Crypto Scam

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Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again - The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local new...

Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again – Regulation Bitcoin News

The Estonian government reportedly said it has met the conditions for the men's extradition as set by the Tallinn Circuit Court.

news.bitcoin.com

Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering - Mark Scott, a lawyer entangled in the infamous Onecoin cryptocurrency fraud, was sentenced to 10 years in prison by the U.S. District Court. The sentencing comes after a 2019 conviction. Onecoin Lawyer Mar...

Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering – Legal Bitcoin News

Mark Scott, a lawyer entangled in the infamous Onecoin cryptocurrency fraud, was sentenced to 10 years in prison by the U.S. District Court.

news.bitcoin.com

XRP Ledger’s Clawback Feature Wins Consensus, Boosting CBDC Prospects - In a significant stride for the XRP Ledger (XRPL), the much-anticipated Clawback feature amendment has secured overwhelming support from the network’s validators. Surpassing the critical 80% voting thresho...

XRP Ledger's Clawback Consensus Boosts CBDC Prospects

In a significant stride for the XRP Ledger (XRPL), the much-anticipated Clawback feature amendment has secured overwhelming support from the network's

bitcoinist.com

An online pastor is accused of running a $3m crypto scam. He claims God helped him - Eligio Regalado allegedly targeted the Christian community, telling believers that God had told him investors would end up wealthy if they put money into INDXcoin

Online pastor is accused of a $3m crypto scam. He claims God helped him

Eligio Regalado allegedly targeted the Christian community, telling believers that God had told him investors would end up wealthy if they put money into INDXcoin

independent.co.uk

Hong Kong Flags "Floki" and “TokenFi” Staking Programs - Hong Kong has issued a warning regarding two suspicious investment offerings named "Floki Staking Program" and "TokenFi Staking Program." These programs, enticing investors with promises of sky-high annual returns ra...

Hong Kong Flags “Floki” and “TokenFi” Staking Programs

Hong Kong has issued a warning regarding two suspicious investment offerings named "Floki Staking Program" and "TokenFi Staking Program.

financemagnates.com

A federal judge sentences OneCoin lawyer Mark Scott to 10 years in prison for his role in laundering millions of dollars through the crypto scheme (Turner Wright/Cointelegraph) - Turner Wright / Cointelegraph: A federal judge sentences OneCoin lawyer Mark Scott to 10 years in...

A federal judge sentences OneCoin lawyer Mark Scott to 10 years in prison for his role in laundering millions of dollars through the crypto scheme

By Turner Wright / Cointelegraph. View the full context on Techmeme.

techmeme.com

OneCoin Lawyer Sentenced To 10 Years In $400 Million Crypto Scheme - In a significant and dramatic twist within the intricate narrative of the OneCoin saga, Mark Scott, a former attorney, received a 10-year prison sentence on the previous day from Judge Edgardo Ramos of the US...

OneCoin Lawyer Sentenced To 10 Years In $400 Million Crypto Scheme

In a significant and dramatic twist within the intricate narrative of the OneCoin saga, Mark Scott, a former attorney, received a 10-year prison sentence on

bitcoinist.com

Altcoins to watch amid US notice to sell $130M in BTC from Silk Road - The US government has issued a notice on the sale of over $130 million in BTC linked to Silk Road. Court documents indicate this includes 2,874 BTC seized from drug trafficker Ryan Farace and 58 BTC from c...

Altcoins to watch amid US notice to sell $130M in BTC from Silk Road

The US has issued a notice to sell $130 million in BTC linked to Silk Road. BTC price remains near $40k as market watches Ethereum, Solana and Memeinator.

coinjournal.net

Legal Analysis: Lawyer Decodes The Spot Ethereum ETF Approval Process - In a detailed legal analysis shared via X, Davis Polk lawyer Scott Johnsson dissected the complex path that Ethereum (ETH) must traverse to secure a spot Exchange-Traded Fund (ETF) approval. This deep-dive...

Legal Analysis: Decoding A Spot Ethereum ETF Approval

In a detailed legal analysis shared via X, Davis Polk lawyer Scott Johnsson dissected the complex path that Ethereum (ETH) must traverse to secure a spot

bitcoinist.com

OneCoin’s Lawyer Gets a Decade in Jail for Laundering $400 Million - Mark Scott, the lawyer who laundered $400 million for the OneCoin crypto scam, has been sentenced to ten years in prison. He was convicted of two counts related to bank fraud and money laundering in 2019.The ...

