Six executives involved in the $1.5 billion (2 trillion won) South Korean crypto exchange fraud V Global have received prison sentences of up to eight years — but three were not detained so they could fight certain charges in court. V Global operated between July 2020 and April 2021, roping in around 50,000 investors by …
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Global cryptocurrency exchange Kraken has decided to pull its operations in Japan for the second time, citing a strain on its resources amid a “weak crypto market.” In a Dec. 28 blog post, Kraken said it has decided to cease its operations in Japan and deregister from the Financial Services Agency by Jan. 31, 2023, …
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Defrost Finance, the decentralized trading platform that suffered a $12 million exploit in the days leading up to Christmas, has denied allegations that it had “rugged” its users as part of an elaborate “exit scam.” On Dec. 23, the platform announced it suffered a flash loan attack, leading to the draining of user funds from …
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Recent data indicate that the current bear market has fared better than in 2018 but worse than in 2014 in terms of ROI. The price of bitcoin, which started the year at $50,700, has declined by more than 66% to $16,847.51 at press time, according to CoinMarketCap. BTC Year to Date ROI / Source: @@intocryptoverse …
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Peter Schiff responds to Mark Cuban following his previous pro-Bitcoin-anti-gold comments on the Club Random Podcast. 2 min read Updated: December 27, 2022 at 11:44 pm Cover art/illustration via CryptoSlate Euro Pacific Capital CEO Peter Schiff fired back at Mark Cuban in response to the entrepreneur’s previous comments on gold, saying he does not understand …
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Andy Yen, CEO of Proton, has expressed concerns about the state of crypto. 2 min read Updated: December 27, 2022 at 11:27 pm Cover art/illustration via CryptoSlate Proton CEO and co-founder Andy Yen said that he is unsure whether his company will continue to hold Bitcoin during a Forbes interview published on Dec. 27. The …
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Avraham Eisenberg has been charged with commodities fraud and manipulation. 1 min read Updated: December 28, 2022 at 12:35 am Cover art/illustration via CryptoSlate U.S. officials have filed criminal charges against Avraham Eisenberg, who exploited the DeFi platform Mango Markets earlier this year. Damian Williams, U.S. Attorney for the Southern District of New York, said …
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Finney’s widow, Fran Finney, announced the charity event on Twitter today. 1 min read Updated: December 28, 2022 at 12:08 am Cover art/illustration via CryptoSlate Fran Finney, the widow of early Bitcoin contributor Hal Finney, announced a charity half marathon in honor of her husband via Twitter on Dec. 27. The event is called “Running …
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The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI specialist. FBI Warns About Pig Butchering …
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The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC Warns About Unregulated Crypto Exchanges The …
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says now may be the last chance to buy gold and silver at low prices. “Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher,” Kiyosaki described. Robert Kiyosaki Expects Gold and Silver to Soar When …
Litecoin (LTC) seems to be recovering slowly from its fall since November. As the year filled with bearish market sentiments for crypto assets comes to […] Go to Source
The web 3 space is flooded with innovative projects that can’t go past having a great idea. Fitness is one of those ideas. Cryptocurrencies like […] Go to Source
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares. Those same shares were later used by Bankman-Fried as collateral for a loan taken by Alameda from BlockFi, one of the entities that are laying claim to the …
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A few months can feel like a lifetime in crypto. However, it probably hasn’t felt like long enough for Mango Markets exploiter Avraham Eisenberg, who was taken into custody in Puerto Rico this week. Eisenberg gained notoriety on crypto Twitter after describing his nine-figure exploit of the Solana-based protocol as “a highly profitable trading strategy.” …
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