In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States. Braden John Karony and Thomas Smith have been arrested, while Kyle Nagy remains at large. The US Attorney’s Office for the Eastern District of New York has charged them with conspiracy to commit wire […]
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial has reached its final stages, with the prosecution delivering its closing arguments on November 1. Bankman-Fried is facing seven counts of fraud and conspiracy to commit fraud, which […]
Amir Bruno Elmaani, the founder of Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as Bruno Block, pleaded guilty to the charges in April. He was accused of offering unregistered initial coin offerings (ICOs), self-minting tokens, and engaging in a pump-and-dump scheme. The US Securities and Exchange […]
The US Securities and Exchange Commission (SEC) is facing criticism and allegations of corruption in its battle against the US crypto industry. The US Government Accountability Office (US GAO) conducted an assessment of Staff Accounting Bulletin No. 121 (SAB 121), an anti-crypto accounting bulletin issued by the SEC, and found that the SEC did not […]
The United States Commodity Futures Trading Commission (CFTC) has reported that the majority of whistleblower tips it received this year were related to the cryptocurrency industry. CFTC Commissioner Christy Goldsmith Romero described the crypto industry as being plagued by “pervasive fraud and other illegality.” The agency received a total of 1,530 tips and paid out […]
The Commodity Futures Trading Commission (CFTC) has revealed that it has paid out $16 million to whistleblowers this year. According to Commissioner Christy Goldsmith Romero, the majority of the 1,530 tips received by the CFTC were related to cryptocurrency. Romero stated that the crypto industry continues to be plagued by fraud and other illegal activities. […]
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with the impending void left by the platform’s shutdown. The court’s decision marks a significant turning point, signaling a major shift in the landscape of digital […]
Amir Bruno Elmaani, the founder of the now-defunct cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as “Bruno Block,” admitted to secretly minting and selling Pearl tokens without paying income tax on the profits. This resulted in tax losses of over $5.5 million. Elmaani promoted […]
October 31, 2023, marked the 15th anniversary of the release of the Bitcoin whitepaper, a document that laid the foundation for the development of the Bitcoin network. Authored by Satoshi Nakamoto, the whitepaper introduced the key concepts and principles of a decentralized digital currency, sparking a revolution in finance and technology.As the cryptocurrency community celebrated […]
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding. The accountability office claims that the SEC did not submit the necessary reports to Congress and the Comptroller General before implementing the guidance. The SEC argues […]
