Crypto Crackdown: Indian Tax Officials Expose Wedding Planners' Digital Currency Network
Income Tax officials in Jaipur have uncovered a sophisticated cryptocurrency operation during raids on wedding planners, seizing ₹20 crore and freezing crypto wallets. The investigation revealed an elaborate scheme converting unaccounted wedding cash into digital currencies through hawala networks.
Former FTX Executive's Prison Sentence Reduced for Good Behavior
Ryan Salame, former FTX Digital Markets Co-CEO, will be released from prison over a year earlier than planned due to good conduct provisions. The adjustment follows varying sentences for FTX executives as the collapsed crypto exchange prepares to begin creditor repayments.
Montenegro Court Rejects Do Kwon's Appeal, Setting Stage for US or South Korea Extradition
Montenegro's Constitutional Court has unanimously rejected Terra founder Do Kwon's appeal against his extradition ruling, leaving the final decision to the Justice Minister. The high-profile case could see Kwon face charges in either the US or South Korea for the $34 billion collapse of TerraUSD and Luna tokens.
Crypto Project HEX Plunges as Founder Heart Lands on Interpol's Most Wanted List
Richard Heart, founder of cryptocurrency HEX, has been added to Interpol's Red Notice list amid tax fraud charges and assault allegations in Finland. The news triggered a 25% drop in HEX's value, adding to the project's dramatic 99% decline from its peak.
NFT Scammers Face Federal Charges in $22M Cryptocurrency Fraud Case
Two California residents are charged with orchestrating multiple NFT rug pull schemes that defrauded investors of $22 million between 2021-2024. The case highlights the FBI's growing concerns as Americans lost over $5.6 billion to crypto fraud in 2023 alone.
Crypto Scammer Impersonates Uber Drivers to Steal $300K in Digital Assets
A sophisticated cryptocurrency theft scheme in Scottsdale led to the arrest of a man who stole $300,000 by posing as an Uber driver and accessing victims' phones. The case highlights an emerging trend of in-person crypto robberies, with 19 documented cases worldwide in the past year.
Influencer's Cryptocurrency Collapse Sparks Legal Investigation and Investor Outrage
Social media personality Hailey Welch faces scrutiny from law firms after her $HAWK cryptocurrency crashed 95%, causing devastating losses for investors. The incident, which involved questionable token distribution and alleged pump-and-dump tactics, has ignited debates about celebrity crypto promotions.
Coffeezilla Exposes Troubling Launch of Viral Influencer's Memecoin
Cryptocurrency investigator Coffeezilla blasts the launch of Hawk Tuah's memecoin as 'horrible' after it crashed 91% following an initial 900% surge. The incident has sparked criticism from prominent internet figures and reignited concerns about celebrity-backed crypto projects.
Former Celsius CEO Pleads Guilty in $42M Crypto Fraud Case
Alex Mashinsky, former CEO of Celsius, has pleaded guilty to two criminal charges involving investor deception and illegal trading practices. The cryptocurrency executive faces up to 30 years in prison after admitting to manipulating markets and making false claims about regulatory approval.