The owner of a firm called CabbageTech has been arrested and charged with duping investors out of over $200,000 in cryptocurrency and cash.
Coinbase’s Director of Data Science and Risk Leaves to ‘Build From Scratch’
Soups Ranjan, who worked at Coinbase since 2015 as director of data analysis and fraud prevention, has left the crypto exchange to start something new.
FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud
The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.
Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator
Colorado’s securities watchdog has issued four more cease-and-desist orders against suspect ICOs, taking its total since May to 18.
Russian ICO That Impersonated Bank Hit With Cease-and-Desist
North Dakota has issued a cease-and-desist order against a Russia-based ICO for copying a bank’s website to promote “potentially fraudulent securities.”
CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud
A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.
Malaysian Government, Universities Team to Put Degrees on a Blockchain
Malaysia’s education ministry has formed a new consortium of universities to issue and verify degrees on the NEM blockchain.
Public Company’s Crypto Claims Draw SEC Scrutiny, Trade Suspension
The SEC has suspended trading in a company claiming to have registered an upcoming ICO with the regulator.
Twitter Promoted a Fake Elon Musk Crypto Giveaway Scam
A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto scam Thursday.
Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges
The CFTC has filed charges against two individuals for allegedly impersonating the regulator in an effort to defraud bitcoin investors.
Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds
The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to hoax local investors.
In First, FINRA Files Fraud Complaint Against Crypto Broker
The Financial Industry Regulatory Authority (FINRA) has filed a securities fraud complaint against a cryptocurrency broker.
Belgian Government Issues Cryptocurrency Fraud Warning
Belgium’s top financial regulator has issued a new warning about cryptocurrency scams.
AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor
Michael Terpin is suing AT&T, claiming the company’s failure to protect his cell phone data lead to hackers stealing $24 million in cryptocurrencies.
SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban
The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called “fraudulent.”
BitFunder Operator ‘Close to’ Plea Bargain in SEC Fraud Case
The operator of defunct bitcoin investment platform BitFunder is negotiating a plea deal over criminal charges laid against him by the SEC.
US Judge Delays Crypto Fraud Ruling Pending CFTC Response
A judge in New York has postponed a decision on a crypto fraud lawsuit until the CFTC can explain how it calculated damages.
Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case
The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.
Trump Task Force to Aid Crypto Crime Investigations
President Trump has signed an executive order establishing a new task force that targets consumer fraud, including those involving “digital currency.”
Industrial Giant GE Eyes Blockchain in Fight Against 3D-Printing Fakes
General Electric wants to use a blockchain to verify 3D-printed parts in its supply chain, according to a recently published patent filing.