Tweet Grand jury indictment for Canadian director Steven Nerayoff, a US lawyer who advised a number of digital currency companies and initial coin offerings (“ICOs“) was indicted by a Grand Jury on January 10, 2020, in New York. Nerayoff is, or was, the Chairman of a British Columbia public company called Global Blockchain Technologies Corp. […]
Tweet Inner City Press, a blog that covers trials in the Southern District of New York, and which covered one of the trials associated with the initial coin offering (“ICO“) of OneCoin, released an email by the founder of OneCoin, Ruja Ignatova, where she said she had £220,000 in cash and wanted it stored in […]
Tweet Two Bitcoin guys, one who called himself the “Krypto King”, were charged in Arizona with money laundering and wire fraud after an investigation by the US Secret Service. According to material filed in the case, they are alleged to have used US$4.5 million of money that belonged to customers to live a lavish lifestyle […]
Tweet The CSA guidance The Canadian securities commissions, through the Canadian Securities Administrators (the “CSA“), issued guidance on digital currencies and digital currency exchanges in Canada, the impact of which fundamentally changes the legal landscape for digital currency exchanges and puts the vast majority of them under the supervision of provincial securities commissions. The securities […]
Tweet A few weeks ago in China, several digital currency exchanges announced that they were suspending trading or shutting down operations altogether, leaving the recovery of potentially hundreds of millions of dollars of funds with those exchanges up in the air, and this after approximately US$3 billion went missing from two initial coin offerings (“ICOs“) […]
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 […]
Tweet Canadian ICO founder arrested; investors all over the world may be out at least $80 million A Canadian from Montreal, Quebec, named Aziz Com Mirza, was arrested in Dubai on October 27, 2019, and is chilling in the Al Awir jail, on allegations of running a Ponzi scheme. Mirza founded a Canadian initial coin […]
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 […]
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 […]
Tweet The FBI arrested Steven Nerayoff, a US lawyer known for his work on advising ICOs (allegedly including the first ICO issued by Toronto’s Ethereum and Ethereum’s second ICO, The DAO), and charged him with extortion. According to the complaint, Nerayoff was retained by the Seattle company to assist it to launch an ICO for […]