updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131American economist and “Gold bug” Peter Schiff warned Michael Saylor of lawsuits as Strategy uses funds raised from STRC perpetual preferred stock to buy Bitcoin. He calls STRC “misleading to constitute fraud.” Ad Ad Peter Schiff Takes Aim at Michael Saylor and Strategy’s STRC Stock After heavy MSTR Class A common stock dilutions, Michael Saylor’s
The post Peter Schiff Warns Michael Saylor of Lawsuits, Labels STRC “Misleading to Constitute Fraud” appeared first on CoinGape.
]]>The Thane Police have arrested Sumit Gupta and Neeraj Khandelwal, the co-founders of major Indian cryptocurrency exchange CoinDCX, following allegations of a fraud scheme involving approximately Rs 71.6 lakh ($75,000). The arrests, executed on March 21 or 22 after the founders were summoned for questioning, mark a startling escalation in regulatory enforcement against the country’s first crypto unicorn. While the specifics of the case involve a single complainant, the detention of executives from a platform serving over 15 million users signals a pivot in how Indian authorities are handling financial disputes in the digital asset sector.
The development comes at a precarious time for CoinDCX, which is arguably still stabilizing operations following a debilitating $44.2 million security breach in 2025. CoinDCX has characterized the fraud incident as a case of sophisticated brand impersonation rather than internal malfeasance, a defense that highlights the growing friction between crypto platforms and local law enforcement mechanisms.
The FIR filed against our co-founders is false and filed as a conspiracy against CoinDCX by impersonators posing as Founders of CoinDCX and cheating the public at large. We have taken cognizance of the fact and published a notice to public at large on our website that CoinDCX is…
— CoinDCX : India Ka Crypto Coach (@CoinDCX) March 21, 2026
EXPLORE: Best DeFi Coins to Buy in 2025
According to the First Information Report (FIR) registered on March 16 at the Mumbra police station, the investigation was triggered by a complaint from a 42-year-old insurance advisor. The complainant alleges that between August 2025 and March 2026, he transferred funds totaling Rs 71.6 lakh via cash and bank channels under the promise of high returns on crypto investments and exclusive CoinDCX franchise rights—neither of which materialized. The funds were allegedly routed to third-party accounts unrelated to the exchange’s official corporate structure.
Police have invoked provisions of the Bharatiya Nyaya Sanhita (BNS) covering criminal breach of trust and cheating against six individuals, including Gupta and Khandelwal. The founders were remanded to police custody until March 23 by a holiday court in Thane. The specifics of the remand suggest that authorities are treating the executives as vicariously liable for the loss, a common prosecutorial strategy in India when financial platforms are involved in downstream fraud claims.
these indians have a $2,450,000,000 company, and someone scammed $76,161 using their name
sumit gupta and neeraj khandelwal are cofounders of india’s largest exchange
a complaint was filed on march 16 in thane about a fake site posing as coindcx
that fake site promised 10-12%… pic.twitter.com/ccChgsjVoG
— Maran (@TheMaran) March 22, 2026
CoinDCX has vigorously denied direct involvement, pointing to a surge in phishing scams targeting its user base. The exchange recently reported identifying over 1,212 fake websites mimicking its interface between April 2024 and January 2026. Data presented by the legal team indicates that they have been cooperating with cyber cells to takedown these entities, suggesting the complainant may have fallen victim to one of these external impersonation rings.
The arrest of high-profile founders for what appears to be third-party fraud underscores the extreme regulatory ambiguity currently defining the Indian market. Unlike the United States, where courts often separate platform liability from user error, seen when a California court dismisses a Coinbase user challenge regarding tax summons, Indian enforcement agencies frequently target platform operators first to secure liquidity for victims.
We suspect this aggressive posture is partially a reaction to the sheer volume of crypto-related fraud reports flooding local police stations. Without a dedicated regulatory framework or a specialized digital asset tribunal, local police forces are often left to adjudicate complex technical disputes using blunt instruments like the BNS code. This creates a precarious operating environment where legitimate exchanges bear the reputational and legal risk for scams operated by third parties using their brand equity.
