Canadian digital currency exchange helps you buy a sanctions-avoidance virtual currency created by a Russian on a sanctions list, with ties to a $100M Ponzi scheme

Tweet Russian on OFAC list launches a coin The Kharon Brief has an interesting article here about Aleksei Muratov, also spelled Aleksey Muratov, a Ukrainian on the OFAC sanctions list here, who founded, launched and owns an initial coin offering called PRIZM. Donetsk People’s Republic Muratov lives in the Donetsk region of Ukraine. According to […]

“Take the money and run, and blame someone else” – a digital currency exchange founder’s exit strategy

Tweet The brother A criminal complaint filed in the Southern District of New York and deposed by a special agent of the FBI against Konstantin Ignatov, an executive who helped operate a digital currency company called OneCoin and a digital currency exchange, sheds some light on the murky world of OneCoin. The money From 2014 […]

SEC obtains emergency order against Telegram’s ICO, which raised $1.7 billion from investors

Tweet Ex parte injunction The Securities and Exchange Commission (“SEC“) announced today that it filed an emergency application ex parte in US Federal District Court in Manhattan, and after a hearing, obtained a temporary order over the initial coin offering (“ICO“) launched by Telegram Group, Inc. (“Telegram“), the messaging application, which raised $1.7 billion from investors […]

Eagle Scout who became a Bitcoin multi-millionaire by selling fentanyl-laced pills on Canadian darknet site, found guilty of super kingpin charges

Tweet Super kingpin fentanyl dealer Aaron Shamo, who was an Eagle Scout and a Mormon, was found guilty at the end of August in Utah of continuing a criminal enterprise on the darknet and selling fake oxycodone pills laced with fentanyl. He is expected to be sentenced to life imprisonment under the “super kingpin” laws, similar […]

Bitcoin rich kid who sold drugs on the darknet laced with fentanyl sentenced to 17 years in prison

Tweet A 22-year-old California man named Wyatt Pasek, was sentenced on August 26, 2019, to more than 17 years in prison in California for selling fake oxycodone pills laced with fentanyl and other synthetic opioids. Pasek sold drugs on the darknet on a marketplace under the name “OxyGod”, and was paid with Bitcoin. The proceeds of […]

Blockchain companies in Vancouver, Canada caught up in securities fraud investigation

Tweet Bridgemark and Blockchain Two Canadian Blockchain companies based in Vancouver, BLOK Technologies Inc. (“Blok“) and Cryptobloc Technologies Corp. (“Cryptobloc“) have been caught up as part of the so-called Bridgemark scandal affecting Vancouver’s capital markets. The Bridgemark situation started in November 2018, when the Executive Director of the BC Securities Commission announced that he had […]

Ontario Securities Commission settles with Canadian ICO consultant, promoter and listing agent

Tweet The Ontario Securities Commission (“OSC“) has entered into a settlement agreement with a Canadian company called CoinLaunch to settle claims that it engaged in the business of trading securities contrary to the Securities Act (Ontario) in respect of two ICOs. Articles about CoinLaunch stated that over $1,050,000,000 was generated on its ICO platforms (see […]