Crypto fraud articles
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32 People Indicted In Taiwanese Crypto Exchange Fraud Case
The ongoing saga between the Taiwanese authorities and former executives from crypto exchange ACE continues with a new round of charges pressed against its founder, David Pan, and another 31 individuals linked to the case. The exchange and its former directors have been under investigation over alleged fraud and money laundering since January 2024. Authorities […]
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Mango Markets Exploiter Avraham Eisenberg Convicted In $110M Crypto Fraud
Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets. According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related […]
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Texas Crypto Mining Firm And Co-Founders Face SEC Charges In $5M Fraud Allegations
The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, LLC, a Texas-based crypto mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, over allegations of engaging in unregistered and fraudulent activities. Geosyn’s Alleged Fraud Scheme According to the SEC, Geosyn, Ward, the company’s CEO, and McNutt, the […]