Crypto Scam

The United Kingdom's financial services regulator Financial Conduct Authority has warned the public against Markets Pilot, a digital currency trading platform. The Financial Conduct Authority stated that the company did not get the necessary licenses to offer financial services...

Facebook is once again facing regulatory action for breaching data protection and privacy laws. The social media giant has been fined $6.1 million in South Korea for sharing the data of 3.3 million users without their consent. South Korean...

According to a Chinese court ruling, Chinese police seized cryptocurrency worth more than $4.2 billion related to the massive PlusToken Ponzi scheme crackdown. In a November 19 judgment made public this week, the Jiangsu Yancheng Intermediate People's Court has...

Texa financial regulator has ordered 15 cryptocurrency and foreign exchange scams to cease their operations immediately. The financial watchdog issued cease and desist orders to the firms, claiming they have been using the Internet to “advertise, hype and sell...

After a $275 million hack in September, crypto exchange KuCoin announced that it has “restored the deposit and withdrawal services of all tokens.” After a partial reopening of services in October, this restoration of services is the exchange’s latest...

According to the Japan Times report, more than 30 major companies in Japan will launch verification tests on a possible private digital currency from fiscal 2021 starting next April, a group aimed at promoting common infrastructure for interoperable cashless...

The crypto exchange giant Bitstamp is seeking to subpoena two U.S. banks as part of its legal battle against one of its payment processors. The crypto exchange filed an application with a New York court seeking to subpoena Citibank...

The hits keep coming for the crypto derivatives exchange giant BitMEX. In addition to being indicted on criminal charges, founders Arthur Hayes, Ben Delo, and Samuel Reed are being sued in California for running a RICO (Racketeer Influenced and...

The Australian Securities & Investments Commission (ASIC) announced that the alleged BitConnect promoter John Bigatton has been charged with operating an unregistered managed investment scheme. He was also charged for providing unlicensed financial services and making false or misleading...

Two Canadian brothers will serve prison sentences for running an unregistered money service business. Authorities said the two founded Payza, a payments processor that reportedly processed over $250 million in payments, some of it allegedly being for criminals. Firhoz...