Home > Alleged

SEC Charges California Resident for Alleged $26 Million Crypto Pyramid Scheme

The United States Securities and Exchange Commission (SEC) has initiated court proceedings against a California resident for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme, according to a press release published on May 23.The SEC alleges Daniel Pacheco of conducting a fraudulent, unregistered offering of securities through two California-based companies,

Read More

Binance’s CZ Seeks Compensation From Sequoia for Alleged Reputational, Financial Damage

Changpeng Zhao, the CEO and founder of major crypto exchange Binance, is seeking damages from venture capital firm Sequoia Capital China for having ostensibly hurt his reputation and unjustly prevented him from raising capital during its now-dismissed legal challenge against him last year. A Binance spokesperson shared the news

Read More

Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project

Sources ostensibly familiar with the matter have claimed that some of the world’s leading banks are currently investing around $50 million to build a blockchain-powered digital cash system for transaction settlement. The news was reported by Reuters on May 17.An earlier project for a blockchain-based currency settlement coin was

Read More

Institute Sues Professor for Alleged Blockchain Intellectual Property Violation

The Technion Israel Institute of Technology has filed a civil suit against a faculty member for allegedly establishing of a zero knowledge proof technology company and making use of the knowledge developed by him while working at the institute. The news was published by local media outlet Calcalist on

Read More

Self-Proclaimed Satoshi Craig Wright Sues Podcaster Peter McCormack for Alleged Libel

NChain chief scientist and Bitcoin SV (BSV) proponent Craig Wright has filed a libel claim in the United Kingdom against cryptocurrency podcaster Peter McCormack. The podcaster tweeted a photo of the legal notice on April 18.The reason provided for the claim is that McCormack accused Wright of fraud and

Read More

Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud

Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document released on March 14.According to the document, Vanbex founders Kevin Hobbs and Lisa Cheng claimed to

Read More

Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported on the arrests on March 22.Per the report, the police arrested Ashok Goyal Jaipuria, Asif Malpani,

Read More

Alleged Bitcoin Fraudster Alexander Vinnik Appeals for Extradition to Russia

Former operator of now-shuttered crypto exchange BTC-e, Russian national Alexander Vinnik, has appealed with a Greek court for his release or extradition to Russia, local media outlet Kathimerini reported on March 21.Vinnik — who is accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over

Read More