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Tag: Fraud

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Crypto Sanctions Shock: Treasury Hits DPRK IT Web After $800M Fraud
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Strict editorial policy that focuses on accuracy, relevance,… Read full article
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DOJ and Europol take down SocksEscort network tied to crypto fraud
Law enforcement agencies seized 34 domains, 23 servers and froze $3.5 million in crypto linked to SocksEscort, a proxy service that hijacked 369,000 devices. Read full article
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US Treasury sanctions enablers of North Korea IT worker fraud ring
Fraudulent tech workers with ties to North Korea target a range of industries, including blockchain companies, with schemes and infrastructure spreading worldwide. Read full article
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JPMorgan Accused of Enabling $328M Crypto Fraud
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Investors have filed a lawsuit accusing JPMorgan Chase of enabling a $328 million crypto Ponzi scheme.
Roughly $253 million allegedly moved through JPMorgan bank accounts tied to Goliath Ventures.
The complaint claims the bank processed deposits and transfers… Read full article
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Prosecutors Urge Judge to Reject Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case
U.S. prosecutors are urging a federal judge to reject Sam Bankman-Fried’s attempt to secure a new trial, arguing his latest claims recycle arguments already rejected by a jury that convicted him of orchestrating a multi-billion-dollar cryptocurrency fraud. Prosecutors Reject SBF… Read full article
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Chinese fraud victims challenge UK redress plan for 61,000 seized Bitcoin: FT
Chinese investors defrauded in the Zhimin Qian case are asking the UK High Court to reject a redress plan for 61,000 seized Bitcoin, saying it could deprive them of the assets’ gains. Read full article
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How Blockchain Prevents Identity Fraud In Online Platforms
Identity fraud has become one of the most serious risks for online platforms. Blockchain prevents identity fraud by replacing vulnerable…Continue reading on Medium » Read full article
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