crypto fraud case

Cryptocurrency Law Consultancy

Zero Edge Founder Fraud: SEC & DOJ Take Action Against Richard T. Kim for Misusing $3.7 Million in Investor Funds
ByShahid Jamal November 28, 2025November 28, 2025

The cryptocurrency sector has once again been confronted with a cautionary tale of misused investor funds, false promises, and aggressive regulatory action.
The U.S. Securities and Exchange Commission (SEC) has charged Richard T. Kim, the former CEO and founder of Zero Edge, with defrauding investors by diverting approximately $3.7 million intended for a blockchain-based online casino into personal crypto trading, gambling, and non-business expenses.

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Cryptocurrency Law Consultancy

Legal Commentary: Celsius Network Collapse Sets Critical Precedents for Crypto Custody and Insolvency Law
ByShahid Jamal June 25, 2025November 23, 2025

The collapse of Celsius Network between 2022 and 2024 will likely be remembered as a watershed moment in the legal treatment of crypto platforms — particularly those acting as custodians of customer assets. Beyond the headlines of bankruptcy, fraud charges, and billions in evaporated wealth, the case has laid bare the legal uncertainties surrounding digital asset platforms operating under centralized custodial models.

Read More Legal Commentary: Celsius Network Collapse Sets Critical Precedents for Crypto Custody and Insolvency Law