Missing Thodex CEO may face 40,000+ years behind bars in new indictment
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
Latest Crypto Crime Cartel News
Regulatory crypture: FTX pins ‘light touch’ hopes on CFTC
Controversial “crypto” exchange FTX hopes the CFTC will vanquish the SEC in the regulatory turf war over which branch of the U.S. government gets primary oversight of digital assets.
BTC v Ripple in proof-of-climate-change dust-up
The co-founder of ‘crypto’ token/commodity Ripple wants BTC to shift to a Proof of Stake consensus mechanism, apparently because he believes the hobbled BTC tech is still not hobbled enough.
Axie Infinity’s Ronin Bridge hacked for over $600M in ETH and USDC
The attack on Ronin Bridge came after five of its validator nodes had their private keys compromised; transactions on Ronin Bridge are paused to ascertain that no further funds can be stolen.
Mt. Gox gives former customers a token of appreciation (but still no money)
Former CEO Mark Karpeles tweeted that a "commemorative NFT" would be available to anyone who could prove they were a Mt. Gox customer before it went out of business in 2014.
Binance halts Ontario operations—for real this time
Nine months ago, the cryptocurrency exchange announced it would leave Ontario following a regulatory crackdown, only to later claim it can operate even without the watchdog’s approval.
Lobbyists continue to peddle lies about digital currencies as big money flexes in Washington
In an era where there are widespread calls to get big money out of politics in order to protect democratic processes, ‘crypto’ is going the other direction.
Ethereum isn’t that great, and neither is Vitalik Buterin
TIME magazine's lengthy profile in March of "Vitalik Buterin, the most influential person in crypto" contains many of the myths and tropes such as "decentralization" and energy consumption.
BTC tries new ‘Sanction Evader’ narrative, fails miserably (again)
BTC maxis desperate to prove their utility-free token has some functional purpose should tread carefully before promoting it as a tool for wealthy Russians to evade economic sanctions.
BitMEX exec Samuel Reed pleads guilty to Bank Secrecy Act violations, faces 5 years in jail
Samuel Reed, along with Arthur Hayes, Benjamin Delo, and Greg Dwyer, are accused of knowingly operating a BTC trading platform that had a lax anti-money laundering program and failed to conduct basic KYC checks.
US feds arrest 4 suspects in $44M BTC Ponzi schemes
The CFTC and DOJ charged the four with defrauding investors through Empowercoin, Ecoinplus, and JetCoin, which were described as digital asset multi-level marketing scams.
Bitfinex sued over failure to safeguard stolen EOS
The integrity-challenged parent company of dodgy cryptocurrency exchange Bitfinex has been sued by a man who accuses the exchange of failing to safeguard hundreds of thousands of dollars’ worth of stolen EOS tokens.