crypto fraud
Coverage of crypto fraud in the Nexus archive.
- Las Vegas businessman faces 280 years in prison after $24 million crypto fraud conviction
A Las Vegas businessman faces a sentence of 280 years in prison. This penalty follows his conviction related to $24 million in crypto fraud.
- South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report
A report stated that South Korea sentenced the Delio CEO to 15 years in prison for $50 million crypto fraud. This sentence is less than the 20-year term sought by prosecutors because the judge acquitted Jeong of a primary charge.
- Brazil targets crypto fraud with up to 24-hour transfer hold
Brazil aims to target crypto fraud by implementing rules that include up to a 24-hour transfer hold. These regulations cover transactions above $10,000 sent to overseas providers or self-custody wallets, in addition to other transfers flagged for review.
- SEC wins $5.4M judgment in NanoBit crypto fraud case
The SEC secured a $5.4 million judgment against NanoBit for operating a fraudulent crypto trading platform. The agency alleged that NanoBit misappropriated hundreds of thousands of dollars from investors.
- ED files prosecution complaint in $20 million crypto fraud case
The Enforcement Directorate has filed a prosecution complaint in a $20 million crypto fraud case. The accused and associates allegedly created fake websites mimicking Coinbase to steal victims' login credentials and personal details.
- SEC charges Texas man with $12.3M crypto fraud using fake AI trading bots
The SEC charged Nathan Fuller, a Texas man, with orchestrating a $12.3 million crypto fraud scheme involving fake AI trading bots. The scheme reportedly defrauded 150 investors.
- Myanmar proposes death sentence for scammers, life imprisonment for crypto fraud
Myanmar has proposed a death sentence for scammers and life imprisonment for those involved in crypto fraud. The move aims to curb fraudulent activities in the country. This proposal is part of Myanmar's efforts to regulate and oversee its financial and technological sectors.
- South Korea seeks 20-year sentence for Delio CEO over $169M crypto fraud
South Korea is seeking a 20-year prison sentence for Delio CEO Jeong Sang-ho over a $169 million cryptocurrency fraud that affected nearly 2,800 investors. Prosecutors allege his deceptive actions froze investors out of their funds, as part of a broader crackdown on the crypto industry.
- Grandson Of John J.Gotti Gets 15 Months For $1.2M Crypto Fraud
The grandson of John J. Gotti was sentenced to 15 months in prison for orchestrating a $1.2 million cryptocurrency fraud scheme. The case highlights the legal consequences of financial crimes in the digital asset space.
- SEC charges Donald Basile in $16M crypto fraud tied to ‘insured’ token
The SEC has sued Donald Basile, a crypto executive, for allegedly orchestrating a $16 million fraud involving false claims about an 'insured' Bitcoin Latinum token. The scheme is tied to deceptive marketing of the token as being protected by insurance.