Lawsuits
Scammers Steal $65,000 As YouTube Search Results Recommend Fake Apple Event Video
- The scammer impersonated Apple, taking advantage of the highly anticipated October 18 event by the company.
- No BTC was stolen, but more than 17 Ethereum were swindled out of their three owners.
Crypto Fund Manager Sentenced to 7.5 Years in Prison
- The Australian national embezzled almost $55 million in investor funds for personal gain.
- He ran and operated the Virgil Sigma Fund and VRQ Multistrategy Fund in New York from 2017 to 2020.
SEC Sues BitConnect and Founder for Alleged $2B Fraud
- BitConnect's founder Satish Kumbhani was charged with conducting a $2 billion security fraud.
- The SEC also charged a BitConnect promoter, who recently pled guilty for stealing $24 million from investors.
Former Cryptopia Employee Pleads Guilty to Stealing $175,000 Worth of Crypto
- The man admitted to stealing around $175,000 worth of BTC and other cryptocurrencies from Cryptopia's old deposit wallets.
- The funds were subsequently returned and the theft wasn't connected to the 2019 hack, court documents showed.
SEC Accuses LBRY of Selling Unregistered Securities
- The SEC has requested a permanent injunction against LBRY, prohibiting it from further selling its LBC token.
- The decentralized content publishing platform has echoed Ripple's statement that these lawsuits were a "tremendous threat" to the entire crypto industry.
Florida Teen Pleads Guilty to Twitter Bitcoin Scam
- The teenager tricked Twitter employees into giving him access to the customer service portal.
- Alongside two accomplices, the teen defrauded people out of $118,000 worth of BTC.
BitMEX Executive Surrenders to U.S. Authorities, Pleads Not Guilty
- Ben Delo has pleaded not guilty to charges of violating U.S. anti-money laundering laws, and was granted a $20 million bail.
- Delo, Arthur Hayes and Samuel Reed have all agreed to cooperate with U.S. authorities, while Gregory Dwyer continues to remain at large.
Bitfinex, Tether to Cease Operations in NY, Pay $18.5M Fine
- After settling with the Office of the New York Attorney General, Bitfinex and Tether were ordered to introduce transparency measures.
- Alongside a hefty fine, the companies will have to ensure the OAG that their corporate and client accounts remain segregated.
Mt. Gox Creditors Could Soon Claim 90% of Remaining Bitcoins
- A new deal between Mt. Gox's trustee and Fortress will enable creditors to claim 90% of the exchange's remaining Bitcoin.
- If the majority of creditors agree, they would be reimbursed directly from the Mt. Gox trust.
Visa & Plaid’s Merger Blocked by DoJ Antitrust Suit
- The U.S. DoJ has alleged that Visa was using the acquisition to snuff out its competition.
- The planned $5.3 billion acquisition was canceled almost one year after it was announced.