FBI nabs crypto wash trading scheme on Uniswap
FBI investigators have charged a UAE-based crypto firm with generating fake trading volume using wash trading algorithms on Uniswap’s decentralized exchange. The U.S. Attorney’s Office for the District of Massachusetts announced a settlement with CLS Global after undercover FBI agents uncovered the firm’s involvement in market manipulation and wire fraud. CLS Global, described as a […]
Pump.fun meme coins “ponzi scheme” say Burwick Law founder
Max Burwick has called Pump.fun “the evolution of MLM scams,” accusing it of exploiting investors—and now his law firm is preparing a lawsuit. On Jan. 15, Max Burwick—founder and Partner at Burwick Law—voiced strong criticism against platforms like Pump.fun as examples of what he calls “the ultimate evolution of multi-level marketing scams, preying on human […]
UK Treasury confirms crypto staking falls outside collective investment scheme regulations
Staking will not be considered a collective investment scheme in the United Kingdom, according to a recent amendment by the U.K. Treasury. U.K. Authorities have updated a section of the Financial Services and Markets Act 2000, which regulates financial markets in the U.K., to clarify that crypto staking is not a “collective investment scheme.” Staking […]
Argentina freezes $3.5m in USDT amid investigation into Rainbowex Ponzi scheme: report
A court in Argentina has ordered the seizure of a crypto wallet containing $3.5 million in Tether’s USDT stablecoin. The Argentine Justice Department has taken control of a $3.5 million (USDT) wallet, which is part of a larger investigation into Rainbowex, a trading Ponzi scheme. As part of the crackdown, authorities have frozen not only […]
IcomTech execs set to pay over $5M for fake Bitcoin trading scheme
At least four of IcomTech’s operators are now behind bars after receiving prison sentences of up to 10 years this year. Source link
