Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing in...
Tag : fraud
Washington man gets five years for laundering $97M in fraud proceeds
A Newcastle, Washington, man has received five years in prison for helping move fraud proceeds through bank accounts and crypto exchanges. The U.S. Attorney’s Office...
Coinbase freezes $3M tied to Southeast Asia crypto fraud networks
Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia. ...
SEC charges Texas man with $12.3M crypto fraud using fake AI trading bots
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...
Celsius Founder Alex Mashinsky Files to Have 12-Year Crypto Fraud Sentence Vacated
In brief Celsius founder Alex Mashinsky filed a motion to vacate his 12-year prison sentence. The former crypto lending CEO cited ineffective counsel as a...
Ex-Hodlnaut CEO charged with fraud over Terra exposure claims
Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and...
Ex-Hodlnaut CEO faces 6 fraud charges over Terra claims
Singapore police charged former Hodlnaut CEO Zhu Juntao with six counts of fraud by false representation on May 26. Summary Singapore police charged former Hodlnaut...
Poland passes MiCA crypto bill as Zondacrypto fraud probe deepens
Poland’s lower house has approved a long‑delayed crypto assets bill to align national rules with the EU’s MiCA framework. Summary Poland’s parliament has passed a...
Binance says AI-powered security thwarted $10B in fraud since 2025
Crypto exchange Binance says its artificial intelligence-based security tools helped prevent the loss of more than $10 billion worth of user funds from scams and...
Sumsub CEO warns AI fraud outpaces compliance
Crypto compliance demand is surging as AI fraud evolves faster than firms can respond, Sumsub CEO Andrew Sever says. Summary Sumsub CEO Andrew Sever told...