Texas Hits Cryptocurrency Mining Firms with Cease and Desist for Fraud

Texas Hits Cryptocurrency Mining Firms with Cease and Desist for Fraud

Advertisement Twitter Facebook LinkedIn Texas executed regulatory action recently against two cryptocurrency mining companies. The Securities Commissioner for Texas sent EXY Crypto (also known as Execrypto) and AWS Mining PTY LTD. cease and desist letters based on fraudulent activities. EXY Crypto Texas order number ENF-18-CDO-1771 against EXY Crypto specifically names Morgan Nolan, Rafael Logan, and Melissa Spring…

Belgium Regulator Blacklists 21 Crypto Firms Suspecting Fraud

Belgium Regulator Blacklists 21 Crypto Firms Suspecting Fraud

Advertisement The Financial Services and Markets Authority (FSMA) has added 21 new websites of suspected cryptocurrency scams to its blacklist. Belgium’s financial regulator published the list on its official website, bringing their tally of suspected crypto scams in the country to 99. The agency found that despite their prior warnings concerning the risks associated with…

Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud

Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud

Advertisement Major global ticket sales and distribution company Ticketmaster has acquired Upgraded, a blockchain startup using DLT and “smart tickets” to combat fraud within the industry. Share of Controversy Ticketmaster — which merged with Live Nation in 2010 to form Live Nation Entertainment — is a live music behemoth that either leases, operates, or has…

U.S. Court Grants CFTC Request to Sue $6 Million Crypto Fraud

U.S. Court Grants CFTC Request to Sue $6 Million Crypto Fraud

Advertisement A U.S. district court on Wednesday gave leave to the U.S. Commodity Futures Trading Commission (CFTC) to proceed with the lawsuit against Nevada-based My Big Coin Pay Inc. who had allegedly been operating a $6 million fraud, per the court’s Memorandum of Decision. The federal judge who presided over the case affirmed that the cryptocurrency in…

Thai Actor Maintains Innocence with $24 Million Bitcoin Fraud

Thai Actor Maintains Innocence with $24 Million Bitcoin Fraud

Advertisement The charges on famous Thai actor Jiratpisit “Boom” Jaravijit and his sibling, Thanasit Jaravijit were heard earlier this week in court concerning an alleged bitcoin fraud worth nearly a billion baht (about $24 million), according to a local news outlet. The popular soap actor showed up at court well ahead of schedule but tried to…

Thai Actor ‘Boom’ Released on Bail in US$24 Million Bitcoin Fraud

Thai Actor ‘Boom’ Released on Bail in US$24 Million Bitcoin Fraud

Advertisement Thai actor Jiratpisit Jaravijit has been released on a 2 million Thai baht (approximately US$60,000) bail following his arrest over alleged money laundering in a bitcoin fraud case. As part of the conditions for his release, the actor popularly known as ‘Boom’ will be required to remain in Thailand. The 27-year-old television and commercials…

Korean Shipwreck ICO Under Investigation for Possible Fraud

Korean Shipwreck ICO Under Investigation for Possible Fraud

Advertisement A South Korean treasure-hunting company called Shinil Group recently made headlines across the world once they announced an ICO after making the big discovery of a sunken Russiani battleship carrying gold worth $130 billion. Team members from the company posted a YouTube video on July 16th showing how they were able to allegedly find wreckage of…