Fraud

Netherlands: Police Arrest Founder of Blockchain Startup That Raised Over $80M

Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million)…

PwC Analyst: Blockchain Gives ‘Illusion of Traceability’ for Walmart

Experts allege the biggest hurdle facing the blockchain systems being adopted by food retail  giants such as Walmart and Nestlé…

New York Resident Indicted for Crypto Scam, Charged With Wire Fraud

The Office of United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New…

US Prosecutors Charge Founder of ‘IGOBIT’ Token With Fraud

U.S. prosecutors charged Asa Saint Clair, the president of a phony United Nations affiliate, with fraud Wednesday, alleging he defrauded…

ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

In a U.S. Commodity Futures Trading Commission-led case, a court has fined another cryptocurrency investment scheme for fraud and misappropriating…

Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud

Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with…

NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO

The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4…

‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail

A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick…

Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested

The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto…

Fraudulent Transactions in Crypto, Explained

2. Exchanges, businesses, wallets and people that aren’t what they say they are. For example, there might be a crypto…

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