SEC Sues Texas Man For $12.3 Million Crypto Asset Fraud – Details
The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme. The case, filed at the US Southern District of Texas, seeks several penalties against the defendant for allegedly defrauding 150 victims. In a press release on May 28, the SEC […]
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The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has sued a crypto hedge fund founder in Manhattan federal court. The regulator alleges that Stefan Qin, a 23-year-old Australian, defrauded investors in his $92.4 million cryptocurrency arbitrage fund, according to Tuesday’s court filing. Qin founded New....
Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.
Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million
The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021.
The crypto firm made claims....
On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary judgment on the civil forfeiture of 147 bitcoin worth $6.3 million held on a Trezor hardware wallet. According to the court filing, the crypto assets stemmed from a Target gift card fraud incident that started in 2016. Gift Card Fraud Money Turned Into Bitcoin The Western District of Texas, San Antonio Division Court has been dealing with a case that involved gift card fraud and bitcoins. According to the court filing, an American named Jaymes Allen Clark worked at the retail chain Target as an....
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details. Coinberry Sues Users to Get Bitcoin Back Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and obtained bitcoin without paying. Coinberry, a regulated crypto trading....
Robert Dunlap will spend the next two decades in federal prison after a judge handed down a 276-month sentence for his role in a massive crypto fraud. A federal court in Florida issued the ruling following Dunlap’s conviction on charges of conspiracy to commit mail fraud and wire fraud. Related Reading: Tether Expands Bitcoin Bet, […]