CFTC charges 5 in fraudulent digital asset trading scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against five individuals, accusing them of running a fraudulent digital asset trading scheme.

UK sees over 40% surge in crypto-related fraud cases 

The United Kingdom’s Action Fraud has revealed that cryptocurrency-linked fraud cases have increased in the past year, reaching 306 million pounds ($378 million). Authorities have proposed regulating the UK’s web3 space, like its gambling sector. Despi…

CFTC struggling to police cryptocurrency fraud

Commodities Futures Trading (CFTC) commissioner Christy Goldsmith Romero acknowledged the overwhelming prevalence of cryptocurrency fraud during a recent white-collar crime conference. She revealed that cryptocurrency-related cases now constitute about…

Defendants in $18m fraud lawsuit argue SEC lacks authority over crypto

Two individuals accused by the SEC of operating a fraudulent crypto mining scheme are seeking the dismissal of the lawsuit, asserting that the regulatory body lacks jurisdiction over cryptocurrencies.