Manhattan District Attorney’s Office probes FTX collapse: Report
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11. Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX.According to a Nov. 14 report from Reuters, a source with knowledge of the investigations said authorities in New York were looking into the collapse of the major crypto exchange following FTX declaring bankruptcy on Nov. 11. The report followed news the state of....
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Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning that money to the victims of these schemes — while raising awareness to prevent future fraud.” $1.3 Million in Cryptocurrency Frozen Manhattan District Attorney (DA) Alvin Bragg announced Thursday that his office has “frozen more than $1.3 million in cryptocurrency during fraud investigations conducted over the past ten months.” Bragg detailed,....
The Turkish regulator joined the United States and the Bahamas in investigating the exchange's fall. Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.Along with FTX, the agency will look into people and institutions related to the platform — including banks, electronic money institutions and crypto-asset providers — according to an official statement from Nov. 14. The regulator also noted that it had been monitoring FTX’s activities in accordance with the country’s....
John McAfee, a software developer, and entrepreneur was indicted with fraud, tax evasion, and money laundering conspiracy. According to the indictment filed by the US Attorney’s Office of the Southern District of New York, McAfee and other accomplices allegedly obtained over $10 million with illicit activities related to cryptocurrencies. McAfee was accused of using his […]
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday. Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges.According to a Wednesday report from News1 Korea, the Joint Financial and Securities Crime Investigation Team of the Seoul Southern District Prosecutors Office raided the offices of Upbit, Bithumb, Coinone, Korbit and Copax as well as other businesses connected to....
Two individuals tied to the now-defunct US bitcoin exchange Coin.mx have been extradited to the US from Israel, prosecutors announced today. The US Attorney’s Office for the Southern District of New York announced today that Gery Shalon and Ziv Orenstein have been extradited after being arrested last year. Both appeared in Manhattan court today and have been indicted on securities fraud and computer hacking charges. The two plead not guilty, according to The Wall Street Journal. Shalon is alleged to be the owner of Coin.mx, an exchange based in Florida that has been tied to a string of....