Tag: charges

Celsius
July 14, 2023 BY Steffy Bogdanova

Celsius founder Alex Mashinsky arrested for crypto fraud

Likewise, the Commodities Futures Trading Commission (CFTC) brought similar charges against the crypto lender and its founder. The CFTC asserted that Celsius and Mashinsky operated an extensive commodity pool scheme involving digital asset commodities. The derivatives regulator announced a settlement agreement with Celsius, which includes a court order permanently prohibiting the company from engaging in…

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March 28, 2023 BY Steffy Bogdanova

CFTC charges Binance and its founder for operating an illegal digital asset derivatives exchange

The complaint alleges that Binance has offered and executed commodity derivatives transactions for US clients since July 2019. Moreover, the CFTC said that Binance directed its employees and customers to get around compliance controls detailing that they were encouraged to use messaging applications set to automatically delete written communication to avoid leaving evidence. The complaint…

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CFTC
January 10, 2023 BY Steffy Bogdanova

CFTC charges Mango Markets manipulator with fraud in a $110 million scheme

Acting Director of Enforcement Gretchen Lowe, said: The CFTC will use all available enforcement tools to aggressively pursue fraud and manipulation regardless of the technology that is utilized. The CEA prohibits deception and swap manipulation, whether on a registered swap execution facility or on a decentralized blockchain-based trading platform.” The scheme According to the official…

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January 05, 2023 BY Steffy Bogdanova

SEC charges CoinDeal Crypto Scheme creator in a $45 million fraud

According to SEC, CoinDeal was never sold and no distributions were made to its investors. Furthermore, the defendants misappropriated millions of dollars of investor funds for personal use. Chandran even used the investment funds t buy cars, real estate, and a boat. Daniel Gregus, Director of the SEC’s Chicago Regional Office, said: We allege the…

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FTX
December 28, 2022 BY Steffy Bogdanova

US investigates FTX hack and the stolen $370 million

FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…

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