Crimes

Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

Cryptocurrency project OneCoin is denying claims that it is a “hybrid ponzi-pyramid scheme” and scam, news outlet Samoa Observer reported…

US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia,…

US DoJ Charges Group of Individuals Who Stole $2.5 Mln in Crypto Via SIM Swapping

The United States Department of Justice released a fifteen-count indictment on May 9 that charges a hacking group labeled “The…

Bloomberg: Major Crypto Traders Meet to Establish Industry Blacklist, Standards

A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in…

Eight People Allegedly Arrested for Money Laundering Scheme Involving Crypto in Spain

In Spain, eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies, Europol announced in a…

FBI and Israeli Police Take Down Bitcoin-Enabled Darknet Listings Site

Israeli police and the United States Federal Bureau of Investigation (FBI) have arrested at least two men and reported others…

US FTC Sues Startup for Allegedly Misusing Raised Funds on Bitcoins and Credit Card Bills

The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and…

US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Crypto Case

The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a…

Report: Indictment Reveals Connection to Bitfinex, QuadrigaCX’s Shadow Banking Services

The April 30 indictment of two individuals on multiple counts — including bank fraud and operating an unlicensed money transmitting…

New York District Attorney Charges Two for Shadow Banking Crypto Companies

The Southern District of New York Attorney has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency…

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