BitMEX faces a class action lawsuit from BKX Services Inc. and David Namdar in New York, alleging fraudulent liquidations of customer Bitcoin collateral. The suit claims over 622 BTC in losses, accusing BitMEX of profiting from a system designed for liquidations, coinciding with the platform's announced September shutdown.
A 54-year-old Indian American man, Jaswinder Singh, is being sued by the US government to revoke his citizenship. Authorities allege he used false identities and concealed his immigration history, including a deportation order, to obtain permanent residency and later naturalization through misrepresentation and fraud.
The Trump administration is threatening to cut federal funding for unemployment assistance in all 50 states, citing concerns over "waste, fraud and abuse" in state-run programs. Acting Labor Secretary Keith Sonderling warned governors that administrative funds could be withheld for the first time in history.
Boxing legend Floyd Mayweather faces two felony charges in Las Vegas for allegedly writing a $200,000 fraudulent check to buy a luxury watch. He is also involved in other legal disputes and financial entanglements.
Hong Kong's anti-corruption watchdog has charged Lau Mun-cheung, former head of the Chinese University Medical Centre's Sports Medicine and Rehabilitation Centre, with fraud. He is accused of falsely claiming to have provided services to patients to obtain fees from the university.
Missouri is suing crypto ATM operator CoinFlip, accusing it of facilitating fraudulent transactions and profiting from them, particularly targeting seniors and veterans. The state seeks to enjoin CoinFlip from operating in Missouri and impose civil penalties.
Adani Group stocks surged after the US DOJ dropped criminal charges against Gautam Adani and nephew. The group also settled civil sanctions violation allegations with the US Treasury for $275 million, without admitting guilt.
Polish prosecutors are investigating Zondacrypto over alleged fraud and fund access issues, while local media report that CEO Przemysław Kral is in Israel.
Seoul Metropolitan Police Agency has requested an arrest warrant for Hybe founder Bang Si-hyuk for alleged fraudulent stock trading in 2019, accusing him of misleading investors into selling shares to a linked private equity fund ahead of the company's IPO. The case has taken a diplomatic turn with the US embassy in Seoul reportedly requesting South Korean authorities to allow Bang to travel to the US while under investigation.
