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Co-founder of Voyager Digital Stephen Ehrlich faces charges from the Commodity Futures Trading Commission for alleged fraud and failing to register with the agency. The Commodity Futures Trading Commission (CFTC) has leveled accusations against Stephen Ehrlich, the co-founder of Voyager Digital. According to the CFTC, Ehrlich is being charged with fraud and failure to register with the commission. The core of the accusations suggests that Ehrlich and his company presented misleading information to their clients regarding Voyager’s financial status. The CFTC alleges that as Voyager was on the verge of collapse, misleading statements were made to obfuscate the crypto lender’s precarious financial health. Today, @CFTC charged the former chief executive officer of a digital asset platform with fraud in a massive commodity pool scheme. Read more: https://t.co/N3xqYv71z2 — CFTC (@CFTC) October 12, 2023 CFTC Enforcement Director Ian McGinley commented on the matter, stating,...

Hong Kong officials have cracked down on purported crypto fraud , arresting six people , including two well-known social media influencers linked to the JPEX platform. The arrests come as a part of an investigation into the Hong Kong-based platform, which has reportedly operated without a valid license and has been at the center of complaints amounting to a staggering 1 billion Hong Kong dollars ($127.8 million). The Securities and Futures Commission (SFC), Hong Kong’s market regulatory body, noted that the unlicensed operations of JPEX have received over 1,408 complaints, drawing a significant spotlight on the hurdles of establishing a crypto hub in the territory. The police have been actively investigating the matter, responding to a wave of discontent from users who have reportedly lost substantial assets. You might also like: Hong Kong arrests celebrity linked to JPEX amid investigations In a recent blog post, JPEX attributed its liquidity challenges to what t...

Lawyers representing the former FTX CEO say he's being served a “flesh diet” in prison even though he's vegan, and has been subsisting on bread, water and peanut butter. FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center (MDC), according to an Aug. 22 transcript shared by the Inner City Press. Bankman-Fried’s attorneys claimed that due to the lack of vegan options provided by the prison, he had been forced to subsist on a diet of bread, peanut butter and water. The former FTX boss refused to eat the “flesh diet” being served at the MDC. Mark Cohen: They are serving him a flesh diet. He is only eating b...

Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets. Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices. Kaspersky’s cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. According to the blog post, the fake wallet allowed fraudsters to steal Bitcoin (BTC) via a replaced microcontroller, which enabled attackers to take over control of the user's private keys. The victim reportedly purchased a tampered hardware wallet that posed as Trezor’s advanced crypto wallet Trezor Model T. The fake wallet appeared to be exactly the same as a genuine Trezor Model T wallet, providing a standard set of wallet functions. “When handling the wallet, nothing felt suspicious either: all the functions worked as they should, and the user...