Key Takeaways:SafeMoon CEO Braden Karony convicted of wire fraud, securities fraud, and money laundering.Over $9 million misappropriated from SafeMoon’s liquidity pool, used for luxury cars and real estate.Market cap once…
Safemoon CEO John Karony has been found guilty of three major crypto fraud charges and could face 45 years in prison. The US Department of Justice (DOJ) announced that a…
In brief
Braden Karony, CEO of SafeMoon, was convicted in a U.S. federal court of conspiracy to commit securities fraud, wire fraud, and money laundering.
Prosecutors said Karony misled investors about access…
Update May 21, 4:32 am UTC: This article has been updated to add more information from the SEC’s complaint.The US Securities and Exchange Commission has sued crypto investment platform Unicoin…
In brief
The SEC has charged Unicoin and top executives with allegedly misleading over 5,000 investors in a $100 million crypto offering.
Regulators said Unicoin made false statements about asset backing, registration,…
The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100…
The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were…
Key Takeaways:Binance moves to dismiss FTX’s $1.76B lawsuit, calling it “legally deficient” and blaming FTX’s internal fraud.The lawsuit stems from a 2021 buyback deal, with FTX alleging misuse of customer…
Key Points:Katherine Reilly prioritizes cryptocurrency fraud at the SEC.Investor losses due to crypto scams amount to $3.96 billion in 2023.Bitcoin’s volatility showcases the impact of cybersecurity on financial markets.
Acting Inspector…
Vladimir Smerkis, Binance's former Russia division head, was arrested in Russia for being connected to a large-scale criminal fraud case, local media outlet TASS reported on Sunday.Zamoskvoretsky District Court, which…