Amid the cryptocurrency market’s recent collapse, blockchain developers have liquidated over $17.7 million worth of Ethereum tokens (ETH) in the past month, marking the largest withdrawal for this year.
The Federal Bureau of Investigation (FBI) has arrested on November 28 AriseBank CEO Jared Rice Sr., charging him with six counts securities and wire fraud.
A U.S. court has denied an injunction lodged by the Securities and Exchange Commission against blockchain-based assets exchange Blockvest.
Professional boxer Floyd Mayweather Jr. and music producer DJ Khaled have recently settled charges filed by the U.S. Securities and Exchange Commission over failing to disclose that both were paid to serve as promoters of Initial Coin Offerings.
Finance Minister Lim Guan Eng has stated that Malaysia’s Securities Commission (SC), the country’s regulator, has informed him about a timeframe for the new rules.
Former journalist Jerry Ji Guo could be facing up to 20 years in prison after allegedly defrauding a number of firms, allowing him to swipe over $3.5 million in digital assets.
According to the issued guidelines, all listed firms aiming to launch an ICO are required to coordinate with SGX RegCo and provide a legal opinion from “reputable” firms explaining the tokens’ nature.
The fraudulent ICO project, dubbed as Union Bank Payment Coin, purportedly created a website that imitates certain elements of the Union Bank’s website interface.
The financial watchdog which enforces securities laws in North Dakota accuses UBPC of mimicking Liechtenstein-domiciled Union Bank AG, a pioneer in the crypto space.
Maksim Zaslavskiy, charged with operating two ICO scams REcoin and Diamond, has pleaded guilty in court.
Two cryptocurrency firms have recently settled charges filed by the U.S. Securities and Exchange Commission (SEC) over alleged violations of registration rules governing ICO securities offering.
A report by Ernst & Young found that only 29% of the 2017 ICOs have produced a product.
During the annual assembly of Ethereum developers known as the Devcon Conference held in Prague, Fabian Vogelsteller has proposed that these changes are expected to protect investors from scams.
The U.S. Securities and Exchange Commission (SEC) has filed a new set of evidence further solidifying its legal charges against alleged fraudulent crypto scheme PlexCoin.
The end-of-fiscal-year report by the US Securities and Exchange Commission has revealed heavy action against ICO-related fraud.