Tag: CryptoFraud

For the first time in U.S. history, the architect of a so-called NFT “rug pull” scheme has been convicted of a federal crime—and could soon end up behind bars. Aurelien…

It hasn’t been a great year for Caroline Ellison. In just 12 months, the former Alameda Research CEO lost her crypto empire, pled guilty to seven federal counts of fraud…

The US government has formally arrested the founders of the SafeMoon crypto token, John Karony, Kyle Nagy, and Thomas Smith. Moreover, the Department of Justice (DOJ) apprehended the crypto company…

Sam Bankman-Fried’s fraud trial defense will continue into next week, with the fallen crypto mogul taking the stand again Monday to rebut allegations he conspired to defraud FTX customers and…

The highly publicized Sam Bankman-Fried trial is entering its final week, with the prosecution set to rest its case on October 26th. Throughout the last three weeks, more than 20…

The New York Attorney General’s office has filed a lawsuit against Genesis Global Capital, Gemini Trust, and Digital Currency Group (DCG) this morning. The complaint alleges that the three entities…

According to former Alameda Research CEO Caroline Ellison, defunct crypto exchange FTX bribed Chinese government officials with $100 million. Ellison claims the payment was to access a larger pool of…

As the highly publicized trial is underway, FTX co-founder Sam Bankman-Fried came face-to-face with former friends in a vital testimony. Specifically, Bankman-Fried saw both Gary Want, FTX co-founder, and senior…

U.S. prosecutors are seeking to recover assets from two luxury aircrafts allegedly owned by the former CEO of the collapsed crypto exchange Sam Bankman-Fried. The two jets—a Bombardier Global 5000…

In brief, 25 year-old Sam Bankman-Fried co-founded Alameda Research and cryptocurrency exchange FTX in 2017 and 2019, respectively. He quickly grew to be an icon of the industry, garnering mainstream…