$650M Crypto Fraud Charges Dropped: CEO Acquitted Months After Stabbing Incident
A South Korean court has acquitted Lee Hyung-soo, CEO of crypto investment firm Haru Invest, of criminal fraud charges linked to the alleged mismanagement of investor funds amounting to over $650 million. The decision, issued on Tuesday by the Seoul Southern District Court, comes nearly a year after Haru abruptly froze customer withdrawals and shut […]
Related News
A Swedish man arrested last week in connection with a stabbing at a data center used by bitcoin mining firm KnCMiner has confessed to the deadly assault and awaits formal indictment, according to regional authorities. Local news agency NSD reported on 16th February that the incident took place in a server hall at a data center space in Boden, Sweden, used by KnCMiner. The incident reportedly resulted in serious stab wounds against one individual by another. According to NSD, the victim is in his 20s and, as of that report, may have incurred life-threatening injuries. The incident....
Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud. John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied to his cryptocurrency operations and his so-called....
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities According to Newspim, the 5th Investigation Team of the Seoul Metropolitan Police Agency made the official announcement. The same local media outlet quoted the country’s prosecutors, who are preparing themselves for the case, as they believe the executives participated in market manipulation....
Five members of the US Army National Guard have been arrested. All of the suspects are involved in an illegal scheme involving stolen credit cards bought with Bitcoin. The news broke on May 23, 2016 when a message appeared on the US Department of Justice website regarding the incident. The official source mentions how four US Army National Guardsmen have....
The US Securities and Exchange Commission (SEC) has filed fraud charges against Unicoin and three of its senior executives over allegedly misleading 5K+ investors. According to the charges, the project promised that its token would be backed by billions worth of international real estate holdings. In reality, its assets were only worth a smidge of […]