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CRIME

South Korea arrests 215 individuals in $232 million crypto fraud scheme

South Korean police have arrested 215 people who took part in a crypto investment scheme that led to losses of over $232 million in damages from 15,304 victims. Investigators have specified twelve lead figures in the crypto scheme. It was primarily led by a YouTuber with over 620,000 subscribers. Victims were advised to “sell their apartments” and invest in fraud tokens with everything they had.

theblock.co • 13/11/2024 - 10:32 AM

ANTI-MONEY LAUNDERING CRIME

China and St. Kitts and Nevis dual citizen pleads guilty in $73 million 'pig butchering' crypto scam

Daren Li pleaded guilty to money laundering in a $73 million cryptocurrency scheme involving fraudulent investment tactics known as 'pig butchering.'

theblock.co • 13/11/2024 - 10:12 AM

CRIME FTX

FTX co-founder Gary Wang seeks to avoid prison time ahead of sentencing

Gary Wang's lawyer argues against prison time, citing cooperation and ignorance of FTX fraud. Wang anticipates sentencing while managing personal challenges and his family's financial stability.

theblock.co • 06/11/2024 - 23:17 PM

CRIME FTX

Former FTX exec Nishad Singh avoids prison time after cooperating with authorities in crypto exchange collapse: reports

Nishad Singh, FTX's ex-engineering director, avoids prison after pleading guilty to fraud, cooperating against Bankman-Fried, while FTX navigates bankruptcy and recovery for creditors.

theblock.co • 30/10/2024 - 20:18 PM

ASIA ASIAN PARLIAMENTS BINANCE BITCOIN CRIME DECENTRALIZED INFRASTRUCTURE EXITS EXPLOITS HACKS LAWSUITS MINING COMPANIES WALLET MAKERS

The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more

DWF Labs dismisses a partner over serious allegations, Bhutan transfers $66 million in bitcoin, a hacker exploits an account, and Consensys lays off 20% of its workforce.

theblock.co • 29/10/2024 - 18:45 PM

CRIME SEC

Prosecutors expected to offer plea deal to alleged SEC hacker who falsely said Bitcoin ETFs were approved

U.S. prosecutors may offer a plea deal to Eric Council Jr., accused of hacking the SEC's social media account, resulting in a false bitcoin ETF announcement and market manipulation.

theblock.co • 25/10/2024 - 16:37 PM

COINBASE COURT HEARINGS CRIME EXPLOITS HACKS

US sentences man to 5 years in prison for $20 million crypto fraud involving fake Coinbase website

An Indian national, Chirag Tomar, was sentenced to 60 months in prison for stealing over $20 million from victims using a spoofed Coinbase website.

theblock.co • 18/10/2024 - 09:38 AM

2024 ELECTIONS BITCOIN COINBASE CRIME CRYPTO DONALD TRUMP GAME KRAKEN PLAY2EARN ROLLUPS SAM BANKMAN-FRIED SEC TOKENIZATION VITALIK BUTERIN

The Daily: FBI arrests SEC hacker behind fake Bitcoin ETFs approval post, Kraken enters the wrapped bitcoin game and more

Kraken launches kBTC; FBI arrests Eric Council for SEC hack; Nishad Singh seeks no jail time; Vitalik Buterin targets 100k TPS for Ethereum; Hamster Kombat plans expansion.

theblock.co • 17/10/2024 - 17:50 PM

CRIME SEC

FBI arrests Alabama man behind SEC social media hack and phony spot bitcoin ETF post

Eric Council Jr., 25, was charged with “conspiracy to commit aggravated identity theft and access device fraud.” The SEC’s X account was compromised earlier this year after a post was put out that falsely said spot bitcoin ETFs had been approved.

theblock.co • 17/10/2024 - 15:53 PM

CRIME FTX

Nishad Singh's defense pushes for no jail time, citing 'limited' role in FTX case

Nishad Singh's attorneys argue against jail time citing his limited role in FTX's failures and his cooperation with investigations as well as remorse for his actions.

theblock.co • 17/10/2024 - 08:33 AM

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