Fraud

Crime

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.

Policy & regulation  ·  12 November 2018
NEM

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.

Policy & regulation  ·  9 November 2018
SEC

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.

Markets  ·  22 October 2018
Twitter

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.

Markets  ·  11 October 2018
Bitcoin

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.

Policy & regulation  ·  28 September 2018
Regulation

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.

Policy & regulation  ·  19 September 2018
Fraud

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.

Markets  ·  11 September 2018
Scams

Belgian Government Issues Cryptocurrency Fraud Warning

Belgium's top financial regulator has issued a new warning about cryptocurrency scams.

Markets  ·  6 September 2018
Crime

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 cellphone data led to hackers stealing $24 million in cryptocurrencies.

Policy & regulation  ·  15 August 2018
Regulation

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."

Policy & regulation  ·  14 August 2018
Crime

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.

Policy & regulation  ·  20 July 2018
Regulation

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.

Policy & regulation  ·  13 July 2018
Regulation

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.

Policy & regulation  ·  11 July 2018
Regulation

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."

Markets  ·  11 July 2018
Blockchain

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.

Business  ·  28 June 2018