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Sin Week

Beyond the Silk Road: Crypto Needs a Regulatory Course Correction

The Association of Certified Anti-Money Laundering Specialists' crypto and illicit finance expert says the industry needs to be more than "reluctant good citizens." This article is part of CoinDesk’s Sin Week.

By Joby Carpenter

Sep 1, 2022 at 5:43 p.m. UTC

Sep 1, 2022

CrimeOpinionSinWeekFraudSilk Road

CDCROP: WILE E COYOTE & ROADRUNNER (Warner Bros.)

Layer 2

Fraud

BitBoy Lost His Lawsuit the Instant He Filed It

The YouTube cryptocurrency promoter is only drawing more attention to the pump and dump-filled oeuvre he'd rather suppress.

By David Z. Morris

Aug 24, 2022 at 4:55 p.m. UTC

Aug 24, 2022

FraudSecurities FraudSecurities LawYouTubeThe NodeNewslettersOpinion

CDCROP: justice scale and gavel (Shutterstock)

Policy

Arrest

Miami Trio Charged With Defrauding Banks and Crypto Exchange of Over $4M

The DOJ has been cracking down on crypto-related scams as lawmakers become more vocal about illicit activity in the space.

By Elizabeth Napolitano

Aug 23, 2022 at 5:28 p.m. UTC

Aug 23, 2022

ArrestFraudDepartment of JusticeUS

Policy

Fraud

California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim's Crypto

The swindle defrauded Apple and targeted at least 40 people.

By James Rubin

Aug 11, 2022 at 1:05 a.m. UTC

Aug 11, 2022

FraudSIM SwappingUSDepartment of Justice

Tech

Polygon

Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear

The project's Twitter feed and Discord channel have been deleted.

By Shaurya Malwa

Aug 10, 2022 at 9:39 a.m. UTC

Aug 10, 2022

PolygonBNBDeFiFraud

Dragoma rug pulls for $3.5 million (Kevin Ku/Unsplash)

Business

Web3

Polygon-Based Web3 Game Dragoma Supporters Fall Victim to $3.5M Rug Pull: PeckShield

The funds have been siphoned out of the project and into centralized exchanges.

By Oliver Knight

Aug 8, 2022 at 8:28 a.m. UTC

Aug 8, 2022

Web3GamingTheftFraud

CDCROP: The U.S. Securities and Exchange Commission seal

Policy

Regulations

SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges

The regulator said the popular Ethereum dapp was used to swindle investors of over $300 million.

By Cheyenne Ligon

Aug 1, 2022 at 5:12 p.m. UTC

Aug 1, 2022

regulationsPonziSECFraud

Why Crypto Matters: A Conversation with the Head of the World’s Largest Crypto Exchange, Consensus 2022 by CoinDesk, Austin Convention Center, Austin, Texas, USA - 12 Jun 2022

Layer 2

Binance

Binance Investigations Officer: AML Cost Exchange ‘Billions in Revenue’

While venting to CoinDesk about unflattering Reuters coverage, the crypto exchange’s investigations team shared insights about the scale of illicit activity at Binance and its crime-fighting methods.

By Oliver Knight

Aug 1, 2022 at 12:42 a.m. UTC

Aug 1, 2022

BinanceMoney LaunderingdarknetSanctionsFraud

CDCROP: Alex Mashinsky & Carlos Matos (CoinDesk/Bitconnect)

Layer 2

Celsius

Celsius and BitConnect: Not So Different?

The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have drawn more regulatory scrutiny.

By David Z. Morris

Jul 27, 2022 at 5:59 p.m. UTC

Jul 27, 2022

CelsiusFraudBitconnectThe NodeNewslettersOpinion