Crypto Frauds

Highlights: Fenwick denies a role in FTX, as it argues the lawsuit relies on flawed claims and stale information from past cases. Plaintiffs cite Nishad Singh’s testimony, but Fenwick says it only gave routine legal advice on common founder loans. […]

Highlights: Braden Karony is facing 45 years in prison after a fraud conviction linked to SafeMoon token misuse. SafeMoon used funds from the platform to buy expensive personal items in different locations. Prosecutors revealed a secret access to the liquidity […]

Highlights: South Korea has launched a permanent crypto crime unit to fight fraud. The unit has indicted 74 people and arrested 25 suspects since its inception. Authorities believe the unit will improve cooperation to deal with crypto fraud. The Seoul […]

Highlights: Authorities charged Brent Kovar with defrauding 400 investors of $24 million in a crypto scam. Kovar made false promises and misleading claims to lure investors into Profit Connect. Kovar faces up to 330 years in prison and a $4.5 […]

Highlights: North Dakota’s House Bill 1447 proposes stricter regulations on crypto ATMs to protect residents. Some argue that proposed withdrawal limits and fees could lead to a de facto ban.  In 2023, North Dakota residents lost $6.5M to crypto scams, […]

North Carolina Attorney General (AG) Josh Stein issues a public warning about escalating BTC ATM scams in the state, advising residents to stay vigilant of fraudulent schemes. Josh highlighted cautions to avoid scams, including unsolicited requests for cryptocurrency payments, online […]