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OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

The brother Ruja Ignatova, Konstantin Ignatov, has confessed to his involvement in the crypto fraud of OneCoin. He pleaded guilty to multiple charges such as fraud and money laundering.Authorities have concluded that over $4 billion was fraudulently raised internationally in what appears to have been a cryptocurrency Ponzi scheme. The

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New York Resident Indicted for Crypto Scam, Charged With Wire Fraud

The Office of United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New York have indicted a man for allegedly participating in a cryptocurrency scheme dubbed Igobit.According to an announcement on Nov. 6, Asa Saint Clair was charged with one count of

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Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud

Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with fraud.On Oct. 29, Belgium’s financial watchdog updated its list of cryptocurrency trading platforms for which it has detected indications of fraud, by adding nine new suspect sites, bringing the

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Crypto Irony? Bitfinex Claims It Is “the Victim of a Fraud” by Crypto Capital

In an effort to set the records straight, the controversial crypto exchange Bitfinex released a statement on Friday, attempting to disengage itself from the Crypto Capital money laundering saga.The Hong Kong-based cryptocurrency firm made it crystal clear that it is, in fact, a victim of the money laundering case. This

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Bitfinex Calls Itself ‘Victim of a Fraud’ in Response to Recent Arrest

Major global crypto exchange Bitfinex has called itself a “victim of a fraud” in response to the recent arrest of the president of Crypto Capital exchange.Bitfinex will continue to recover lost fundsFollowing the arrest report on Oct. 24, Cointelegraph received a response statement from Stuart Hoegner, Bitfinex's general counsel,

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