Gotbit founder extradited to the US to face market manipulation charges
Gotbit founder and CEO Aleksei Andriunin was extradited to the US on Feb. 25, the US Attorney’s Office, District of Massachusetts said. The 26-year old Russian national was arrested in…
Nigerian government drops money laundering charges against Binance executive
Tigran Gambaryan and Binance have been accused of laundering more than $35 million Nadeem Anjarwalla, a colleague of Gambaryan, was also detained, but managed to escape on a Middle Eastern…
US charges 18 people, companies for crypto fraud
US has charged 14 people and four companies for fraud and market manipulation among other illegal activities. The prosecution says this is the first criminal case involving cyptocurrency companies over…
Curve Finance considers dropping TUSD from crvUSD backing amid SEC charges
Curve Finance is considering dropping TUSD from crvUSD backing amid SEC charges. The SEC alleges TUSD was mostly backed by a risky offshore fund, not U.S. dollars. Proposed changes include…
SEC charges two brothers in $60 million Ponzi scam
The Securities and Exchange Commission filed charges against Jonathan Adam and Tanner Adam over a $60 million Ponzi scheme. SEC says it received emergecy relief to freeze the brothers’ assets…
SEC charges Abra for offering unregistered crypto securities
SEC has charged Abra with securities violations related to the crypto platform’s Abra Earn program. The regulator previously charged Genesis and Gemini crypto exchange over securities violations related to Gemini…
BarnBridge DAO agrees to settle $1.7M with the SEC for charges against it
BarnBridge DAO, founders to settle SEC charges for $1.7M over unregistered SMART Yield bonds. SEC alleges failure to register crypto asset securities, cites violation of securities laws. Gurbir Grewal emphasizes…
SafeMoon founders arrested on wire fraud and money laundering charges
SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders…
US Senator asks DOJ to consider criminal charges against Binance and Tether
US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising…
SEC charges Impact Theory with unregistered offering of NFTs
SEC charged US-based media company Impact Theory with offering and touting investment potential of their Founder’s Key NFTs. Impact Theory did not deny nor agree to the charges, but accepted…