kokomo Finance has perpetrated an exit scam, stealing nearly $4 million in users’ funds through “exit scam” over the weekend. According to blockchain security firm CertiK, Kokomo’s developers deployed an attack contract cBTC from the main address of the KOKO native token on Sunday, and then resetted the reward

Read More
Crypto

US Charges Bulgarian Woman in $4B crypto Fraud Case

A Bulgarian woman extradited to the United States for her role in a $4 billion crypto pyramid scheme adds to a growing list of law enforcement actions against perpetrators of the OneCoin Ponzi scheme. Irina Dilkinska, 41, was head of “legal and compliance” for OneCoin, but “accomplished the exact opposite of her job title and

Read More