Tag: financial fraud
Genesis Sues DCG to Recover Billions in Allegedly Fraudulent Transfers
Genesis, a crypto lender, and its subsidiaries have thrown some serious shade at its parent company, Digital Currency Group (DCG), along with DCG CEO Barry Silbert and other bigwigs. They've gone ahead and filed...
Canadian Man Charged for $65M Hacks of Indexed Finance, KyberSwap
A 22-year-old Canadian man, Andean “Andy” Medjedovic, has made headlines for his alleged involvement in two major cryptocurrency hacks, stealing a total of $65 million. The exploits, targeting the Indexed Finance platform in 2021...
SEC Fines DCG $38 Million, Sanctions Genesis CEO for Negligence: Investor Fraud Case
SEC Fines DCG $38 Million, Sanctions Genesis CEO for Negligence: Investor Fraud CaseThe Securities and Exchange Commission (SEC) has made a significant move by initiating enforcement actions against Digital Currency Group (DCG) and its...
Heather ‘Razzlekhan’ Morgan Sentenced to 18 Months for Bitfinex Hack
Heather "Razzlekhan" Morgan, who was involved in laundering the proceeds of the 2016 Bitfinex hack carried out by her husband Ilya "Dutch" Lichtenstein, has been sentenced to 18 months in prison. This incident resulted...
New Title: FBI Raid on Polymarket CEO’s Home
Federal law enforcement officials conducted a raid on the home of Shayne Coplan, the CEO of Polymarket, a popular prediction market. Polymarket gained attention during the U.S. presidential election for accurately predicting Donald Trump...
Gemini Pays $50 Million to New York for Investor Fraud – CoinJournal
Gemini Trust has agreed to pay $50 million to the New York Attorney General Letitia James for defrauding investors in the Gemini Earn program. This money will be used to reimburse more than 230,000...
