It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.
Fraud News
Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.
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Most of the funds stolen were from a single wallet, with $751,321.80 in USDC drained from the malicious link.
9176 - Breaking news
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security.
27086 - News
The former FTX CEO says the exchange’s new attorneys are not taking into account customer bank balances
4051 - Analysis
The FTX saga is set to enter its next phase in October with the start of SBF’s trial. However, industry experts are concerned that prosecutors could use him to set an example.
2350 - News
Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.
38150 - News
The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme.
5542 - News
Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May.
5259 - News
The South Korean National Tax Service agency launches an investigation into Bithumb, according to local reports.
5234 - News
A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried for a more lenient sentence.
10914 - Interview
A crypto project claims a promotional token airdrop campaign led by CoinMarketCap was riddled with “fraud” that left its token price crumbling.
4975 - News
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
7798 - News
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly defrauded investors of $2.9 million and admitted to a rug pull.
8215 - News
Over a dozen fake NFTs were sold on the Magic Eden marketplace due to a "massive exploit" on the platform.
4611 - News
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb.
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