Ohio man sentenced to 9 years for $10M crypto Ponzi scheme

Ohio Bitcoin Ponzi operator Rathnakishore Giri gets 9 years for $10M fraud after promising risk-free returns and seeking new crypto victims.

Rathnakishore Giri falsely promised guaranteed returns on Bitcoin derivatives trading, using new investor funds to pay earlier participants.

DJ Hennes' appointment could enhance regulatory oversight and adapt CFTC's approach to evolving market dynamics, including crypto assets. The post CFTC appoints DJ Hennes as Director of Market Participants Division appeared first on Crypto Briefing.

The post The invisible flaw of AI: Community Bank exposes sensitive data appeared on BitcoinEthereumNews.com. Community Bank, a regional institution operating in Pennsylvania, Ohio and West Virginia, has recently admitted a cybersecurity incident linked to the use of an artificial intelligence (AI) application not authorized by the bank, used by an employee. The bank disclosed the incident through official documentation filed with the SEC on May 7, 2026, explaining that some customers’ sensitive data was improperly exposed. The information involved includes full names, dates of birth and Social Security numbers, i.e. data that in the United States represent some of the most sensitive elements from the standpoint of personal and financial identity. A simple artificial intelligence tool becomes a national security problem The most significant aspect of the case is that it was not a sophisticated hacker attack, ransomware, or particularly advanced technical vulnerabilities. The origin of

Anthropic's stance highlights the risks of unauthorized share transactions, emphasizing the need for investor diligence and regulatory oversight. The post Anthropic warns investors to avoid unauthorized secondary market sellers appeared first on Crypto Briefing.

In Kalshi’s legal battle with Ohio, the US Commodity Futures Trading Commission has lent its support, requesting that an appeals court confirm that the commission has authority over prediction markets. On Tuesday, the CFTC submitted an amicus brief to the Sixth Circuit Court of Appeals, accusing Ohio of engaging in

The post Kalshi gets CFTC support in Ohio sports market appeal appeared on BitcoinEthereumNews.com. The Commodity Futures Trading Commission has backed Kalshi in its appeal against Ohio regulators, asking the U.S. Court of Appeals for the Sixth Circuit to affirm federal oversight of prediction markets.  Summary CFTC says Ohio went too far by treating Kalshi’s federally regulated event contracts as sports gambling. The Ohio appeal adds to wider state battles over Kalshi, Polymarket, Crypto.com, Coinbase, and Robinhood. Trump-appointed CFTC Chair Michael Selig says the agency will defend its authority over prediction markets. The agency filed an amicus brief in KalshiEx LLC v. Matthew T. Schuler, et al., on May 12. The case centers on whether Ohio can treat Kalshi’s sports event contracts as unlicensed sports gambling.  State authorities had told the company to stop offering those markets in Ohio. Kalshi sued, but a federal district court denied its request for protection in March. The c

CFTC backs Kalshi in Ohio appeal, saying prediction markets on regulated exchanges fall under federal oversight, not state gambling rules