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Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a “Ponzi” style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.”The complaint, filed on July 7, alleges that Celsius has refused
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The roughed-up crypto lender froze withdrawals last month and later said it was exploring restructuring options. Source
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The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool
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The United States Commodity Futures Trading Commission, or CFTC, has taken enforcement action against a South African national in what the regulatory body called its “largest fraudulent scheme involving Bitcoin.”In a Thursday announcement, the CFTC said it had filed a civil enforcement action in federal court for fraud and registration
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MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said. Original Source
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According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Multiple times per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs usually appreciated in price after appearing on the homepage because of the “increase in publicity and resulting demand.” The Indictment alleges
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Eddy Alexandre, 50, of Valley Stream, NY, is the CEO of EminiFX, a cryptocurrency and forex trading platform. Authorities say that, beginning last September, Alexandre founded and ran EminiFX and convinced “hundreds of individual investors” to invest with him. Original Source
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A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme.The DOJ said that 25 year old Jeremy
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The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.”The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities
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