The Securities and Exchange Commission has charged a Texas man with running a crypto fraud scheme that raised $12.3 million from roughly 150 investors by falsely claiming to use AI-powered trading bots to generate …
Tag:
Charges
- NFT & Metaverse
Olympic Sprinter Can’t Outrun Charges in UK Crypto Fraud Investigation
by adminby adminIn brief British sprinter CJ Ujah was among 10 men charged in a U.K. cryptocurrency fraud investigation. Police allege victims were tricked into sharing wallet seed phrases during impersonation calls. Authorities say one victim …
- Bitcoin & Ethereum
KuCoin’s Parent Company Agrees to $500K Civil Penalty to Resolve Charges
by adminby adminKuCoin’s parent company will pay $500,000 to resolve CFTC charges, marking a fraction of the $300 million it previously agreed to pay the DOJ over similar charges. The parent company of KuCoin will pay …
The US authorities have charged Cambodian businessman Chen Zhi, chairman of Prince Holding Group, for allegedly running one of the largest cryptocurrency fraud operations in history. The Justice Department seized over 127,000 bitcoins—worth about …
- Altcoin Highlights
Crypto OG Roger Ver Settles US Tax Charges with Nearly $50M Deal
by adminby adminKey Notes Ver’s settlement covers alleged tax evasion of $48M tied to Bitcoin holdings he held before renouncing US citizenship in 2014. The agreement allows charges to be dismissed after one month if Ver …
Gespa, a Swiss gambling authority, filed a criminal complaint against FIFA for its NFT collection. The regulator claimed that competitions for on-chain rewards may constitute unregistered betting. Still, though, this complaint is non-binding. Gespa …
