Coinflux services frozen on heels of CEO’s arrest
Vlad Nistor, the CEO of Coinflux, was arrested by local law enforcement, and Coinflux has frozen all services.
Latest fraud News
AriseBank founders to pay millions over ICO fraud charges
AriseBank acting CEO Jared Rice and founder Stanley Ford, has now been slapped with a $2.7-million fine by a U.S. federal court.
What’s in a name? Blockchain Terminal ICO fraudster allegedly has ‘two identities’
The promoter behind the Blockchain Terminal (BCT) initial coin offering (ICO) has been unveiled as a disgraced Canadian fraudster who had adopted a fake persona, in an elaborate scheme that fooled employees as well as investors.
Mt. Gox former CEO says he didn’t do it
Mt. Gox former CEO, Mark Karpeles, is now in a court in Tokyo, responding to accusations that he embezzled millions from the exchange during his tenure.
US regulator calls for global cooperation to stop fraudulent ICOs
Initial coin offerings (ICOs) are outright frauds that need to be stopped, according to the U.S. Securities and Exchange Commission (SEC).
Illegally plugging fraud ICO leads to $750K penalty for Mayweather, DJ Khaled
Securities regulators in the United States have fined two celebrities who were found to have failed to disclose that they were paid to promote initial coin offerings.
AriseBank CEO arrested by FBI over $4M scam
The Federal Bureau of Investigation has arrested the co-founder of a crypto platform following his indictment on charges that resulted in millions of dollars in losses to a number of investors.
Cyprus court drops charges against BTC-e founder
Alexander Vinnik, who allegedly founded the BTC-e cryptocurrency exchange before running off with everyone’s money, just got a brief reprieve.
Alleged BTC-e operator goes on hunger strike to protest extradition
Alexander Vinnik, a former cryptocurrency exchange executive accused of using BTC to launder billions of dollars, is preparing to go on hunger strike.
Silicon Valley exec loses $1M in SIM card hack
This past July, a Californian man barely out of his teens was arrested for his involvement in a theft ring that stole over $5 million through the scheme.
Colorado securities comes after new batch of alleged fraud ICOs
Commissioner Gerald Rome of the state Division of Securities gave the go-ahead for action against 18 new ICOs in addition to two that are still outstanding, after the division’s ICO Task Force identified potential regulatory breaches.
North Dakota securities chief clamps down on ‘fraudulent’ Union Bank Coin
The North Dakota Securities Commissioner has issued a cease and desist order against Union Bank Payment Coin, over suggestions it had been promoting fraudulent securities in the form of its recent initial coin offering.