This incident also parallels prior enforcement patterns, such as the GainBitcoin investigation, where the line between operator negligence and external criminality was frequently blurred during initial proceedings. While global platforms like Hyperliquid open policy advocacy centers to shape legislation proactively, Indian exchanges are largely forced to react to enforcement actions after the fact, operating in a defensive crouch that hampers broader institutional adoption.
EXPLORE: Top Crypto Exchanges for Leverage Trading
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing “information gain” that cuts through market hype to find real-world blockchain utility.
Roger Ver, widely known in the crypto world as “Bitcoin Jesus,” has reached a settlement with the U.S. Department of Justice (DoJ) to end a tax fraud case. The agreement marks one of the most high-profile reversals in crypto enforcement under President Trump’s administration. Roger Ver Settlement Highlights Trump Administration’s Softer Stance on Crypto Enforcement
The post Roger Ver, ‘Bitcoin Jesus,’ Settles $48M Tax Fraud Case with U.S. DOJ appeared first on CoinGape.
]]>An independent investigation commissioned by Input Output found no evidence to support accusations of fraud or misconduct in Cardano’s decade-old ADA Voucher Program, according to a forensic report released on.
The review, conducted jointly by law firm McDermott Will & Emery and accounting firm BDO, examined public claims that insiders misused ADA, manipulated blockchain upgrades to block redemptions, or improperly diverted unredeemed tokens.
The 150-page report, dated Sept. 2, 2025, concluded the allegations “do not have any basis.”
Investigators reviewed tens of thousands of documents, carried out blockchain and forensic analyses, and interviewed 18 people ranging from former employees to voucher holders.
Their findings showed that 14,282 vouchers, representing 99.7% of all ADA sold in the program, were successfully redeemed through a mix of on-chain redemptions and a follow-up recovery initiative.
Contrary to claims that elderly investors were disproportionately targeted, only 6.1% of vouchers were sold to people over 65. Of those, just 14 vouchers remain unredeemed.
The report said the program included safeguards to prevent misrepresentation, and distributors who broke rules were suspended. When Cardano’s Byron-era redemption process ended in 2017, 390 vouchers, worth 318 million ADA, remained unclaimed.
Input Output launched a “Post-Sweep Redemption Project” that deployed consultants and private investigators to track down voucher holders. That effort raised the overall redemption rate to near totality.
The report also addressed concerns about unredeemed ADA. In 2023, 68.25 million tokens judged unlikely to be redeemed were transferred to Cardano Development Holdings, a Cayman-based foundation overseen by the nonprofit Intersect.
Those funds supported ecosystem growth through continuity contracts, grants, and community projects. Intersect was formed in July 2023 by Input Output and EMURGO, which each pledged $500,000 annually to the group’s operating budget.
The report said much of the transferred ADA went toward contracts with Input Output Infrastructure, which in turn paid subcontractors under strict monitoring procedures.
The findings mark the strongest rebuttal to long-running social media accusations that Cardano insiders enriched themselves at the expense of early investors. Input Output said it released the full report to “ensure transparency” and encouraged community members to review it.
Economist Peter Schiff has sparked controversy with his contradictory stance on a strategic Bitcoin reserve. Initially, he supported the idea, countering Donald Trump’s proposal to include XRP as a reserve asset alongside other cryptocurrencies. However, in a surprising reversal, Schiff has now renounced his BTC reserve endorsement. In his latest comments, Schiff accused Bitcoin promoters of fraudulent behavior, claiming they manipulated information to boost the BTC price.
In a bizarre turn, Peter Schiff, a renowned economist and financial analyst, has renounced his support for a strategic Bitcoin reserve. Schiff shared an X post today, addressing “Bitcoin pumpers” fraud and criticizing them for spreading misinformation to manipulate BTC price.
