Do Kwon Pleads Guilty in TerraUSD Collapse: 12-Year Sentence, $19M Fine—Justice for Investors? Terraform Labs co-founder Do Kwon has officially pleaded guilty to two felony counts of wire fraud and conspiracy to defraud in a U.S. court in the Southern District of New York, a pivotal moment in the aftermath of the TerraUSD collapse in […]
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T3 Financial Crime Unit Rolls Out T3+ Program with Binance, Freezes $250M in Crypto Fraud Assets The T3 Financial Crime Unit (T3 FCU), a joint force of TRON, Tether, and TRM Labs, has dropped a major bombshell in the fight against blockchain crime with the launch of the T3+ Global Collaborator Program on August 12, […]
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South Korean Bitsonic CEO Hit with Second Jail Term for Crypto Fraud Shin Jin-wook, the CEO of South Korean cryptocurrency exchange Bitsonic, has landed himself another prison sentence, further exposing the underbelly of smaller crypto platforms in a nation obsessed with digital assets. This latest conviction for fraud involving Bitsonic Coin (BSC) is just another […]
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K-Pop Star Park Gyuri of Kara Entangled in Pica Coin Crypto Scandal Amid Ex-Lover’s Fraud Trial Park Gyuri, a founding member of the legendary K-pop group Kara, is caught in a storm of allegations over her ties to Pica Coin, a failed art-themed altcoin, as her ex-boyfriend Song Ja-ho stands trial for fraud and breach […]
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Russian Embassy Demands Answers on WEX CEO Dmitry Vasiliev as Crypto Fraud Case Unfolds The legal quagmire surrounding Dmitry Vasiliev, former CEO of the collapsed cryptocurrency exchange WEX, has escalated with the Russian Embassy in Washington DC pressing the US State Department for updates on his status. Extradited from Poland to the US in late […]
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Crypto Fraud Exposed: London Scammers Jailed for $2M Bitcoin Scam Two Greater London residents, Raymondip Bedi and Patrick Mavanga, have been sentenced to a combined 12 years in prison for masterminding a cryptocurrency scam that fleeced at least 65 investors out of $2.1 million (£1.54 million). Running their operation between 2017 and 2019, a peak […]
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Seven Chinese Nationals Jailed in Nigeria for Cyberterrorism and Crypto Fraud A significant crackdown on international cybercrime unfolded in Lagos, Nigeria, as a federal high court sentenced seven Chinese nationals to prison for orchestrating a sophisticated network of internet fraud and cyberterrorism. Tied to romance scams and fraudulent cryptocurrency schemes, this case lays bare the […]
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Former Celsius CEO Alex Mashinsky Waives Bankruptcy Rights: Accountability or Empty Gesture in Crypto Fraud Case? A stunning turn in the Celsius Network saga has former CEO Alex Mashinsky waiving his rights to bankruptcy distributions, as filed with the U.S. Bankruptcy Court for the Southern District of New York. Alongside three related entities—AM Ventures Holdings […]
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Crypto Startup Founder Charged with $1 Million Fraud: A Warning to Investors Jeremy Jordan-Jones, the founder of the now-defunct crypto startup Amalgam, faces charges for allegedly defrauding investors out of over $1 million in a scheme that highlights the risks in the crypto space. Jeremy Jordan-Jones charged with defrauding investors of over $1 million. Amalgam […]
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SEC Uncovers $110M Crypto Scandal: Unicoin’s Asset-Backed Claims Fall Apart The U.S. Securities and Exchange Commission (SEC) has charged New York-based Unicoin and its executives with orchestrating a $110 million fraud, misleading over 5,000 investors. The case highlights the perils of false promises in the crypto world, particularly around asset-backed tokens. SEC charges Unicoin and […]
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