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19 members of a family booked for duping siblings of over ₹1 crore in cryptocurrency scheme

Based on the complaint lodged by the 42-year-old man, the case was registered at the Rabodi poli…

PTI   


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Why is actor Tamannaah Bhatia being questioned by the ED for a money laundering case?

The case is part of a broader crackdown on fraudulent online schemes and illegal betting tied to cr…

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5 mins read

Will Caroline Ellison get jail time for her role in the $11 billion FTX fraud scheme? Here's what the judge must weigh.

Caroline Ellison likely won't do time for her role in FTX's collapse, ex-prosecutors say, though th…

Jacob Shamsian   


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2 mins read

After F&O trading platform, CoinSwitch's founders launch zero-commission Mutual Funds with Lemonn

PeepalCo's Lemonn platform is now offering zero-commission Mutual Funds, competing with top Indian …

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Two men arrested in Estonia for $575 million cryptocurrency laundering scheme

The indictment comes at a volatile moment for the crypto industry, as the market has plummeted and …

Kieran Press-Reynolds   


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A crypto trading platform that recruited users through prayer circles was a pyramid scheme that made $1 billion for its 'Reverand CEO,' lawsuit says

NovaTechFx, once one of the fastest-growing financial platforms, now faces a lawsuit that says it s…

Kenneth Niemeyer   


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3 mins read

Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds

The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…

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SBF's attorney tried to blame the FTX collapse on the turbulence of cryptocurrency in general

An attorney for Sam Bankman-Fried pointed to the volatility of the cryptocurrency market and how it…

Lloyd Lee,Katie Balevic   


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Billionaire investor Bill Ackman says Terra's algorithm sounds like the 'crypto version of a pyramid scheme'

Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate"…

Cheryl Teh   


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A former Coinbase executive is among 3 charged in the first-ever crypto insider trading scheme

The Justice Department alleged that the former executive attempted to flee the US when Coinbase rea…

Jennifer Sor   


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1 min read

The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated

US District Judge Jed Rakoff wrote that the Securities and Exchange Commission has plausible reason…

Filip De Mott   


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A crypto trader known as 'Coin Signals' pled guilty to swindling millions from investors by promising returns of nearly 150%

To hide his trading losses, Jeremy Spence used new investor funds to pay back other investors that …

Matthew Fox   


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2 mins read

The Justice Department sentenced a Swedish man to 15 years in prison for a $16 million crypto-fraud scheme

Roger Nils-Jonas Karlsson's fraud targeted financially insecure investors, the DOJ said, causing ma…

Isabelle Lee   


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7 mins read

Sam Bankman-Fried tried to pin his fraud scheme on his closest friends. Then they turned on him for it.

As SBF rose to fame and became a billionaire, he planted the seeds of his own downfall when he made…

Katie Balevic   


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A crypto hedge fund manager was sentenced to over 7 years in prison for running a Ponzi scheme

Stefan Qin, who lied about returns on his $90 million cryptocurrency fund and used money to fund hi…

Emily Graffeo   


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5 mins read

Here's how an accused crypto fraudster known as the 'CryptoQueen' allegedly started a $4 billion Ponzi scheme and went on the run with 230,000 bitcoin

Ruja Ignatova, the cofounder of the now-defunct OneCoin, is wanted by the FBI for allegedly running…

Will Daniel   


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2 mins read

BitConnect promoters pay 190 bitcoin and $3.5 million to settle SEC allegations over lending scheme

Three individuals linked to BitConnect's crypto lending scheme have settled with the SEC without ad…

Sophie Kiderlin   


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Jennifer Sor   


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The IRS predicts billions in cryptocurrency seizures from fraud schemes next year after taking $3.5 billion this year

One of the high-profile cases this past year was the $1 billion seizure of thousands of bitcoin rel…

Natasha Dailey   


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3 mins read

US regulator SEC sues five Bitconnect promoters in a $2 billion crypto trading Ponzi scheme

After three years of investigations, the US Securities and Exchange Commission (SEC) has sued fi…