Crypto Crime News

On October 10, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Cumberland DRW, accusing the firm of operating as an unregistered dealer.

South Korean lawmakers have launched an investigation into Upbit, the nation’s largest cryptocurrency exchange, amid concerns about its monopolistic influence in the virtual asset market.

The FBI reportedly launched its own cryptocurrency, ‘NexFundAI Token,’ as part of a sting operation to expose and apprehend fraudulent actors in the crypto space.

U.S. prosecutors have unveiled charges against four crypto companies and 14 individuals in what they describe as the first criminal case addressing market manipulation and fraud in the digital currency space.

A recent ruling by the U.S. District Court for the District of Columbia indicates that Bitfinex is likely the sole entity eligible for restitution concerning the 119,754 BTC that was stolen during the notorious 2016 hack.

Revolut, the digital banking app, reported blocking over $621 million in potentially fraudulent transactions involving both crypto and fiat currencies during 2023.

FTX has filed a motion to settle with Caroline Ellison, the former Alameda Research CEO, requiring her to relinquish nearly all her assets.