SEC charges 17 $300m for crypto Ponzi Scheme targeting Latinos

Diving headfirst into the murky waters of financial fraud, the U.S. Securities and Exchange Commission (SEC) recently brought the hammer down on 17 individuals involved in a colossal $300 millio...

6 months ago

The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.

Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.

6 months ago

The global competition for AI supremacy intensifies as companies consider relocating and countries offer incentives to attract AI talent.

AI talent crunch accelerates as countries scramble to secure their dominance

The race to develop and deploy high-level artificial intelligence (AI) models has become the latest fixation of governments and tech com...

6 months ago

The official X account for Trezor began asking users to send crypto to an unknown wallet address and posted nefarious links to a fraudulent token presale.

Trezor X account shills fake presale tokens in suspected hack

The official X account of hardware wallet manufacturer Trezor has published a series of nefarious posts pointing to fraudulent presale token offerings, suspected the result of a suspected SIM-sw...

6 months ago

Sam Bankman-Fried’s lawyers criticize prosecutors’ 50-year prison proposal as distorted, amid wire fraud and conspiracy accusations related to his crypto empire’s downfall.

Bankman-Fried’s lawyers decry proposed 50-year sentence as ‘medieval view of punishment’

U.S. prosecutors’ proposal to put FTX founder Sam Bankman-Fried in prison for as long as 50 years adopts a “medieval view of punishment,” as the filing port...

6 months ago

Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.

Cardano finally gets fiat-backed stablecoin USDM after huge delays

Layer-1 blockchain Cardano has welcomed its first 1:1 fully fiat-backed stablecoin, USDM, the latest entrant in a $146-billion stablecoin market dominated by Tether and Circle . ...

6 months ago

Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.

Binance cuts ties with venture capital arm

Binance Labs has become an independent venture capital arm, after severing ties with Binance exchange. The independent VC fund’s portfolio is now worth over $10 billion, covering...

6 months ago

Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene.

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under...

6 months ago

The SEC has charged 17 individuals for their involvement in a $300 million Ponzi scheme targeting predominantly Latino investors through the so-called CryptoFX LLC.

SEC charges 17 individuals in $300m crypto Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has brought charges against 17 individuals implicated in a $300 million Ponzi scheme, targeting predominantly Latino investors in the U.S. ...

6 months ago

Worldcoin Orb’s Privacy Scrutiny

Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit

Worldcoin has released the results of a third-party audit conducted by Trail of Bits focused on its iris-scanning Orb technology. According to a recent report, Tools for Humanity ...

6 months ago