SEC seeks to hold crypto platform Beaxy liable for $5.9M in disgorgement
Beaxy Digital is liable for disgorgement of $5.9 million, together with prejudgment interest thereon in the amount of $1.4 million.
crypto fraud
SEC charges founder and promoter of $1.7bn HyperFund crypto scheme with fraud
According to the SEC’s complaint, from June 2020 through early 2022, Lee and Chunga promoted HyperFund “membership” packages.
Court orders Crowd Machine, Metavine to disgorge more than $19.6M raised in fraudulent crypto offering
The Securities and Exchange Commission (SEC) has obtained a Court order against Crowd Machine, Inc. and Metavine, Inc.
HK regulator warns against HongKongDAO and BitCuped
The SFC has warned the public of suspected virtual asset-related frauds involving “HongKongDAO” and “BitCuped”.
SEC charges SafeMoon, its exec team for fraud and unregistered crypto offering
The SEC today charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ CEO and CTO for a massive fraudulent scheme.
Sentencing of OneCoin leader Konstantin Ignatov poised for further postponement
The DOJ has requested that the sentencing control date for Konstantin Ignatov be adjourned for approximately 60 days.
CFTC files charges against Mosaic Exchange
From February 2019 to June 2021, Mosaic Exchange fraudulently solicited individuals to open accounts with and transfer BTC for Mosaic to trade futures.
Co-founder of AirBit Club sentenced to 12 years in prison
Pablo Renato Rodriguez, the co-founder of AirBit Club with Gutemberg Dos Santos, was sentenced to 12 years in prison.
OneCoin co-founder sentenced to 20 years in prison
OneCoin, which began operations in 2014, marketed and sold a fraudulent cryptocurrency by the same name through a global MLM network.
CFTC orders Jacob Orvidas to pay over $2.5M for crypto fraud and failure to register
The Commodity Futures Trading Commission (CFTC) issued an order today simultaneously filing and settling charges against Jacob Orvidas.
