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Tag: securities fraud

FSC Implements New Legislation for Crypto Market

The South Korean government has taken decisive action to safeguard the interests of cryptocurrency investors with the enactment of the Virtual Asset Users Protection Act, announced...

Montenegro Extradites Terraform Labs Former CFO To South Korea

Advertisement &nbsp &nbsp Han Chang-joon, ex-CFO at the now-defunct Singapore-based crypto company Terraform Labs who worked alongside CEO Do Kwon, has been extradited to...

Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction

The popular actor and comedian Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency...

Celsius Begins Asset Distributions To Customers As Court Approves FTX’s Repayment Plan – The Defiant

FTX’s creditor repayment plan was approved on the same day that Celsius began distributing assets to its former users.Celsius and FTX, two of the...

US DOJ Indicts Three Individuals Involved in $1.89 Billion Crypto Fraud Scheme

The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the...

SolarWinds Files Motion to Dismiss SEC Lawsuit

In a new filing with the US Southern District Court of New York, SolarWinds argued that the Securities and Exchange Commission was outside of...

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of BioVie Inc. (BIVI) on Behalf of Investors

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on...

Do Kwon’s Terraform Labs Files For Bankruptcy Protection; Terra Ecosystem’s LUNA, LUNC Plummet

Advertisement &nbsp &nbsp In a surprising turn of events, Terraform Labs, once a titan in the crypto industry, has filed for bankruptcy protection in...

US Government Charges German National for Allegedly Running $150,000,000 Crypto Scam – The Daily Hodl

US authorities are charging a German businessman for allegedly operating a crypto pyramid scheme that defrauded about $150 million from investors. In a new press...

Terraform Labs Files for Chapter 11 Bankrupty in Delaware – Decrypt

Terraform Labs, the company behind the LUNA and TerraUSD (UST) cryptocurrencies, has filed for voluntary Chapter 11 bankruptcy in Delaware.In its January 21 filing...

German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme

Horst Jicha, the German founder of USI Tech, a crypto mining and digital-asset trading platform, faces severe legal consequences in the United States. Federal...

Celsius to Unstake $466 Million Ethereum Holdings, ‘Ensure Ample Liquidity’ for Creditors – Decrypt

Bankrupt crypto lender Celsius Network will unstake its existing holdings of Ethereum in order to "ensure ample liquidity" when distributing assets to its creditors.In...

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