Indian Authorities Arrest Alleged Garantex Founder for Extradition to the US

India Takes Action: Aleksej Besciokov of Garantex Arrested In a recent development in India, authorities have taken action by arresting Aleksej Besciokov, the CEO of Garantex. This move comes as part of a larger crackdown on cryptocurrency-related activities in the country. The arrest of Besciokov is a significant step towards regulating the crypto industry in [...]

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EU Authorities Investigating OKX for Alleged Laundering of $100 Million Through Bybit: Report

European Union regulators are currently investigating OKX and Bybit for potentially laundering $100 million in funds. The watchdogs are closely monitoring these cryptocurrency exchanges as part of their efforts to crack down on illicit financial activities within the crypto space. This scrutiny underscores the growing importance of compliance and regulatory oversight in the digital asset [...]

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NFT influencer falls victim to cyberattack, loses $300K+ CryptoPunks

They appear to have authorized a malicious DApp to transfer their tokens, leading the assets to be drained immediately.

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US Justice Dept. indicts two Europeans allegedly aiding North Korea evade sanctions

The United States Department of Justice announced Monday that it has indicted two Europeans on grounds that they were, along with Ethereum developer Virgil Griffith, helping North Korea in evading sanctions using crypto assets. Per the press release issued by the Office of Public Affairs, Spanish citizen Alejandro Cao de Benos (Aged 47), and British […]

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Coinbase Executives Facing Lawsuit for Allegedly Downplaying Bankruptcy Risks

Coinbase Executives Facing Lawsuit Alleging Concealment of Bankruptcy Risks A group of stockholders has filed a lawsuit against executives of Coinbase, a popular cryptocurrency exchange platform, accusing them of downplaying the risks of bankruptcy. The lawsuit alleges that the executives misled investors by failing to disclose the true extent of the company’s financial troubles. The [...]

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Norway Charges Four Individuals in $80M Alleged Cryptocurrency Scheme

Norwegian authorities have taken action against a group of individuals involved in an alleged $80 million cryptocurrency scheme. The individuals are facing charges related to deceiving investors and misappropriating funds through a fraudulent investment scheme. The case has raised concerns about the need for stricter regulation in the cryptocurrency industry to protect investors from such [...]

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FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang, co-founder of FTX. The legal action stems from the exchange’s ambitious FTX Stocks project, [...]

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Bittrex Faces Potential Legal Action from US SEC

Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations. (Read More)

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China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals

According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected to generate $19 billion in deals. Annual Trade Event Between

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Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval from Congress. SEC Lawsuit: Bittrex Seeks Dismissal, Citing Lack of [...]

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