Founder of Binance crypto exchange admits failing to prevent money laundering
The founder of Binance, the world’s largest cryptocurrency exchange, has admitted he failed to take steps to prevent money laundering as the company agreed to pay more than 4 billion dollars (£3.2 billion) after an investigation
Crypto investment fraud warning issued by major bank
A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk. Lloyds Bank has recorded a 23% rise
FTX founder Sam Bankman-Fried pleads not guilty in New York
FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, is accused of illegally diverting massive sums
‘Worrying rise’ in crypto scams claiming to be celebrity-endorsed seen by bank
A “worrying” surge in reports about cryptocurrency scams which falsely claim to be endorsed by celebrities is being seen by a major bank. On average, people lost £11,872 to this type of scam in the first
