Wollito UAB

According to the U.S. SEC, Brian Sewell allegedly never launched the crypto hedge fund that promised to use AI and other strategies for maximizing returns.

Crypto teacher loses student’s $1.2M investment in fake hedge fund

A crypto trading course instructor is facing charges from the United States securities regulator for misleading 15 students into investing a combined $1.2 million in a hedge fund that promised t...

7 months ago

An employee was invited to an online meeting with the firm’s chief financial officer and other staff, except none of them were real.

Employee loses $25M of firm’s funds after call with deepfake colleagues

Deepfake scammers managed to trick an employee at a multinational firm into sending out more than $25 million of company funds in an elaborate scam that impersonated multiple company executives ...

7 months ago

Powell said the Federal Reserve needs “more confidence” in the U.S. economy before it can begin cutting rates.

Fed’s Powell says US on ‘unsustainable fiscal path’ as debt burden grows

Federal Reserve Chair Jerome Powell is warning the United States is on an “unsustainable fiscal path,” with debt currently outpacing growth in the broader economy. Speaking...

7 months ago

A malicious actor claims they have a “KodexGlobal” account, allowing them to issue emergency data requests (EDRs) to several major crypto and social media platforms.

Hacker claims to have way to ‘subpoena’ Discord, Binance, Coinbase user info

An online hacker claims they have access to a law enforcement request account, “KodexGlobal,” allowing buyers to subpoena user information from Coinbase, Binance, Chainlink and other...

7 months ago

The proposed amendment to South Korea’s virtual asset service provider reporting requirements is expected to go into effect by the end of March 2024.

S. Korea proposes FSC screening of crypto execs before employment

South Korea’s financial watchdog proposed amendments requiring new executives of crypto projects to get regulatory approval before they start working in crypto companies. ...

7 months ago

Cryptocurrency exchange Binance has denied claims of a leak in its security system.

Binance comments on leak in its security system

After an X post claiming Binance user data was available on GitHub, Binance support noted in a post dated Feb. 5 that there are no leaks in the platform’s system and user accounts remain s...

7 months ago

The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018.

Canadian crypto platform Einstein Exchange was Ponzi scheme, says local regulator

The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto companies Einstein Exchange Inc., Einstein Capital Ltd., a...

7 months ago

NFT Legal Drama to Persist?

NFT Artist Ryder Ripps Must Dish Out $9M to Yuga Labs

NFT artist Ryder Ripps and associate Jeremy Cahen must pay Bored Ape Yacht Club (BAYC) developer Yuga Labs nearly $9m in profit disgorgement. Both have been permanently banned fro...

7 months ago

An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today.

FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a

7 months ago

Binance claimed the information was a “negligible risk” to users, but an earlier GitHub takedown request said it was a “significant risk” to the exchange.

Binance claims code leak on GitHub is ‘outdated,’ poses minor risk

Crypto exchange Binance has refuted a report claiming a “highly sensitive” cache of internal passwords and code had been exposed on GitHub for months — arguing the code was out...

7 months ago