According to a court document filed on July 25 in the Northern District of California, BTC-e and its executive Alexander Vinnik have been indicted for the alleged crimes of conspiracy, money laundering, unlawful monetary transactions, and operating an unlicensed exchange. The…
Tag: Fraud
Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud
A 33-year-old man in the Netherlands has been arrested for bitcoin mining fraud worth over €2 million ($2.2 million). Dutch tax authority’s investigative department, FIOD, announced the news Monday, saying that the man was a director of two private limited…
US Judge Delays Crypto Fraud Ruling Pending CFTC Response
A federal judge has postponed any decision on a crypto fraud case brought by the Commodity Futures Trading Commission (CFTC) against alleged scammer Patrick McDonnell. Judge Jack Weinstein of the Eastern District of New York wrote in a court order Thursday…
Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud
The three co-founders of cryptocurrency firm Centra Tech have all been indicted by a grand jury, the U.S. Attorney for the Southern District of New York announced Monday. Raymond Trapani, Sohrab Sharma and Robert Farkas have all been accused of…
Tough Tokens: Theranos Fraud Holds Harsh Lessons for Crypto
Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what…
Fake ‘Telegram ICO’ Websites Just Won’t Go Away
Would-be investors in Telegram’s multibillion-dollar initial coin offering (ICO) have quickly become a favorite target for scammers. CoinDesk has identified as many as nine more websites claiming to sell the Telegram token after previously reporting on another fake website, which claimed…