FTX’s Sam Bankman-Fried faces digital dark age for violating bail conditions
U.S. District Court Judge Lewis Kaplan has ordered SBF to refrain from using VPN when accessing the internet from his house arrest at his parents’ home in California.
U.S. District Court Judge Lewis Kaplan has ordered SBF to refrain from using VPN when accessing the internet from his house arrest at his parents’ home in California.
John DeMarr, founder of B2G and StartOptions, paid actor Steven Seagal to promote that investing in his tokens would yield an 8,000% return on investment.
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
The founder of My Big Coin, a scheme found to be a sham, becomes the first digital asset executive to be convicted by a federal jury, leading to a decision that will see him land 100 months in prison.
The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in 2016 and has processed nearly $4.6B in transactions since May 2018.
The DOJ's filings indicate that the project's founders diverted the funds and began operating a "textbook Ponzi scheme by paying earlier Bitconnect investors with money from later investors."
In a classic rug pull, Aurelien Michel allegedly absconded with the funds and abandoned the Mutant Ape Planet project, leaving thousands of investors with worthless digital collectibles.
The DoJ and the SEC are probing DCG’s transactions with Genesis, while prosecutors in New York are seeking documents as well as interviews with staff.
SBF pleaded not guilty to charges that include wire fraud, commodities fraud, securities fraud, conspiracy to commit said frauds, and campaign finance violations.
Non-U.S. FTX customers argue that their identities should be kept hidden during court proceedings, as revealing them could put them at risk of scams and identity theft, a call opposed by the DOJ.
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.
Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.