Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $ 2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement of purchased stablecoins. …
A British citizen recently went on trial in the U.K. for laundering bitcoins on behalf of a fugitive Chinese fraudster, Yadi Zhang. Prosecutors insist that Jian Wen was aware that Zhang’s bitcoins were acquired using stolen funds. However, Wen defended her actions and said she thought Zhang had accumulated her wealth through her jewelry business, […]
The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the men’s extradition set by the Tallinn Circuit Court. The Estonian Ministry of Justice Has Collected …
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $ 1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days. ‘The Lord Brought This …
The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $ 7 million in both cash and virtual currencies. Worthless Virtual Currencies Taiwanese police recently arrested two executives of …