Thai Police Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case – Decrypt
Thai police arrested Chinese national Tianwei for allegedly stealing $6.15 million in Bitcoin. The arrest followed a complaint and warrant after he vanished from a business deal. This is part of a broader Asian crypto fraud crackdown.
My Big Coin execs to pay nearly $26M in fines to CTFC
My Big Coin executives fined $26M by CFTC for defrauding investors with false claims about the cryptocurrency’s value and gold backing. The court barred them from market activities.
Page Not Found | 404 | Cointelegraph
Chainalysis reports no significant decrease in transactions linked to crypto-crime associated Huione, despite enforcement efforts.
Ripple, SEC Seek Ruling to Dissolve Injunction, Release $125M
Ripple and the SEC seek court approval to dissolve an injunction and release $125 million in escrow, potentially ending their five-year legal battle and freeing Ripple’s operations.
Hit by a Crypto Scam? Ohio Offers 6 Steps to Take Before It Gets Worse – Featured Bitcoin News
Ohio provides a six-step guide for crypto scam victims, including freezing wallets, preserving evidence, and reporting fraud to authorities to mitigate losses and take action.
Czech government hit with no-confidence vote over $45M Bitcoin scandal
Czech opposition calls for no-confidence vote over $45M Bitcoin scandal involving convicted criminal’s funds. Justice Minister resigns, new minister promises probe into the controversial transaction.
Court Slams My Big Coin With $25M Penalty Over False Cryptocurrency Claims – Legal Bitcoin News
A federal court imposed $25M in penalties on My Big Coin for fraudulent cryptocurrency claims, including false gold backing, marking a significant CFTC enforcement action against crypto scams.
Ripple, SEC Ask Court to Dissolve XRP Injunction, Release $125M in Escrow – Decrypt
Ripple and the SEC filed a joint motion to dissolve an injunction and release $125M in escrow, with $50M going to the SEC and the rest returned to Ripple, marking progress in their long-running case.
Former NBA Star Shaquille O’Neal Agrees to Pay $1.8M to Settle FTX Suit – Decrypt
Shaquille O’Neal agrees to pay $1.8 million to settle a lawsuit over promoting FTX, which allegedly involved unregistered securities. The deal includes legal immunity and covers investor compensation.
CFTC’s Pham says it won’t give ‘easy street’ to anybody, crypto included
CFTC acting chair Caroline Pham states crypto won’t get special treatment despite pro-innovation stance, emphasizing enforcement against fraud while criticizing overreach in crypto regulation.
