Malaysia Pair Face Caning for Alleged $37K Bitcoin Fraud

Per a Bloomberg report, executives from Tether Limited, the company behind stablecoin USDT, could face a criminal probe for alleged bank fraud. The investigation is currently ongoing with the U.S. Justice Department and is focused on specific events. According to three anonymous sources cited by Bloomberg, the probe is investigating if Tether Ltd. Held information […]

A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and....

Buyers who invest in trendy new projects are harmed by a so-called NFT rug pull or other related scams. However, the crypto space’s pseudonymous nature does not mean that alleged crooks may always vanish without repercussions, as a pair of NFT inventors learned. The US Department of Justice charged two men with fraud and money […]

The brother and sister team will face charges of wire fraud, securities fraud, and conspiracy for their alleged roles in the Ormeus Coin ICO. A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme. On Mar. 8, the Securities and Exchange Commission (SEC) charged siblings John Albert Loar Barksdale and sister JonAtina (Tina) Barksdale with violating federal securities laws and allegedly defrauding at least 12,000 “retail investors out of more than $124 million.” The Department of....

Remitano, a Vietnam-based P2P platform for trading bitcoin, has expanded its services across the English-speaking world. The company is targeting bitcoin exchangers, investors and users of remittance services, beginning with Asian countries, including Vietnam, Malaysia, Cambodia and China. Leading sources of traffic on Remitano besides Vietnam are Nigeria and Malaysia. Focus: Fraud Prevention. “Our new platform will help bring bitcoin to everyone, by means of preventing fraud and scamming among the bitcoin community,” said CEO and co-founder Dung Huynh. “Bitcoin fraud is a problem that is....