This alleged $1.3B crypto scam likely faked its own CEO
Steven Reece Lewis was introduced as HyperVerse CEO in 2021 but nobody listed on his resume seems to have heard of him.
Results for Australia
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Meta pleads not guilty to recklessly handling crypto scam ads
Andrew Forrest launched the lawsuit against Meta last year, claiming it had failed to act on the ads after requests to take them down.
Crypto pyramid schemes thought to have stolen billions go unchecked
The alleged crypto pyramid schemes, HyperFund and HyperVerse, have been flagged by regulators across the globe but not Australia.
Australia dismantles crime syndicate that moved nearly $1B in crypto
In a series of raids against the crime syndicate, police seized $2M in crypto, $1.5M in cash, luxury watches, guns, and two tonnes of drugs.
Australia forces Binance to pay users after law-breaking
Binance Australia Derivates has paid $13.1 million in compensation for failing to provide required protections to retail users.
Aussie cops bust Chinese-backed exchange linked to crypto laundering
The 'Long River' syndicate is said to have used an Australia-wide remittance company in its AU$228 million cash and crypto laundering scheme.
Crypto casino Stake sued by firm with same name as it seeks Australian expansion
As Stake attempts to tap into Australia's growing gambling population, an established Sydney-based share trading platform protects its brand.
Another Chinese national arrested for $100M crypto scam in Australia
The crypto scam baited US victims into investing in manipulated crypto and forex trading sites while Chinese students legitimized the scheme.
eToro sued down under over ‘wholly inadequate’ customer checks
ASIC says that eToro's lax screening test for its contract for difference product could have led to “a significant risk of consumer harm."
FTX Australia license revoked nine months after implosion
FTX Australia saw its license revoked on July 14 and it now has until July next year to fully wind down all of its operations in the country.