Terra.money, known for its secure digital transactions, has temporarily frozen its website to protect customers from further phishing scams. The move follows reports of scams on social media and emails which have been circulating since the company’s launch.
The US Securities and Exchange Commission (SEC) has accused a crypto-based fund of misleading investors with false information and promises. The SEC has vowed to take further legal action against the fund for its deceptive tactics.
The US Securities and Exchange Commission has been accused of allegedly pushing for a fake opposition letter to block a major Bitcoin ETF in December 2020. It ignited an uproar in the crypto-world and drew focus to the lingering debate about the regulation of the industry.
Four people were charged with fraud after allegedly defrauding hundreds of investors in a cryptocurrency and precious metals scam. They are accused of stealing millions of dollars in profits.
The U.S. Commodity Futures Trading Commission (CFTC) is taking action against what it alleges is a fraudulent “blockchain” entity. The CFTC said it has filed charges against the entity claiming to grow customer funds.
The US Department of Justice is reportedly considering bringing fraud charges against Binance to minimize the impact of the company’s alleged violation of US sanctions laws. Charges could include wire fraud and money laundering.
The US Department of Justice has announced the creation of a new task force dedicated to enforcing laws against crypto-based crimes signaling a stepped up approach to combating cryptocurrency related criminal activity
An Istanbul court has sentenced Thodex founder Faruk Fatih Özer to seven months in prison on charges of “aggravated fraud” and “forming a criminal organization.” The ruling comes as the scandalous crypto exchange continues to unravel.