fraud

On March 24th, it was reported that the founder of Terraform Labs, Do Kwon, had been arrested by police in Montenegro for several hours before federal prosecutors in New York charged him with fraud. According to the indictment, Kwon is charged with conspiracy to defraud, commodity fraud, securities fraud, telecommunications fraud, and conspiracy to manipulate the market. In February, the United States Securities and Exchange Commission (SEC) filed civil charges against Terraform and Do Kwon, accusing them of fraud against investors and selling unregistered securities and securities swaps. Interpretation of…

According to reports, New York prosecutors have accused Terra co founder Do Kwon of fraud and will seek to extradite Terra co founder Do Kwon to New York. Interpretation of this information: The recent news reports have come up with explosive allegations about the Terra co-founder Do Kwon being charged with fraud. It has been reported that the New York prosecutors have leveled the charges against Kwon and are now seeking to extradite him back to the US. The charges against Kwon are related to financial misconduct, which he allegedly…

According to reports, according to a court document, FTX hopes to deprive the Bahamas subsidiary of its right to claim for FTX assets and rule that the company is legally invalid. FTX’s current CEO, John J. Ray III, stated that the company is only a shell company and has been established and operated as an offshore safe haven for ongoing fraud plans, with the aim of further accusing Sam Bankman Fried (SBF) of fraud. According to the document, the assistance of the Bahamas authorities in evading judicial sanctions by the…

According to reports, exiled businessman Miles Guo was arrested in New York this morning on charges of a $1 billion fraud conspiracy involving cryptocurrency. U.S. Attorney Damian Williams said in a statement that Guo, who has multiple names, deceived thousands of online fans and bought “a 50000 square foot mansion, a $3.5 million Ferrari, and even two $36000 mattresses for himself and the people around him.”. According to reports, Guo is also in contact with former President Trump’s former White House chief strategist, Steve Bannon. In 2020, Bannon was charged…

It is reported that according to PeckShield Alert monitoring data, ZeroTransfer fraudsters defrauded 89458USDT. Interpretation of this information: The message reports on the fraudulent activity of ZeroTransfer, where they managed to scam 89458 USDT. PeckShield Alert monitoring data was used to gather the information. This is a serious matter as it involves the loss of funds through fraudulent means. ZeroTransfer is a platform that claims to provide secure and affordable crypto asset transactions. However, this report indicates that the platform has been involved in fraudulent activities. The company may have…

It is reported that six senior executives of Airbit Club, the global cryptocurrency Ponzi scheme, have admitted their role in the global fraud and money laundering scheme. The prosecutor said that the scheme defrauded victims of a total of $100 million. Pablo Renato Rodriguez, one of the co-founders of Airbit Club, pleaded guilty on Wednesday. The co-founder Gutenberg Dos Santos pleaded guilty in October 2021 after being extradited to the United States from his native Panama in November 2020. Three sponsors, Cecilia Millan, Karina Chairez and Jackie Aguilar, pleaded guilty…

It is reported that the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Green United, accusing the Utah based company of violating the federal securities law by selling counterfeit encryption mining equipment worth $18 million. According to the SEC’s complaint, Green United and its founder, Wright Thurston, as well as its main promoter, Kristoffer Krohn, provided investors with a “green box” investment of $3000, which is a cryptocurrency excavator specially used to mine GREEN tokens on Green Blockchain. It is said that investors were told that…

According to reports, a report of the Hong Kong police showed that in 2022, Hong Kong recorded 2336 cases of fraud related to cryptocurrency, an increase of 67% from 1397 cases in 2021. The funds involved in these cases were about HK $1.7 billion (about US $216.6 million), an increase of 106% over the previous year. Interpretation of this information: The report released by the Hong Kong police indicates a sharp increase in the number of fraud cases in the cryptocurrency field in 2022. Compared to the previous year, the…

According to reports, Jesse Powell, the founder and CEO of Kraken, tweeted that the regulators ignored their warnings about fraud and fraud and deliberately connived at the perpetrators until they were too big to destroy. Their plan was: 1. Destroy the capital/resources in the encryption ecosystem; 2. Let users become victims and prevent adoption; 3. False protection is actually attacking good people. Interpretation of this information: The tweet from Jesse Powell, founder and CEO of Kraken, expresses his frustration with regulators who allegedly ignored warnings about fraud and failed to…

On February 20, it was reported that the People’s Court of Enshi City, Enshi Prefecture, Hubei Province, recently tried the case of fraud of nine people including Mr. Ma in public according to law. This case is a trans-provincial and cross-border telecommunications network fraud case in the name of “virtual currency” investment. The gang involved a large number of cases. At present, the public prosecution organ has transferred more than 40 people for prosecution. Interpretation of this information: The recent news of the People’s Court of Enshi City trying nine…

On February 19, according to SBF, the former chief executive of the cryptocurrency exchange FTX, after his company went bankrupt and was arrested on suspicion of fraud, he had only about $100000 in his name. However, the United States federal prosecutor seems to have confiscated up to $700 million, all of which are believed to be in the accounts of SBF or the Exchange. Interpretation of this information: The cryptocurrency industry has been in the news lately with reports of several exchanges going bankrupt, investors losing millions of dollars, and…

It is reported that Paidun tweeted that the fraudsters disguised as the official Twitter account of Blur deployed fake Blur and airdrop to Coinbase, Justinsun and Yuga Labs, trying to induce people to believe that this was the official Blur airdrop. Interpretation of this information: According to recent reports, Paidun, the well-known Twitter user, has made some serious allegations against a group of fraudsters. The group is reportedly impersonating the official Twitter account of Blur and deploying fake Blur currency and airdrop to fool users of Coinbase, Justinsun, and Yuga…