Industry
Crypto assets
6 organizations and 23 assessed claims in crypto assets.
Organizations
- Binance Holdings LimitedCayman Islands. 4 claims, 3 cases.
- Celsius Network LLCUnited States. 4 claims, 4 cases.
- FTX Trading Ltd.Bahamas. 3 claims, 3 cases.
- OneCoin Ltd.Bulgaria. 4 claims, 2 cases.
- Terraform Labs PTE LtdSingapore. 4 claims, 3 cases.
- Three Arrows Capital LtdBritish Virgin Islands. 4 claims, 3 cases.
Claims
- Supported14
- Partly supported1
- Contradicted3
- Outdated3
- Unresolved2
- Partly supported85The FTC alleged that Celsius falsely told customers their deposits were safe, that the platform was safer than a bank, and that it held a US$750 million insurance policy for deposits.
- Supported93FTX's founder was convicted of fraud and conspiracy charges and sentenced to 25 years in prison, and the conviction was upheld on appeal in June 2026.
- Supported97The US Department of Justice said Do Kwon pleaded guilty to fraud and was sentenced on 11 December 2025 to 15 years in prison with forfeiture of more than US$19 million.
- Supported94Binance's founder Changpeng Zhao, who pleaded guilty in November 2023 and was sentenced to four months in prison, received a US presidential pardon in October 2025.
- Supported93The US Department of Justice said Celsius founder Alexander Mashinsky pleaded guilty to commodities fraud and securities fraud and was sentenced to 12 years in prison in May 2025.
- Outdated92At Do Kwon's extradition in January 2025 the Department of Justice said he faced a nine count indictment carrying a maximum sentence of 130 years in prison.
- Unresolved58Nigerian authorities charged Binance with tax offences and, with a detained executive, with money laundering in 2024.
- Supported94The US Securities and Exchange Commission said that on 5 April 2024 a New York jury found Terraform Labs and Do Kwon liable for defrauding investors in crypto asset securities.
- Contradicted96Before its collapse, FTX's founder told customers, investors and the public that FTX customer deposits were kept safe, held in custody and kept separate from company assets, according to DOJ.
- Supported74Celsius said it emerged from Chapter 11 bankruptcy on 31 January 2024 after freezing customer withdrawals in 2022.
- Supported92The US Department of Justice said on 21 November 2023 that Binance pleaded guilty to anti-money laundering, unlicensed money transmitting and sanctions violations and agreed to pay over US$4 billion.
- Contradicted92In October 2023 Terraform Labs and Do Kwon told the court that the SEC had not proven the defendants did anything wrong.
- Supported75Liquidator Teneo said a Singapore court sentenced co-founder Su Zhu to four months in prison for failing to comply with a court order to help the investigation into the fund's failure.
- Supported93The Monetary Authority of Singapore said it issued nine-year prohibition orders against Three Arrows Capital directors Zhu Su and Kyle Livingston Davies that took effect on 13 September 2023.
- Supported96A September 2023 US Department of Justice statement said OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and ordered to pay about US$300 million for his part in the OneCoin scheme.
- Supported90The SEC and the US Department of Justice said Celsius and Mashinsky manipulated the price of the CEL token through undisclosed buybacks funded in part with customer money.
- Outdated89The SEC charged Binance, two Binance.US entities and Binance's founder in June 2023 with violating US securities laws.
- Supported90A US bankruptcy court opinion recorded that the British Virgin Islands court ordered Three Arrows Capital into liquidation on 27 June 2022 and appointed joint liquidators, and that the US court recognised the BVI proceeding as a foreign main proceeding.
- Supported93The Department of Justice said OneCoin was sold as a cryptocurrency but lacked a true blockchain, had no real value, and that its price was set by the company itself.
- Outdated73A November 2022 CNN report said customers who trusted FTX may be left with nothing.
- Supported91The Monetary Authority of Singapore said it reprimanded Three Arrows Capital Pte. Ltd. in June 2022 for providing false information to MAS and for exceeding the assets under management threshold for a registered fund management company.
- Unresolved81US prosecutors charged OneCoin founder Ruja Ignatova with wire fraud, securities fraud and money laundering conspiracy counts, and the FBI says she remains a fugitive on its Ten Most Wanted list.
- Contradicted88A January 2018 OneCoin company statement said the company had never been involved in criminal or illegal activities and called money laundering reports untrue and misleading.