BitConnect was an online crypto lending platform that collapsed in 2018, causing investor losses estimated at over USD 2.4 billion.
January 17, 2023NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm's deteriorating financial condition.
January 9, 2023Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.
January 5, 2023Two Estonians induced victims to enter into “fraudulent equipment rental contracts" and to invest in a fake digital currency bank.
November 29, 2022Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.
August 4, 2022A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.
July 13, 2022Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.
July 4, 2022A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
May 26, 2022BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
March 1, 2022Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021