1inch Collaborates with Blockaid to Enhance DeFi Security
Decentralized finance (DeFi) platform 1inch announced a collaboration with Web3 security provider Blockaid to enhance security within its ecosystem. On June 20, 1inch revealed its...
Tag : crypto fraud
NY Attorney General Letitia James Recovers $50M from Gemini
The New York Attorney General’s office announced the recovery of more than $50 million from Gemini, which will be returned to investors in the exchange’s...
Crypto Fraud Losses Down to $52M in May
by Kevin Wilson
Crypto fraud and hack losses decreased by 12% year-over-year, according to a May 30 report from blockchain security firm Immunefi. In total, $52 million was...
Binance Partners with Taiwan to Combat Crypto Fraud
Binance Joins Forces with Taiwanese Authorities In a significant move aimed at thwarting digital asset fraud, Binance’s Financial Crimes Compliance (FCC) Department has teamed up...
Founder of Ace Exchange Charged with Money Laundering
by Anna Garcia
Prosecutors in Taiwan have taken significant action against David Pan, the founder of Ace Exchange, a local cryptocurrency trading platform. Pan, alongside six other suspects,...
FTX Victims Permanently Scarred by Sam Bankman-Fried’s ‘Dumpster Fire,’ Says John Ray
by Cheryl Lee
John Ray III, CEO and restructuring officer of FTX, has vehemently criticized attempts by Sam Bankman-Fried’s legal team to reduce his sentencing, asserting that victims...
$400 Million Crypto Laundering: Bitcoin Fog Founder Convicted
On Tuesday, a two-day deliberation concluded with the jury finding Roman Sterlingov responsible for obscuring the origins of crypto transactions, complicating efforts to trace financial...
US Authorities Seize $1.4 Million in Tether Amidst Fraud Investigation
by Cheryl Lee
A major breakthrough against digital fraud in the cryptocurrency sector was made by the United States Attorney’s Office in Chicago, Illinois. On March 12, Tether...
Ex-CEO Sam Bankman-Fried Sticks with New Legal Team Amidst Conflict of Interest Concerns
by Kevin Wilson
In a startling turn of events, former FTX CEO Sam Bankman-Fried (SBF), who faces sentencing on March 28, 2024, has confirmed his decision to retain...
Guilty Verdict: Ex-FTX CEO SBF Faces Potential 20-Year Sentences
by Cheryl Lee
In a significant legal development, former FTX CEO Sam Bankman-Fried has been found guilty of all seven charges by a jury in his criminal trial...