India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to
Read more
New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers
Read more
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered
Read more
US Media Executive Charged in $67 Million Fiat-to-Crypto Money Laundering Scheme
The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating
Read moreBlock Earner spared penalty in regulator’s crypto yield suit
The Australian federal court relieved Block Earner from paying a penalty in the local financial regulator’s legal action over unlicensed crypto yield-bearing products.
Read more
Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right
Read more