Terra co-founder Daniel Shin faces fresh fraud charges
Daniel Shin allegedly ignored warnings from the Financial Supervisory Service and continued telling investors that Terra's stablecoin would debut on e-commerce platforms.
Daniel Shin allegedly ignored warnings from the Financial Supervisory Service and continued telling investors that Terra's stablecoin would debut on e-commerce platforms.
Financial losses relating to digital assets reported to Action Fraud between October 2021 and September 2022 jumped to £226 million ($273 million)—well more than those reported for general fraud.
The defendants allegedly used fabricated documents and fraudulent representations to siphon the majority of investor funds for their personal use, federal authorities said.
Alex Quinit, co-founder of Twala, notes that the core purpose of the Self-Sovereign ID is to give individuals greater control over how their data is shared while limiting misuse by bad actors.
SEC's public disclosure revealed that the two Astrazion firms were "engaged in investment-taking activities without the required license or registration which is not authorized by this Commission."
The state’s Department of Justice (DoJ) launched a webpage dedicated to all classes of digital assets designed to guide residents considering putting funds in them.
Cryptogix leveraged social media to offer investments to the public while claiming to provide 100% returns in as little as 90 days, according to the Philippines’ securities regulator.
The memorandum of agreement also details plans to brief the public on the best ways to protect themselves from scammers through campaigns and other related activities.
Between October 2018 and September 2022, the CFPB received more than 8,300 virtual currency complaints, “the majority in the last two years.”
Joseph Calata and his business entities have accumulated a total aggregate liability of over $6.8 million with the matter instituted in Caloocan City, according to court filings.
Jim Lee, head of the IRS criminal investigation department, noted that the cases are in their “hundreds,” with the bulk being in the field of “off-ramping” transactions.
Darknet fraudster James Zhong could face 20 years in prison for stealing more than 50,000 BTC tied to the Silk Road marketplace using nine of his accounts that processed over 140 transactions.