BitConnect promoter banned for 5 years by Sydney District Court

John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australias financial sector.

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Hong Kong flags 7 unregulated crypto exchanges for noncompliance

The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.

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Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.

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Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS [...]

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Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018. (Read More)

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US Prosecutors Seek Lengthy Sentence for Crypto Shadow Bank Executive

US prosecutors seek a sentence of at least 7 years imprisonment for Reginald Fowler, a former minority owner of the Minnesota Vikings NFL team, over his alleged involvement in shadow banking practices through Crypto Capital Corp, an alleged crypto shadow bank. Fowler is accused of acting as an unlicensed money transmitter and deceiving financial institutions through Global Trading Solutions (GTS), a firm he established under Crypto Capital in 2018. GTS and Crypto Capital are alleged to have processed approximately $750 million in cryptocurrency transactions, providing unlicensed crypto firms with unlawful access to the U.S. banking system. (Read More)

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5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle

The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving SBF’s legal team to juggle two cases in the future. 5 Counts Against SBF Severed [...]

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Crypto.com faces scrutiny in Poland as regulator issues public warning

Polish authorities have issued a cautionary alert on Crypto.coms operations, citing possible regulatory noncompliance but stopping short of a ban.

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Dubais crypto regulator cracks down on unlicensed firms

Dubais Virtual Assets Regulatory Authority issued fines ranging from $13,600 to $27,200 to seven entities operating without licenses or breaching marketing regulations. 

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