Three Nigerians Allegedly Use Money Laundering Proceeds To Buy Bitcoins Worth Over $43 Million – Report Reveals
Three Nigerians are accused of using money laundering proceeds to purchase Bitcoin worth more than $43 million from cryptocurrency exchange platforms such as Binance and Busha. According to a report, Interpol is attempting to close a case in which three Nigerian nationals are suspected of using money laundering proceeds to purchase Bitcoins worth more than […]
BitOasis exchange partners with the Dubai Police to help spread fraud awareness
BitOasis has partnered with the Dubai Police Force to create awareness regarding cryptocurrency investment and trade fraud and also to establish safety regulations around crypto investments in the region. According to BitOasis CEO Ola Doudin, the exchange’s collaboration with the Dubai Police Department is aimed at assisting in the development of rules that will make […]
Aussie crypto fund manager gets 7 years jail term for stealing $54M from investors
A fund manager was sentenced to 7 years in prison for running a $54 million Ponzi scheme. Aussie crypto fund manager gets 7 years for stealing $54M. Stefan He Qin, founder of two bitcoin hedge funds, was sentenced to over seven years in prison for defrauding investors of $54 million. The DoJ said on Sept. […]
Ex-Man Utd and Brazil star Anderson faces alleged charges for role in crypto fraud
Anderson, a former Manchester United and Brazil midfielder, is allegedly facing various criminal accusations related to his role in a cryptocurrency racket, including aggravated theft, fraud, and money laundering. According to Brazilian publication Globo, the 33-year-old is being investigated for his suspected role in an illegal scheme last year while working as an assistant manager […]
Okcoin’s CCO says stronger crypto regulations won’t help prevent fraud
The chief compliance officer of Okcoin Megan Monroe said the current regulations in the US are adequate to regulate cryptocurrency exchanges and further regulations may not be the best solution. Although Megan Monroe , Okcoin’s chief compliance officer, stated that there are still some grey areas in regards to cryptocurrencies in the United States, she […]