6 articles
Canada's Spring Economic Update proposes a federal blanket ban on all 4,000 cryptocurrency ATMs nationwide, citing CAD 704 million in fraud losses last year and calling the machines a 'primary method' for scammers to defraud victims.
A coordinated international operation led by Dubai Police has dismantled nine cryptocurrency investment scam centres and arrested at least 276 people, with three defendants now facing federal wire fraud and money laundering charges in the Southern District of California.
Lewis Kaplan denied Sam Bankman-Fried's motion for a new trial on Tuesday, six days after the convicted FTX founder asked to withdraw the same motion on the grounds that Kaplan would not give him a fair hearing. The judge denied the withdrawal too.
Donald Basile allegedly raised $16 million from hundreds of investors by promising the world's first insured digital asset. No insurer ever issued the policy, and the token is now worthless.
Alex Mashinsky, founder of crypto lender Celsius, was convicted on commodities and wire fraud charges after a trial in federal court.
Celsius founder Alex Mashinsky arrested July 13, 2023, as DOJ, SEC, FTC, and CFTC file coordinated charges over customer fraud and token manipulation.
