The UK government’s Insolvency Service has shut down a crypto advisory firm for accounting negligence and the loss of investors’ money. The firm seemingly claimed to help users with investments while promoting crypto schemes that resulted in millions lost. False Crypto Expert Company Shut Down On Monday, The UK’s government published a press release unveiling […]
Recent reports revealed that the Australian Securities and Investment Commission (ASIC) was granted its first victory on a non-cash payment case involving cryptocurrencies. Per the documents, an Australian court ruled partially in favor of the watchdog’s lawsuit against BPS Financial Pty Ltd (BPS). “Qoin Scheme” Earns $26 Million In Sales In 2022, ASIC initiated civil […]
In a significant development, the Department of Justice (DOJ) recently announced criminal charges against two individuals. It secured a guilty plea from a third person involved in a global crypto Ponzi fraud scheme known as HyperFund, among other aliases. The Securities and Exchange Commission (SEC) also filed a related civil action, charging two individuals involved […]
Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and recruited Ethereum (ETH) researcher Virgil Griffith to help North Korea evade international sanctions. According to Reuters, the United States Department of Justice (DOJ) had previously accused de Benos, founder of a pro-Pyongyang affinity organization, of […]