Former President Donald Trump has recently made a surprising entry into the cryptocurrency world by launching a new platform named “The DeFiant Ones.” Announced on his Truth Social network, this move marks a dramatic shift from Trump’s earlier stance on digital currencies, which he had previously dismissed as scams. Now, ... Read more
In recent years, the allure of cryptocurrency has captivated many Americans, promising lucrative returns and the thrill of participating in a financial revolution. But beneath this glittering surface lies a dark and increasingly prevalent threat: the rise of “pig butchering” scams, a cruel and calculated fraud scheme that has drained ... Read more
Can It Reshape Harris’s Political Future?
Ruja Ignatova, the elusive “Cryptoqueen” wanted by the FBI for masterminding the $4.5 billion OneCoin cryptocurrency scam, has been hit with a global asset freeze. The order, brought on behalf of over 400 investors seeking compensation, was made public on Wednesday by London’s High Court. The move marks a significant ... Read more
On Tuesday, Wang Xinghong, the Chief Technology Officer (CTO) of A&A Blockchain, was sentenced to five years in prison for his role in a fraudulent cryptocurrency investment scheme. The 40-year-old Chinese national was convicted of conspiring to defraud investors out of S$6.7 million. Wang, who pleaded guilty to six counts ... Read more
In recent weeks, the confluence of several global uncertainties has led to notable turbulence in the cryptocurrency market. The trifecta of concerns surrounding the U.S. election, fluctuating interest rates, and potential instability in the Middle East has created a perfect storm, causing a significant drop in Bitcoin and other Altcoin ... Read more
On Thursday, the appellate court in Montenegro approved the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea. This decision marks the end of a prolonged legal tug-of-war between South Korea and the United States, both of which sought Kwon’s extradition following the catastrophic collapse of the TerraUSD ... Read more
The High Court of Singapore has dismissed a $9 million (S$12 million) lawsuit filed by an investor Georgios Baizanis against Snap Innovations and the founder of the now-defunct cryptocurrency platform Torque. Baizanis, a Greek investor, had accused the entities of fraud and misrepresentation related to investments in the startup and ... Read more
Bybit, one of the leading cryptocurrency exchanges globally, has announced on Thursday its decision to withdraw from the French Market. This move comes in response to recent regulatory developments in the country aimed at tightening oversight of the cryptocurrency sector. “It has always been Bybit’s primary objective to operate our ... Read more
The Enforcement Directorate (ED) has launched its first-ever raid in Leh-Ladakh, targeting a fraudulent cryptocurrency scheme under the Prevention of Money Laundering Act (PMLA). The operation involved searches at six locations, including Leh, Sonipat, and Jammu, focusing on M/S A.R.Mir and their cryptocurrency, “Emollient Coin.” The ED’s action was supported ... Read more
