A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb Ahmed, a security engineer, used fake pricing data to generate approximately $9 million worth of inflated fees on an unnamed DEX, according to the U.S. […]
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Crypto traders moved $208 million worth of digital assets off the embattled exchange KuCoin following the company’s indictment. The blockchain analytics platform Nansen reports that $99 million worth of crypto flowed off the exchange on Ethereum (ETH) and $108 million on Ethereum Virtual Machine (EVM) chains. KuCoin still holds more than $6 billion worth of […]
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The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […]
The world’s largest crypto exchange platform by volume is reportedly being sued in New York by the victims of the October 7th Hamas attack on Israel. According to a new report by ABC News, Binance is being sued by the families of the victims for allegedly providing the terrorist group with a funding mechanism. The […]
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The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam Lee allegedly co-founded “HyperFund,” an online investment platform that falsely claimed investors who purchased “memberships” would receive between 0.5% to 1% daily in […]
The post DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns appeared first on The Daily Hodl.
The former chief executive of an investment firm has been sentenced to two years in prison for a “cherry-picking” scheme involving crypto derivatives. In a new press release, the U.S. Department of Justice (DOJ) says that US-Russian national Peter Kambolin, the founder of Systematic Alpha Management (SAM), operated a $1.6 million cherry-picking scam where he […]
The post Former CEO Sentenced to Two Years Behind Bars for ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts appeared first on The Daily Hodl.
Crypto exchange Binance’s legal defense against the U.S. Securities and Exchange Commission (SEC) has reportedly been delayed due to heavy snowfall. According to a new report by Reuters, Binance’s legal defense against the regulatory agency, which was originally slated for today, has been pushed back until January 22. Binance’s legal defense largely hinges on challenging […]
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Stablecoin issuer Tether (USDT) is preparing to give the Federal Bureau of Investigation (FBI) access to its platform soon after onboarding the U.S. Secret Service. In a new letter addressed to Senator Cynthia Lummis and Representative James French Hill, Tether chief executive Paolo Ardoino says that the crypto firm is onboarding law enforcement agencies as […]
The post Tether Preparing To Give FBI Access to Firm’s Platform After Onboarding U.S. Secret Service: CEO Paolo Ardoino appeared first on The Daily Hodl.
Blockchain firm SafeMoon is filing for bankruptcy after its founder and two executives were indicted on fraud charges in November. According to a recent document, the crypto company voluntarily filed for Chapter 7 bankruptcy over a month after founder Kyle Nagy, chief technology officer Thomas Smith and chief executive Braden Karony were accused of violating […]
The post Crypto Company SafeMoon Files for Bankruptcy Following Founder and Executives’ Indictment on Fraud Charges Last Month appeared first on The Daily Hodl.