Schiff’s reversal comes on the heels of reports suggesting he had backed a strategic Bitcoin reserve, particularly as an alternative to XRP. However, he has now dismissed these claims, emphasizing that he never supported a Bitcoin reserve. Instead, Schiff criticizes the reports, alleging that Bitcoin promoters manipulate information to boost the cryptocurrency’s value. He added, “This type of fraud is common in Bitcoin.”
In response to President Donald Trump’s decision to establish a US crypto reserve that includes Bitcoin, XRP, Solana, and Cardano, Peter Schiff shared his perspectives. While Schiff wrote on X that he understood “the rationale for a Bitcoin reserve,” he strongly opposed the idea of an XRP reserve. He posited, “But what’s the rationale for an XRP reserve? Why the hell would we need that?”
While the XRP community countered Peter Schiff’s comments by highlighting the cryptocurrency’s potential, Bitcoin enthusiasts assumed his remarks signaled support for a BTC reserve. The enthusiasts celebrated his words, “Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too.” However, via his latest post, he questioned the BTC supporters for misinterpreting his comments.
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” stated Donald Trump via X post.
Following Donald Trump’s announcement of the crypto reserves plan, the market explodes, with the total market cap reaching $3.03 trillion, up 6.47%. Bitcoin, which hovered around the $85k mark, skyrocketed to $94,810, possibly triggered by Trump’s move and Peter Schiff’s statement.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Frank Ahlgren, an early Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for tax fraud related to his unreported cryptocurrency gains. This case marks the first criminal tax evasion prosecution in the United States centered entirely on cryptocurrency, according to the Department of Justice (DOJ).
The DOJ revealed that Ahlgren underreported capital gains earned from selling Bitcoin (BTC) worth $3.7 million between 2017 and 2019. Despite being required to disclose all cryptocurrency transactions on tax returns, Ahlgren misrepresented the cost basis of his Bitcoin holdings, inflating purchase prices to reduce taxable profits.
Ahlgren initially purchased 1,366 BTC on Coinbase in 2015, when Bitcoin prices were under $500. In October 2017, he sold 640 BTC for approximately $5,807 per Bitcoin, generating $3.7 million in revenue.
These funds were used to purchase real estate, including a house in Park City, Utah. However, Ahlgren filed a false 2017 tax return, claiming higher acquisition costs than were accurate, which significantly reduced his reported capital gains.
Further investigations revealed that Frank Ahlgren continued to evade taxes in 2018 and 2019, failing to report over $650,000 in additional Bitcoin sales. Authorities stated that he used sophisticated methods to conceal his transactions. These included transferring funds across multiple wallets, conducting in-person cash transactions, and using crypto mixers to anonymize Bitcoin transfers.
The DOJ noted that Ahlgren demonstrated prior knowledge of such methods, referencing a 2014 blog post where he discussed using mixers to increase anonymity in cryptocurrency transactions. The total tax loss caused by Ahlgren’s actions exceeded $1 million.
Acting Deputy Assistant Attorney General Stuart Goldberg commented on the sentencing, stating,
“Ahlgren lied to his accountant about the extent of his gains and attempted to obscure his profits through complex techniques. That conduct has earned him a two-year sentence.”
In addition to the prison sentence, U.S. District Court Judge Robert Pitman ordered Ahlgren to serve one year of supervised release and pay $1.1 million in restitution to the U.S. government. The IRS’s Criminal Investigation team emphasized that cryptocurrency transactions are not beyond their reach.
“This case demonstrates that no one is above the law,” said Lucy Tan, Acting Special Agent in Charge of the IRS Criminal Investigation Houston Field Office. “Our team has the tools and expertise to trace financial activity, whether it involves dollars, pesos, or cryptocurrency.”
While the case does on, Bitcoin’s price remains strong. Recent predictions by analytics firm Matrixport suggest that Bitcoin could reach $160,000 by next year. Despite market volatility, Bitcoin continues to gain traction as an asset class, maintaining its current price of around $101,046.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Your first lesson is on the way.
✓ Share: