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Crypto Criminals' Days Numbered As India Deploys CIAT
Friday, September 22, 2023 - 10:51am | 478India'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...
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New York Court Sets Date For Landmark $110M Mango Markets Crypto Fraud Case
Friday, June 16, 2023 - 10:21am | 577Avraham 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...
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BKCoin Management And Its Principal Face SEC Charges: Potential Ponzi Scheme, Inflated Bank Balances And More
Monday, March 6, 2023 - 3:42pm | 340The 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...
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24% of Last Year's Cryptocurrency Tokens Involved In Pump-And-Dump Fraud
Thursday, February 16, 2023 - 12:04pm | 414Approximately 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,...
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Digital Artist Avraham Eisenberg Charged With Crypto Market Manipulation By CFTC
Tuesday, January 10, 2023 - 1:47pm | 540The 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...
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Sam Bankman-Fried Set To Enter A Plea On Fraud And Embezzlement Charges In FTX Case
Wednesday, December 28, 2022 - 3:32pm | 303Sam 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...
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US Goes After 280 Cryptocurrency Accounts Linked To North Korean Hackers
Friday, August 28, 2020 - 3:30am | 326The 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...
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Justice Department Charges Five For Alleged $20M Cryptocurrency Mining Fraud
Wednesday, August 19, 2020 - 3:05am | 305United 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,...