Reported by: Kyle Barr South Korean police are currently on the hunt for Do Kwon (and other top people behind Terraform Labs) over allegations of fraud and tax evasion. Bloomberg reported Wednesday that the Seoul Southern District Prosecutors Office has a warrant out for Do Kwon, the CEO of Terraform Labs, as well as five […]
Reported by: Luc Cohen The brother of a former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Monday to a wire fraud conspiracy charge, in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi, 26,admitted during a virtual court hearing before U.S. District Judge Loretta Preska in Manhattan that […]
Reported by: Cristiano Lima and Aaron Schaffer In recent months, the Federal Trade Commission has reported that social media is increasingly becoming a premier target for fraudsters, especially those looking to cash in on the crypto craze sweeping the country. In June, the agency released data showing that nearly half the people who reported losing […]
Financial Crime News Briefs 