FTX Ramps Up Restitution Efforts, Subpoenas AI Firm CAIS Over $6.5M Investment
Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control
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Coinbase wins $470K restitution in insider trading case
The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme.According to a New York District Court filing signed on April 6 and made public on April 10, Nikhil Wahi — brother of former Coinbase product manager
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Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A
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BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
Arcaro is not the only BitConnect bigwig to face consequences for his role in the scheme: BitConnect’s founder, Satish Kumbhani, has been indicted on a host of felony charges, including conspiracy to commit wire fraud, wire fraud, conspiracy to commit price manipulation, operating an unlicensed money transmitter and conspiracy to
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California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim’s Crypto
Richard Yuan Li, whom prosecutors had charged with one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one
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After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
“There are fundamental decisions here: Should there be restitution, step one. Step two, should it be immediate or over time? If immediate, what percentage? And if it’s over time, via what mechanic? Governance tokens, maybe a vault-type product that pays back over time versus interest generated … there’s a lot
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How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures.An interview with Bitcoin
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