Fraud

Highlights: 50 Cent’s X account was hacked to promote a fraudulent cryptocurrency called GUNIT. The hack led to a memecoin rug pull, causing investors to lose over $300 million. The token’s price spiked and crashed within 24 hours, revealing the […]

Highlights: NY Attorney General recovered $50 million for over 230,000 defrauded investors from Gemini’s Earn program. The settlement prohibits Gemini from operating any crypto lending programs in New York to protect investors. Gemini must also assist with ongoing litigation against […]

Highlights: Terraform Labs and Do Kwon agree to pay $4.47 billion to the SEC in a fraud settlement. The settlement permanently bans Terraform Labs and Kwon from trading crypto asset securities. Kwon must transfer $204.3 million to the Terraform bankruptcy […]

Highlights: Ilit Raz charged by the SEC with defrauding investors, falsely inflating Joonko’s revenue and customer base. Legal proceedings against Raz include SEC charges and a criminal case by the U.S. Attorney’s Office. Erica Y. Williams continues as PCAOB Chair, […]

New York Attorney General Letitia James has initiated a lawsuit against Cynthia Petion, Eddy Petion, and others for running a complex series of cryptocurrency pyramid schemes allegedly defrauding many investors, including over 11,000 New Yorkers. Primarily targeting individuals of Haitian […]

Highlights: Investors Chan Wing-yan and Herbert Lam filed a civil lawsuit against JPEX for over HK$1.85 million. The plaintiffs discovered their assets were transferred to unknown wallets shortly after deposit. The police reported 73 arrests related to the JPEX scandal, […]