Amid turbulence in the digital assets market, fraudulent activities like pig butchering scams continue to proliferate, with the U.S. DOJ recently announcing a million-dollar seizure from sham investments.
Yieldbot promises mouth-watering profits for investors, but U.S. authorities warned that the dApp works in similar fashion as a Ponzi scheme and has the ability to block users' withdrawals.
A path to resolving the U.S. SEC's insider trading charges against the Wahi brothers has opened up following an in-principle agreement between the involved parties, a move that signals a settlement.
A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make up a mere 4.3% of the criminal pie.
The exchange is closing its U.S. operation by end of April 2023 due to “continued regulatory uncertainty.” The platform will suspend all trading on April 14, but customers have until April 30 to withdraw their funds.
The office, first announced in October 2022, builds on and incorporates the Office of Innovation which the regulator established seven years ago to enforce responsible financial innovation.
The U.S. securities regulator has charged Beaxy with operating an unregistered securities exchange and broker, and its founder with raising $8 million through an unregistered offering.
South Korea and the United States are in a tug-of-war game on who gets to keep embattled Terraform Labs founder Do Kwon, who is set to stand trial in Montenegro before his extradition could be processed.
A judge has denied an attempt by Kyle Roche to introduce an expert report which purports to cast doubt on the authenticity of leaked videos implicating Roche and his former firm Roche Freedman in engaging in sham litigation to harass client competitors.
Appearing before the Subcommittee on Financial Services and General Government, Gensler presented his agency’s Fiscal Year 2024 budget request of $2.436 billion, a 12% increase on the previous year.
Sam Bankman-Fried has been accused of offering millions in bribes to Chinese officials in the latest criminal charge against the disgraced founder of the FTX digital asset exchange.
The CFTC says the exchange "violated core provisions" of the CEA and CFTC regulations governing commodities trading by offering unregistered derivatives products to U.S. customers.
