SEC charges Terra founder Do Kwon, Terraform with fraud in connection with TerraUSD Stablecoin collapse
In May 2022, TerraUSD (UST) stablecoin collapsed and lost 99% of its value, wiping […]
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Founder of Goldman Sachs-backed tech startup Slync charged with $67 million fraud
Christopher Kirchner, the founder of $240 logistics software startup Slync, was arrested at his […]
Adani founder and India’s richest person lost more than half of his $120 billion fortune after Hindenburg Research accused his company of massive fraud
Calling it the “largest fraud in corporate History,” famous shot-seller Hindenburg Research has published […]
Jury: Musk didn’t deceive investors with 2018 ‘funding secured’ tweets; Musk and Tesla not liable in securities fraud
After almost five years of legal, a jury on Friday found Elon Musk and […]
Inscribe raises $25M in funding to automate document fraud detection and fight financial fraud with AI
We live in a fast-paced digital world where buyers and consumers have come to […]
JP Morgan paid $175 million to acquire college financial aid startup Frank only to shut it down over a year later; accuses founder of fraud
Really? JP Morgan acquired college financial aid platform Frank in 2021 for a whopping […]
Crypto lender Nexo is under criminal investigation in Bulgaria for fraud and money laundering just a month after exiting the US market
Just a little over a month after exiting the US market following cease-and-desist orders from state and […]
FTX co-founder Gary Wang and Alameda Research CEO Caroline Ellison pleaded guilty to fraud and cut a deal with federal prosecutors for $250,000 bail
While the disgraced FTX founder and former CEO Sam Bankman-Fried may likely be spending […]
Former Twitter employee sentenced to 3.5 years in prison for wire fraud, money laundering, and spying
Ahmad Abouammo, a former Twitter employee, was found guilty of spying on users on […]
SEC charged Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors in FTX”
The United States Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried (SBF) with […]
Uruguayan fintech startup dLocal faces allegations of potential fraud; applied for a UK regulatory license
It’s been over two years since we last covered dLocal, a Montevideo, Uruguay-based fintech startup that […]
Two Estonian citizens arrested in connection with $575 million crypto fraud and money laundering involving crypto mining service HashFlare
In October, the US Department of Justice (DOJ) charged Ukrainian national Mark Sokolovsky with […]
Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison for fraud
Justice is finally served. Theranos founder Elizabeth Holmes was sentenced to more than 11 years […]
Goldman Sachs-backed blockchain startup TRM Labs lands $70M Series B to monitor and detect crypto fraud and financial crimes
Blockchain and crypto hack is on the rise. In the past decade, hackers and […]
FBI seizes $3.36 billion worth of bitcoin in connection with the Silk Road dark web fraud, the largest crypto seizure ever
The US Department of Justice (DOJ) announced today it seized more than $3.36 billion worth […]
Four U.S. state regulators order metaverse casino startup Slotie to stop the sale of fraudulent NFTs
The metaverse became the latest buzzword late last following the announcement that Facebook has […]
Nikola founder Trevor Milton found guilty of defrauding investors, faces up to 25 years in prison if convicted
Trevor Milton, the founder and CEO of the electric truck company, was found guilty […]
Mastercard launches Crypto Secure, a new AI tool to help merchants combat crypto fraud
Crypto fraud is on the rise and there is no sign of slowing down. […]
Cybercriminals defrauded investors of more than $42 million using fake cryptocurrency apps, The FBI says
Cybercriminals have defrauded US investors of millions of dollars using fraudulent cryptocurrency investment apps, the […]
Anchain deploys Next-Gen Web3 Analytics on Elrond to Boost Compliance and Fraud Prevention
We covered Elrond back last year after the developer of internet-scale blockchain infrastructure for Web3 payments, DeFi, […]