Global #fraud

In a recent push to combat the rising wave of crypto ATM-related fraud, Senate Democrats are demanding immediate action from major Bitcoin ATM operators to safeguard elderly Americans.

Crypto asset management firm Bitwise is facing a $2 million lawsuit filed by Vandelay Industries on behalf of the Mukamal family. The lawsuit alleges financial misconduct, including breach of fiduciary duty, negligence, fraud, and violations of securities laws.

It's unfortunate but not surprising that scammers often try to take advantage of communities during times of market recovery or high activity. David Schwartz's warning serves as an important reminder for everyone involved in the crypto space to remain vigilant and skeptical of potential scams.

United States authorities have apprehended two individuals believed to be the masterminds behind a money laundering operation involving the funneling of over $73 million through U.S. financial institutions, ultimately converting the funds into Tether (USDT).

A fresh set of accusations has been brought against David Pan, the founder of the cryptocurrency exchange ACE, and another thirty-one people connected to the case in the ongoing legal battle between Taiwanese authorities and former executives of the company.

Currently, the CEO of Terraform Labs is being investigated for fraud by the Securities and Exchange Commission, federal prosecutors in New York, and South Korea.