JPMorgan’s Jamie Dimon says Bitcoin is ‘fraud’
Is Jamie Dimon’s criticism of Bitcoin justified, or is it overshadowed by JPMorgan’s blockchain investments and data showing crypto’s decreasing role in crime? Jamie Dimon fires again When JPMorgan Chase CEO Jamie Dimon speaks, the financial world pays close attention. His opinions on Bitcoin (BTC) are often polarizing, and his latest comments are no exception. […]
Chainalysis acquires AI fraud detection startup Alterya
Chainalysis has acquired the artificial intelligence-powered fraud detection startup Alterya. The blockchain analytics platform announced the acquisition on Jan. 13, with details in a Business Insider report indicating Chainalysis completed the deal at $150 million. Chainalysis’ announcement did not disclose any financial details. Alterya’s AI-powered architecture allows it to identify scammers before they reach their […]
Wolf Capital CEO pleads guilty in $9.4m crypto fraud case
An Oklahoma man admitted to orchestrating a cryptocurrency investment fraud scheme that duped nearly 2,800 investors out of $9.4 million. Travis Ford, 35, of Glenpool, pleaded guilty yesterday to one count of conspiracy to commit wire fraud in connection with his role as CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC. The […]
Do Kwon’s fraud trial scheduled for 2026
Terraform Labs founder Do Kwon’s criminal prosecution appears set for early 2026, as U.S. Attorney Jared Lenow anticipates roadblocks in evidence gathering. District Judge Paul Engelmayer of the Southern District of New York called the scheduling “unprecedented” in his 15 years on the bench. Central to the lengthy discovery period is a large volume of […]
Dutch law student arrested for multi-million crypto fraud
A 24-year-old Dutch law student has been arrested on suspicion of defrauding nearly 300 investors through a failed crypto trading scheme. Police apprehended the man in Hengelo, Netherlands, following months of investigation into allegations of fraud and embezzlement tied to the disappearance of between €1.5 million and €4.5 million ($1.6 million to $4.6 million). The […]
Cyprus police warn public after crypto investor loses $58K to advance fee fraud
Cyprus authorities have urged investors to be cautious after a local lost $58,000 in a cryptocurrency scam that promised lucrative returns. According to a Knews report, the Limassol Criminal Investigation Department is currently investigating a fake crypto trading platform that scammed a 50-year-old man. Notably, the victim came across the phony website in December. At […]
Do Kwon pleads not guilty in US court to fraud charges
A Manhattan hearing today saw Terraform Labs co-founder, Do Kwon, deny charges tied to the TerraUSD collapse. Do Kwon, the co-founder the co-founder of Terraform Labs, pleaded not guilty to criminal fraud charges in a Manhattan federal court on Thursday after being extradited from Montenegro, according to Reuters. The charges stem from his role in […]
California residents indicted in $22m crypto fraud case
Federal prosecutors disclosed an indictment against California residents Gabriel Hay and Gavin Mayo, charging them in a $22 million crypto fraud scheme. The charges come as the FBI reports Americans lost over $5.6 billion to crypto fraud in 2023 — a 45% increase from the previous year. According to ABC News, citing prosecutors, Beverly Hills-based […]
Celcius founder plead guilty due to fraud charges
Celcius, a global crypto and Bitcoin mining company has faced a fraud case since last year. Now, the founder pleaded guilty and agreed to be jailed for 30 years. Alex Mashinsky, the founder and ex-CEO of Celcius Network, is set to plead guilty to fraud charges, Reuters reported on Dec. 03. The federal prosecutor accused Mashinsky of […]
Crypto spy jailed for life in China, YouTuber accused of $230M fraud: Asia Express
Chinese public servant jailed for for selling state secrets for crypto, and Korean YouTuber accused of fleecing $230M from 15,304 followers. Source link
