Binance partners with IdentityMind for KYC compliance
The exchange has previously partnered with Chainalysis, but the partnership with IdentityMind makes it so that Binance can work harder to meet regulations all around the world.
Latest fraud News
AriseBank CEO pleads guilty to $4.2M fraud
Jared Rice has entered a guilty plea to one charge of securities fraud, but could have implicated himself in lying to investors during his time at AriseBank.
CEO pleads guilty to selling ‘Bitcointopia’ land he didn’t own
Morgan Rockcoons is no exception pitched the idea of a “Bitcointopia” to many individuals last year, offering to sell them land that he claimed to own in Nevada.
Bitcoin Private accuses HitBTC of fraud, blackmail following delisting
In a letter written by the Petros Law Group, more details behind the delisting of Bitcoin Private have come to light.
South Korea creates task force to fight crypto fraud
South Korean authorities want to make sure that consumers are protected from fraud and other crimes, especially in the nascent cryptocurrency world.
UK’s Financial Conduct Authority flags ‘illegal’ Next Coin Market
The regulator, which is responsible for overseeing the financial services sector in the country, flagged a firm called Next Coin Market, which it said had been falsely claiming FCA authorization.
‘Money falling from sky’ businessman arrested again for fraud
Wong Ching-kit is learning not to draw too much attention to himself the hard way, as he’s now been arrested by Hong Kong’s Commercial Crime Bureau for running a mining related fraud scheme.
My Big Coin founder arrested, charged with fraud
Randall Crater, founder of My Big Coin and MBC crypto, is being charged with four counts of wire fraud and three counts of unlawful monetary transactions.
FBI seeks BitConnect victims’ help in their investigation
The investigation in BitConnect’s alleged Ponzi scheme continues, and the FBI is looking for help to get to the bottom of it.
India launches new group to fight crypto, cyber crimes
India's Union Home Minister, Rajnath Singh, inaugurated the newly-created National Cyber Forensic Lab (NCFL) which will focus its energy on investigating and resolving crypto-related crimes, as well as other types of cyber fraud.
Court orders crypto startup to pay $6M for deceiving investor
A court in the Southern District of New York has found a crypto startup and its founders guilty of duping an investor.
California court indicts two men for SIM swapping to steal crypto
Two men used fraud and extortion, targeting crypto investors and executives with their scheme.