![What Led to SafeMoon 50% Drop? SEC Fraud Charges Shed Light What Led to SafeMoon 50% Drop? SEC Fraud Charges Shed Light](https://beincrypto.com/wp-content/uploads/2023/10/BIC_Recession_falling-covers_negative-min.png)
The Securities and Exchange Commission (SEC) has accused SafeMoon, its creator Kyle Nagy, CEO John Karony, and CTO Thomas Smith of orchestrating a colossal fraudulent scheme. This scheme was executed through the unregistered…
![SafeMoon executive team charged with multiple fraud counts, arrests made SafeMoon executive team charged with multiple fraud counts, arrests made](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-11/5afde2dc-ad28-4f8c-9400-0f962e587517.jpg)
The United States Securities and Exchange Commission (SEC) announced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token….
![Prosecutors Reject Altruism Defense in SBF’s Fraud Case Prosecutors Reject Altruism Defense in SBF’s Fraud Case](https://assets.bitdegree.org/images/prosecutors-reject-altruism-defense-in-sam-bankman-fried-fraud-case-featured.jpg)
Key Takeaways Prosecutors insist that Sam Bankman-Fried’s claim of effective altruism is irrelevant to his defense against fraud charges. Witness testimonies and evidence presented by the prosecution allegedly indicate that Bankman-Fried knowingly misused…
![CFTC Targets Mosaic Exchange Limited in Alleged Crypto Fraud Case CFTC Targets Mosaic Exchange Limited in Alleged Crypto Fraud Case](https://cryptopotato.com/wp-content/uploads/2023/01/CFTC_3.jpg)
The US commodities regulator has targeted yet another crypto exchange for allegedly running a “fraudulent” digital asset commodity scheme, The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US…
![FTX’s former external legal team disputes involvement in fraud allegations FTX’s former external legal team disputes involvement in fraud allegations](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/5d52c168-0c01-4be6-b25a-48ab2904fdab.jpg)
A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against it, claiming that it assisted in the exchange’s alleged fraudulent activities. According to…
![Bitcoin Blockchain Is Fighting Fraud In Guatemala’s Presidential Elections Bitcoin Blockchain Is Fighting Fraud In Guatemala’s Presidential Elections](http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTg5MDM2OTg5NDkwNjY5MDEy/20220424_btcfinal_decentralized-law-vs-centralized-legislation---jimmy-song.png)
Bitcoin is helping secure the truthfulness of Guatemala’s election results. Thanks to OpenTimestamps, a tool created by bitcoin developer Peter Todd a few years ago, Guatemalan tech startup Simple Proof is able to…
![Why the SEC Reacts So Harshly to ‘Affinity Fraud’ Ponzi Schemes Why the SEC Reacts So Harshly to ‘Affinity Fraud’ Ponzi Schemes](https://s32659.pcdn.co/wp-content/uploads/2023/03/bic_Jail_man_criminal_negative-1.png)
Of all the investment scams and unregistered offerings that the Securities and Exchange Commission (SEC) pursues, few arouse as much vehemence as “affinity fraud” schemes that exploit the trust of members of a…
![Every Third Russian Sees the Digital Ruble as ‘Some Kind of Fraud’ (Survey) Every Third Russian Sees the Digital Ruble as ‘Some Kind of Fraud’ (Survey)](https://cryptopotato.com/wp-content/uploads/2022/04/Russia.jpg)
Research conducted by the information service provider Bankinform estimated that many Russians are interested in the news surrounding the potential launch of a digital ruble. However, 32% are not in favor of such…