OneCoin’s Lawyer Gets a Decade in Jail

Mark Scott, the lawyer who laundered $400 million for the OneCoin crypto scam, has been sentenced to ten years in prison. He was convicted in 2019.

financemagnates.com

South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’ - The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applica...

South African Regulator Expects to Determine Fate of 50 Crypto License Applications in 'Coming Weeks' – Regulation Bitcoin News

South Africa financial industry watchdog stated 20 entities from the more than 100 entities that applied for a license have withdrawn.

news.bitcoin.com

Wallet provider Trezor reports unauthorised phishing emails aimed at users - Users of crypto wallet provider Trezor have been targeted with an email-based phishing attack, with scammers trying to impersonate Trezor. Malicious emails impersonating Trezor have been aimed at use...

Wallet provider Trezor reports unauthorised phishing emails aimed at users

Users of crypto wallet provider Trezor have been targeted with an email-based phishing attack, with scammers trying to impersonate Trevor.

readwrite.com

FTX-Linked Billionaire Joe Lewis Pleads Guilty To 19 Fraud Charges In The US - In a significant development, billionaire Joe Lewis, formerly associated with bankrupt crypto exchange FTX and known for owning a Premier League football club, has pleaded guilty to 19 fraud charges...

FTX-Linked Billionaire Joe Lewis Pleads Guilty To 19 Fraud Charges In The US | Bitcoinist.com

Billionaire Joe Lewis, formerly associated with FTX, has pleaded guilty to 19 fraud charges related to insider trading in the United States.

bitcoinist.com

Bitcoin scam: FIR reveals multiple irregularities by CCB inspectors - FIR reveals that SIT has found irregularities in the investigation done by police officers on two cases filed in 2020 — one in K.G. Nagar police station and another in Cottonpet station. It further alleges t...

Bitcoin scam: FIR reveals multiple irregularities by CCB inspectors

Bitcoin scam investigation reveals arrests of police officers, illegal custody, hacking, and destruction of evidence.

thehindu.com

Battle Of The Crypto ‘Scammers’? Ape Terminal And MacnBTC Fight Over Sketchy SatoshiVM Launch - Last week, the launch of SatoshiVM and its Ethereum-based token SAVM took the crypto community by storm after a concerted effort by crypto influencers to push the project. Mainly, t...

Battle Of The Crypto ‘Scammers’? Ape Terminal And MacnBTC Fight Over Sketchy SatoshiVM Launch | Bitcoinist.com

Last week, the launch of SatoshiVM and its Ethereum-based token SAVM took the crypto community by storm.

bitcoinist.com

Searching for Guatemala’s Stolen Children - The writer Francisco Goldman has said that Guatemala is a small country with big politics (paraphrasing Joseph Brodsky), while the United States is a big country with small politics. I kept thinking about this observation as I read R...

Searching for Guatemala’s Stolen Children

Journalist Rachel Nolan investigates tens of thousands of forced adoptions and the U.S. policy that enabled them.

newrepublic.com

Dr Craig Wright Offers Settlement To COPA in Legal Confrontations Over Bitcoin - Today, Dr Craig S Wright, who claims to be Satoshi Nakamoto despite providing no concrete evidence, has issued a settlement offer to members of the Crypto Open Patent Alliance (COPA) and all other...

