Browsing the "Fraud" Tag

Longfin Must Pay $6.8 Million After Court Backs SEC Fraud Complaint

| Daniel Palmer

A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its public offering and Nasdaq listing.

Crypto Escrow Firm Chief Charged Over Alleged $7 Million Fraud

| William Foxley

A man faces charges by the U.S. Attorney's Office and the CFTC over claims he took money for bulk bitcoin orders that were never delivered.

Binance Helped UK Police Investigate Criminal Involved in $50 Million Fraud

| Daniel Palmer

The exchange said it helped British police bust a cybercriminal who sold phishing tools that resulted in the theft of millions of pounds.

Canadians Charged for $220,000 Bitcoin Scam on Twitter

| Daniel Kuhn

Two Canadian nationals posed as HitBTC customer service representatives in order to steal a user's login credentials.

Regulators File Cease and Desist Against Craigslist Scam Promising 900% Crypto Returns

| Daniel Kuhn

Since launching a sweeping investigation of the crypto industry, the Texas State Securities Board has filed 24  administrative orders.

Prosecutors File Formal Complaint Against Infamous BTC-e Crypto Exchange

| Daniel Kuhn

Prosecutors have filed a complaint against the infamous crypto exchange BTC-e calling a haven for crime.

South Korea Estimates 2-Year Losses From Crypto Crimes at $2.3 Billion

| Daniel Palmer

Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks.

UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime

| Daniel Palmer

The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.

bitcoin, post office

$200,000 in Bitcoin Seized in Dark Net Drug Probe

| Daniel Kuhn

In total, authorities seized 20 kilograms of MDMA, over seven kilograms of Ketamine, over 10,000 Xanax pills, and more than $100,000 in cash.

Firm That Saw Stock Boost After Crypto ‘Pivot’ Hit With New SEC Charges

| Nikhilesh De

The SEC filed fresh fraud charges against Longfin Corp. on Wednesday, alleging the company falsified its accounting. Longfin's stock price jumped…