The ASIC has filed a lawsuit against Liang Allan Guo, a former Blockchain Global executive. It accused Guo of owing over $20 million in unpaid customer claims. This allegation is in regard to the first-ever Australian crypto exchange collapse of the ACX. Guo served as a director at the Blockchain
The US Securities and Exchange Commission filed fraud charges against Unicoin and its executives. It claimed that the company has made several false claims regarding its native token and raised $100 million from investors. The top executives who are facing the heat of the SEC’s charges are the CEO of
The Federal Prosecutor in Argentina, Eduardo Taiano, has strengthened the LIBRA cryptocurrency investigation. It pursues the freezing of $100 million of relevant assets and reinstatement of previously deleted social media posts, even those posted by President Javier Milei. Notably, the probe began after President Milei promoted the LIBRA token on
Grant Colthup, the former CEO of Mine Digital, faces serious fraud charges for allegedly stealing $1.5 million from a customer. This transaction occurred just two months before the firm collapsed in September 2022. The Australian Securities and Investments Commission (ASIC) announced the charges on October 21, detailing a transaction that
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of Bitcoin. Meanwhile, Ryan Salame, the former FTX executive’s 7-and-a-half-year prison sentence began in the past day. In reflection, the FTX token
The United States attorney for the Eastern District of North Carolina has announced that nearly 5 million dollars worth of Tether USDT has been seized from a crypto scam. These funds were traced to cryptocurrency addresses associated with the laundering of unclean funds stolen from victims by following a ‘Pig
The fraudulent digital wallets held roughly 34 cryptocurrencies. The funds are worth 6 crores rupees ($7,72,471). An official said on Tuesday that the Pune police has filed a charge sheet in a court against an ex-IPS officer and a cyber specialist in connection with an alleged multi-crore cryptocurrency fraud. In
