U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
Hong Kong’s JPEX Exchange Suspected of RugPull
In response to allegations of fraud at the KJPEX exchange, Hong Kong regulators announced that they would tighten regulatory rules. In a recent development, the blockchain analytics firm Bitrace mentioned the possibility of RugPull activity at the Hong Kong exchange JPEX. More than 190 million TRC20-USDT tokens have passed through the exchange’s platform in the […]
US DOJ Requests Trial Extension For Sam Bankman-Fried
US Department of Justice sent a letter to Judge Lewis A. Kaplan requesting an extension of trial days in the Sam Bankman-Fried case. The United States Department of Justice (DOJ) has requested that the trial date for FTX co-founder Sam Bankman-Fried be extended. The criminal trial of Sam Bankman-Fried is slated to begin on Tuesday, […]
Celsius Creditors Alerted to New Phishing Threats Pre-Bankruptcy
Creditors of Celsius Network have reported receiving a new wave of phishing emails, most likely due to the 2017 Data breach. Creditors of the defunct cryptocurrency lender Celsius Network are once again the target of a new surge of phishing attacks as the lender’s bankruptcy proceedings near their conclusion. In the past week, social media […]
Former Deutsche Bank Exec Admits Role in ‘R3 Crypto Fund’
For his part in the fraudulent cryptocurrency trading operation, Rashawn Russell faces up to 30 years in prison. An ex-investment banker at Deutsche Bank, previously charged earlier this year in connection with a fraudulent cryptocurrency trading scheme, has admitted guilt in committing investment fraud. He potentially faces a maximum prison sentence of 30 years. According […]