Attorney General Letitia James sued Coinbase and Gemini over alleged illegal gambling through prediction market platforms in New York.
The FBI said victims are frequently drawn in through promises of guaranteed returns and high-pressure tactics.
SafeMoon CEO Braden Karony was sentenced to 100 months for defrauding investors through crypto fraud, with $7.5M forfeited to victims.
After surging to a nearly $600 million valuation within minutes of its launch, the new coin, dubbed NYC Token, went into free fall.
TIMES SQUARE — Eric Adams launched the “NYC Token” crypto coin at a press conference. Within a half hour, $3 million was unaccounted for.
RONALD SPEKTOR, 23, has been charged with stealing about $15 million by allegedly posing as a representative for Coinbase.
Prince Group founder Chen “Vincent” Zhi was indicted in Brooklyn for running forced-labor crypto scam compounds and laundering $15 billion.
Charles O. Parks III was sentenced in Brooklyn to one year and a day for a $3.5M cryptojacking scheme that mined $1M in cryptocurrency.
Iurii Gugnin charged in Brooklyn with laundering $530M via crypto firm Evita to aid Russian banks, evade sanctions and fund tech buys.
Founder of a cryptocurrency payment company was arrested and charged Monday, June 9, with 22 counts of wire and bank fraud.
CITY COMPTROLLER BRAD Lander issued a statement harshly condemning a proposal from Mayor Eric Adams to sell Bitcoin-enhanced municipal bonds.
REP. Dan Goldman on Tuesday criticized President Trump over the administration’s decision to pause a fraud case against a crypto billionaire.
BROOKLYN DA Eric Gonzalez on Friday announced that his Virtual Currency Unit had disrupted a scam targeting artists throughout the country.
District Attorney Eric Gonzalez announced on Thursday that his office has successfully disrupted a cryptocurrency scam operation that targeted the Russian-speaking community through deceptive investment schemes. The DA’s Virtual Currency
Cryptocurrency scams have kept New York Attorney General Letitia James busy since she became the attorney general in New York, and on Monday, she announced another. Attorney General James announced
A Nebraska man has been indicted by federal prosecutors in the Eastern District of New York for allegedly masterminding a cryptojacking scheme that defrauded cloud computing service providers out of
JAY STREET — Brooklyn DA Eric Gonzalez has announced that his Virtual Currency Unit successfully disrupted a “pig butchering operation” that defrauded people from across the United States out of
JAY STREET — Working with elaborate detail and website analysis, an investigative unit specializing in virtual currency in the Brooklyn DA’s office successfully disrupted a “pig butchering operation” that defrauded
David Scotese, a 54-year-old resident of Murrieta, California, pleaded guilty to running an unlicensed crypto exchange and agreed to forfeit more than $1.3 million in cryptocurrency, cash, and precious metals.
Attorney General Letitia James has escalated her legal battle against the Digital Currency Group (DCG) and its affiliates, filing an amended complaint that accuses it of defrauding investors out of
Horst Jicha, CEO of the cryptocurrency investment platform USI Tech, was arraigned on Friday in the federal courthouse in Brooklyn on charges of securities fraud and conspiracies to commit securities
Attorney General Letitia James announced on Tuesday that her office has successfully obtained more than $22 million from the cryptocurrency trading platform, KuCoin, for illegal operations and failure to comply
Anatoly Legkodymov, also known as “Gandalf,” a Russian national and majority owner of Bitzlato Ltd., a cryptocurrency exchange, pleaded guilty in Brooklyn Federal Court to operating an illicit money transmitting
Federal authorities from the Eastern District of New York have charged founders and executives of SafeMoon LLC, with multiple counts of conspiracy, including securities fraud and wire fraud, according to
Rashawn Russell, 27, a former investment banker and registered broker, confessed in a Brooklyn federal court to committing fraud against his clients through the R3 Crypto Fund, a purported cryptocurrency
In a significant move toward reforming the criminal justice system’s approach to veterans, the Coalition for Compassion and Justice’s Veterans Justice Commission released a policy roadmap that emphasizes finding alternatives
In a significant setback to Hong Kong-based virtual currency trading platform CoinEx, the company has been directed to cease operations in the United States following a $1.7 million fine for
Brooklyn-based cryptocurrency company, Coin Cafe, is set to pay $4.3 million in restitution to investors following a deceptive fee scheme revealed by the Office of the Attorney General (OAG). Attorney
New York Attorney General Letitia James has proposed landmark legislation that aims to tighten regulations on the cryptocurrency industry in order to protect consumers and the broader economy. The bill
DOWNTOWN BROOKLYN — A former investment banker and registered broker appeared in federal court in Brooklyn on Tuesday to be arraigned on charges related to a cryptocurrency investment fraud scheme.
CITYWIDE — Attorney General Letitia James has filed a lawsuit against KuCoin, a virtual currency trading platform, for falsely representing itself as an exchange and for failing to register as
A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday. Anatoly
New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity. According
New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state’s climate goals. The permitting decision
A small group of cryptocurrency enthusiasts has an offer that they’re hoping U.S. cities can’t refuse. The group City Coins is asking Miami and New York to accept the equivalent
Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits. As of