BitConnect founder charged with $2 billion cryptocurrency fraud
The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors.
Expanding a civil case announced in May, the...
Former Manchester United player charged for role in crypto money-laundering scheme
Anderson, a former Brazilian football team and Manchester United Player, has been charged for allegedly being involved in a crypto money-laundering scheme. According to Globo, the retired midfielder was investigated by a court in Brazil after suspicions of his...
Operator of bitcoin mixer Helix pleads guilty to money laundering conspiracy
An operator of a bitcoin “mixer” has pleaded guilty to conspiracy to launder money, the U.S. Justice Department said on Wednesday.
Larry Dean Harmon, who ran a mixer called Helix, pleaded guilty Wednesday to conspiracy to launder monetary instruments. He...
UK authorities seize Ethereum worth $9.5 million found in USB sticks
Greater Manchester Police’s Economic Crime Unit of the United Kingdom has conducted a seizing of around $22.25 million after intelligence inquiries found USB sticks with significant amounts of Ethereum (ETH). According to the announcement made by the officials, investigators...
London High Court orders Binance to trace hackers behind $2.6 million hack
London's High Court has ordered Binance, one of the world's largest cryptocurrency exchanges, to identify hackers and freeze their accounts after one user said it was the victim of a $2.6 million hack.
In a judgment made public this week,...
China arrest Weibo’s PR executive over bribery allegations
Chinese authorities have arrested a top public relations executive at Chinese social media giant Weibo Corp (WB.O), local Chinese media reported widely on Tuesday.
Mao Taotao, director of public relations at Weibo, is suspected of bribery and had "seriously harmed the...
BitMEX agrees to pay $100m to settle U.S. charges
BitMEX, one of the world's largest virtual currency derivatives exchanges, has agreed to pay up to $100 million to settle U.S. charges of unlawfully accepting customer funds to trade cryptocurrencies when it was not registered to do so as...
South Korea reopen probe into alleged fraud case involving Bithumb
Police have reopened an investigation into an alleged fraud case involving a former chairman of the operator of South Korea's largest cryptocurrency exchange Bithumb, informed officials said Monday.
The Seoul Metropolitan Police Agency has been probing Lee Jung-hoon, former chairman...
Binance faces probe in India over money-laundering scheme involving betting apps
India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter.
The Enforcement Directorate has summoned Binance executives for questioning and...
UK fintech Monzo under investigation over breaches of anti-money laundering rules
The UK’s financial watchdog has said it is investigating digital bank Monzo over potential breaches of anti-money laundering and financial crime rules.
Monzo, which was founded in 2015 and is known for its hot coral bank cards, said it was...