Cryptocurrency fraud

India's Ministry of Home Affairs (MHA) is taking steps to address the rise in cryptocurrency-associated illicit activities by initiating the development of the Cryptocurrency Intelligence and Analysis Tool (CIAT). This endeavor is spearheaded by the Indian Cyber Crime Coordination Centre, an...

Avraham Eisenberg, a trader involved in a staggering $110 million cryptocurrency theft, will stand trial in a New York court on Dec. 4. U.S. District Judge Richard Berman in Manhattan announced the trial date for Eisenberg, who faces charges including commodities fraud, commodities...

The U.S. Securities and Exchange Commission (SEC) has taken emergency action against BKCoin Management and its principal, Kevin Kang, following their alleged involvement in a cryptocurrency fraud scheme. What Happened: The SEC alleged BKCoin, which is based in Miami, and Kang raised $100...

Approximately one-quarter, or 24%, of cryptocurrency tokens launched in 2022 showed indications of being involved in pump-and-dump fraud, according to Chainalysis. This type of fraud, which is prevalent in traditional finance, is executed when scammers promote stocks they own to other investors,...

The U.S. Commodity Futures Trading Commission (CFTC) charged the self-proclaimed digital artist Avraham Eisenberg on Jan. 9 with two counts of market manipulation in relation to an exploit on the decentralized finance platform Mango Markets. Eisenberg was charged on a related...

Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, will reportedly plead to criminal charges alleging that he defrauded investors and misused billions of dollars in customer funds. The 30-year-old is scheduled to be arraigned on Jan. 3, 2023, in front of U.S. District Judge Lewis...

The United States Department of Justice said Thursday it was filing a civil complaint to seize millions of dollars worth of cryptocurrency linked to two attacks on virtual currency exchanges by alleged North Korean hackers. What Happened: Prosecutors are moving to seize 280 accounts, which they say...

United States Department of Justice on Tuesday said it has unsealed an indictment charging five individuals for international fraud, money laundering and defrauding individuals through a purported cryptocurrency company. What Happened The five individuals — Pablo Renato Rodriguez,...