A cryptocurrency transaction went sour for a South Korean businessman, who reportedly lost $2.3 million in BTC after the offline peer-to-peer exchange he was dealing with allegedly gave him fake fiat currency.
Sergey Sholom, CEO of eSports cryptocurrency token MobileGo, has threatened to sue investors and anyone else critical of the company, saying that "all the immature and ridiculous demands will be redirected toward our lawyers for appropriate response."
A cryptocurrency entrepreneur, Michael Terpin, is suing telecommunications giant AT&T Inc. for alleged security lapses that resulted in $24 million worth of cryptocurrencies being hacked from his accounts.
David T. Laurance and Tomahawk Exploration LLC attempted to raise money through the sale of blockchain-based digital tokens called “Tomahawkcoins,” according to the U.S. Securities and Exchange Commission. The ICO was allegedly to be used to fund oil exploration and drilling in the state of California.
The UK Financial Conduct Authority raised the alarm on yet another cryptocurrency-related clone company called Good Crypto, which was reportedly impersonating an FCA-authorized firm to lure investors.
The UK Financial Conduct Authority (FCA) has issued a warning against a clone company called Fair Oaks Crypto, which has been impersonating FCA-authorized firm Fair Oaks Capital Limited to lure investors to its site.
At least 20 investors of a Vietnamese crypto mining company have fallen victim to yet another scam and are now seeking justice after the CEO of Sky Mining reportedly fled the country.
A New York court has found Dillon Michael Dean, a Colorado-based cryptocurrency pool operator, of fraud charges. Dean’s company, The Entrepreneurs Headquarters Limited (TEH) has been the subject of an early 2018 lawsuit by the U.S. Commodity Futures Trading Commission.
Jon Montroll, founder of the now defunct Bitfunder exchange, has pleaded guilty to charges of perjury, obstruction of justice, as well as securities fraud.
The U.S. president signed an executive order for the establishment of a task force that will address “market integrity and consumer fraud.”
Authorities in Ukraine arrested four people believed to be running fake online cryptocurrency exchanges in the country.
The legal challenge concerns a relatively unknown cryptocurrency, My Big Coin, which the CFTC alleges has been involved in a fraud estimated at $6 million.
