A federal jury in the Eastern District of New York convicted former SafeMoon CEO Braden Karony on May 21 of conspiracy to commit securities fraud, wire fraud and money laundering after a 12-day trial that began on May 5. He now faces up to 45 years in prison and the forfeiture of illicit gains. Prosecutors […]
SafeMoon Ex-CEO Found Guilty on Every Charge Read More »
The SEC on Tuesday charged crypto project Unicoin and three of its senior executives with running a fraudulent offering that raised more than $100m from thousands of investors. The complaint names CEO and board chairman Alex Konanykhin, former president and board chairwoman Silvina Moschini and former chief investment officer Alex Dominguez. It accuses them of
SEC Charges Crypto Project Unicoin Over $100M Token Sale Fraud Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A co‑founder of Blum, a crypto project built into Telegram Mini Apps, was arrested this week in Moscow on fraud charges. Vladimir Smerkis, who once ran Binance’s operations in Russia, now faces an investigation under Article 159 of the Russian Criminal Code. His detention
$15M Gone? Telegram Crypto Project’s Co-Founder Arrested For Alleged Fraud Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A US citizen from Springfield, Virginia has been sentenced to over three decades in federal prison after being convicted of using cryptocurrency to financially support the Islamic State (ISIS), a group designated as a foreign terrorist organization by the US government. According
Court Convicts US Man in ISIS Crypto-Funding Case; Sentenced to Over 30 Years Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Thieves have opened a new front against cryptocurrency users with fake letters delivered by regular postal mail targeting owners of Ledger hardware wallets. The letters misleadingly tell recipients they need to confirm their private seed phrases for a “critical security update,” according
Ledger Customers Hit by Seed Phrase Scam Read More »
