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Fraud

Google logo on the front of a building
Policy
Google
Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps
The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."
Google logo on the front of a building
By Jamie Crawley
Apr 4, 2024 at 12:07 p.m. UTC
Apr 4, 2024
GoogleFraudCourt CasesScammersUSSDNY
(CoinDesk)
Consensus Magazine
Opinion
Sam Bankman-Fried Deserves a Life After Prison
He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.
(CoinDesk)
By Daniel Kuhn
Mar 28, 2024 at 4:49 p.m. UTC
Mar 28, 2024
OpinionFTXSam Bankman-FriedThe NodeNewslettersCrimeFraud
Police, crime (geralt/Pixabay)
Policy
Crime
Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.
Police, crime (geralt/Pixabay)
By Jamie Crawley
Mar 20, 2024 at 4:32 p.m. UTC
Mar 20, 2024
CrimeFraudUKCourt Cases
Craig Wright sued Hodlonaut in Norway.(Trevor Jones for CoinDesk)
Consensus Magazine
Opinion
Craig Wright Was Finally Called Out in Court and Hodlonaut Is Celebrating
“It hasn't always been easy, but I'm very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto...
Craig Wright sued Hodlonaut in Norway.(Trevor Jones for CoinDesk)
By Daniel Kuhn
Mar 14, 2024 at 8:43 p.m. UTC
Mar 14, 2024
OpinionThe NodeNewslettersCraig WrightHodlonautLawFraud
Over $67M in Crypto Lost to Hacks and Exploits in February: Immunefi Report
Video
Fraud
Over $67M in Crypto Lost to Hacks and Exploits in February: Immunefi Report
The crypto industry saw just over $67 million lost to hacks and fraud in February across 12 incidents, according to data from Web3 bug bounty platform Immunefi. DeFi continues...
Over $67M in Crypto Lost to Hacks and Exploits in February: Immunefi Report
By CoinDesk Staff
Mar 5, 2024 at 6:13 p.m. UTC
Mar 5, 2024
FraudcdtvChartDay_SponsorHackImmunefiFixedfloatPlaydapp
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
Policy
Regulations
DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'
DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
By Jesse Hamilton
Feb 21, 2024 at 10:48 p.m. UTC
Feb 21, 2024
RegulationsNew York Attorney GeneralSettlementFraudDigital Currency GroupGenesisBankruptcy
Still from Craig Wright's testimony on day three of the Hodlonaut vs. Craig Wright trial on Sept. 14, 2022. (Bitcoin Magazine/YouTube)
Consensus Magazine
Opinion
Time to End Craig Wright’s Harassment Campaign Against Bitcoin Devs
Craig Wright has repeatedly litigated anyone questioning his claim to be Satoshi, harming numerous people in crypto in the process. The Crypto Open Patent Alliance aims to put...
Still from Craig Wright's testimony on day three of the Hodlonaut vs. Craig Wright trial on Sept. 14, 2022. (Bitcoin Magazine/YouTube)
By Paul Grewal
Jan 31, 2024 at 6:16 p.m. UTC
Jan 31, 2024
OpinionCOPACoinbaseCraig WrightFraudlawsuits
HyperVerse's promoters paid an actor to pose as CEO, according to court documents. (HyperVerse on YouTube)
Consensus Magazine
Opinion
When Is a Ponzi a Ponzi?
U.S. authorities indicted the operators of HyperVerse, an alleged $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto pro...
HyperVerse's promoters paid an actor to pose as CEO, according to court documents. (HyperVerse on YouTube)
By Daniel Kuhn
Jan 30, 2024 at 7:21 p.m. UTC
Jan 30, 2024
OpinionThe NodeNewslettersPonzi SchemesScamsFraudIndictment
KPMG Building (Shutterstock)
Finance
Kpmg
KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.
KPMG Building (Shutterstock)
By Aoyon Ashraf
Nov 22, 2023 at 12:15 p.m. UTC
Nov 22, 2023
KPMGKPMG CanadaChainalysisFraudExploits
Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)
Consensus Magazine
Opinion
We've Seen the FTX Collapse Before
There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.
Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)
By James Koutoulas
Nov 10, 2023 at 10:09 p.m. UTC
Nov 10, 2023
OpinionFTXFTX CollapseSam Bankman-FriedBankruptcyFraud