Dr Craig Wright Offers Settlement To COPA in Legal Confrontations Over Bitcoin

Today, Dr Craig S Wright, who claims to be Satoshi Nakamoto despite providing no concrete evidence, has issued a settlement offer to members of the Crypto Open Patent Alliance (COPA) and all other parties involved. The letter, published on Wright's personal blog, outlines the terms of the proposed settlement.The letter from Dr. Wright expresses a willingness to reach settlement on multiple cases of prolonged legal confrontations that he started. The proposed settlement offers to waive Wrights database rights and copyrights relating to BTC, BCH and ABC databases, and “to offer an irrevocable license in perpetuity to my opposing parties who collectively control, operate, and/or own those databases.” It is important to note that Bitcoin (BTC) is a decentralized and distributed ledger, meaning no one individual or organization owns and controls the network.“Obviously if he's not Satoshi (which is COPA's case) then the "database rights and copyrights" are not his to grant licenses to,” reportedly said WizSec Bitcoin Research. “Calvin and Craig probably think they're playing 5D chess by building this "offer" on such an obvious false premise.”A part of Wright's terms is that COPA must not create, copy, or fork Bitcoin. It is important to note that Craig Wright’s Bitcoin Satoshi Vision (BSV), is a fork of Bitcoin Cash (BCH), which was a fork of the first and original cryptocurrency, Bitcoin (BTC).Wright also wrote verbiage in his offer that attempts to continue his stance as self proclaiming himself as Satoshi Nakamoto, demanding in his offer that entities shall cease claiming that they represent Bitcoin, and must publicly acknowledge what he believes Bitcoin was created for. While it may seem to those who are not up to date on these trials that Wrights offer is reasonable, many Bitcoiners in the community who have been involved in reporting on these cases think Wright is just doing this to “keep on scamming with the Satoshi moniker, and avoid jail time for his 500+ self-made forgeries.”“Been following COPA - Wright case pending in UK, and I have to say, in 35+ years of litigating I’ve never seen anything in 35 years like the level of document falsification in a lawsuit by a party,” said J Nicholas Gross of Berkeley IP Law Mastery. “At this point I don't understand how CW's lawyers can continue to represent a party they can clearly see is committing fraud on the court right in plain sight and now with their complicity?”The response from COPA members and other involved parties will be pivotal in determining the trajectory of the dispute. COPA, an organization advocating for patent non-aggression in the crypto community, faces the decision of whether to engage in settlement discussions or continue the legal battle. It has until 4pm on January 31st to review and accept or deny the offer from Dr Wright.

bitcoinmagazine.com

Nexo seeks $3 billion in damages from Bulgaria over aborted investigation - Nexo says the investigations tarnished its reputation and hampered its growth. Bulgarian authorities dropped the Nexo case in December 2023, citing a lack of evidence. In one of today’s biggest cryptoc...

Nexo seeks $3 billion in damages from Bulgaria

Crypto lender Nexo has filed for arbitration with World Bank's ICSID, seeking $3 billion in damages from Bulgaria over aborted investigations.

coinjournal.net

Colorado crypto-pastor and wife hawk worthless scheme to followers, spend $1.3 million living it up, but wait: 'the Lord told us to' - Coloradan pastor Eli Regalado and his wife have been accused of marketing a near-worthless cryptocurrency, INDXcoin, to their followers and es...

Colorado crypto-pastor and wife hawk worthless scheme to followers, spend $1.3 million living it up, but wait: 'the Lord told us to'

"We took God at his word and sold a cryptocurrency with no clear exit."

pcgamer.com

Bitcoin slips below $40k as Bitbot’s presale surpasses $300k - Key takeaways Bitcoin has declined below the $40k level for the first time in nearly two months. Bitbot’s presale has raised more than $300k a week after its launch. Bitcoin’s selling pressure continues as BTC dips...

Bitcoin slips below $40k as Bitbot’s presale surpasses $300k

Bitcoin dropped below the $40k level for the first time in nearly two months but that hasn't dampened Bitbot's presale as it raises $300k in a week.

coinjournal.net

As Jim Harbaugh negotiates with Chargers, NCAA penalties became sticking point of Michigan contract talks - CBS Sports - As Jim Harbaugh negotiates with Chargers, NCAA penalties became sticking point of Michigan contract talks  CBS SportsMichigan Alum Rich Eisen Reacts to Jim ...

As Jim Harbaugh negotiates with Chargers, NCAA penalties became sticking point of Michigan contract talks

Harbaugh is seeking immunity from being fired for potential NCAA violations in two separate ongoing cases

cbssports.com

Pastor of online church faces fraud charges for selling $3.2 million in "worthless" cryptocurrency - CBS News - Pastor of online church faces fraud charges for selling $3.2 million in "worthless" cryptocurrency  CBS NewsColorado pastor accused of pocketing $1.3M in crypto sche...

Pastor of online church faces fraud charges for selling $3.2 million in "worthless" cryptocurrency

Colorado securities regulators allege Pastor Eli Regalado "peddled outlandish promises of wealth" to other Christians.

cbsnews.com

A Colorado pastor accused of pocketing $1.3 million in cryptocurrency scam says the Lord encouraged him to use funds for a home remodel - We Are/Getty imagesA Colorado pastor and his wife are being accused of selling "practically worthless" crypto. Eli Regalado said many of th...

A Colorado pastor accused of pocketing $1.3 million in cryptocurrency scam says the Lord encouraged him to use funds for a home remodel

Colorado pastor Eli Regalado and his wife Kaitlyn are being accused of selling "practically worthless" crypto and using the money for a home remodel.

businessinsider.com