Sam Bankman-Fried lost almost everything when the FTX crashed in November, which caused the whole cryptocurrency market to fall. Since then, more exchanges and funds on the platforms, such as BlockFi, that were related to FTX have gone down. The group’s founder, Sam Bankman-Fried (SBF), was later jailed in the Bahamas. The government tried to…
The judge who is presiding over the bankruptcy case of the FTX crypto exchange has still not come to a decision about whether an independent examiner should be appointed or not. This was after a hearing that went on for four hours and also included testimony from the new chief executive of the crypto exchange,…
Speaking in Davos at the World Economic Forum (WEF), Anthony Scaramucci talked about the close relationship he had shared with Sam Bankman-Fried, the former CEO of FTX, and his family. He also talked about his feelings when the extent of the FTX disaster had come to light. The relationship During the Blockchain Hub event of…
The disgraced ex-CEO of crypto exchange FTX, Sam Bankman-Fried has proven to be quite good at self-promotional PR. A few weeks ago, his crypto exchange had been valued at $32 billion filed for bankruptcy, and shook the entire crypto market. A new narrative The former crypto billionaire had promoted himself as a boy genius for…
The crypto wave has gained momentum in India in recent months. However, with several investors eager to put money in the industry, crypto scammers have taken advantage of this and managed to walk away with loads of investors’ hard-earned money. As a result, government regulatory boards have imposed numerous harsh regulations to curb the growing…
According to reports, a crypto legislation proposed at the start of 2022 may be approved by the Brazilian Chamber of Deputies this week. According to an official in the Chamber, Ricardo Barros, the law is scheduled for discussion this week. However, there have been no rumors of a potential vote for the bill. This is…
Payback Ltd Review Payback Ltd is one of the top financial companies in the scam retrieval industry. You can reach out to this firm whenever you need funds recovery services. It claims a solid workforce handling several cases concurrently. Despite having law firms in various jurisdictions and in-house lawyers, Payback Ltd does not employ litigation…
Proposals in the crypto sector help communities to carry out consensus-based decisions. However, this has led to a serious attack on the NFT music platform, Audius. According to reports, an anonymous hacker has stolen in-house tokens from the Audius platform. The hacker used Proposal #85, which is a governance proposal to conduct the exploit. The…
Crypto investment has proven more than worthy since 2019. The value of each cryptocurrency is currently more than double what it was in 2020. However, since 2018, the criminal element in the industry has been rising which isn’t good from the investors’ perspective. Yet, there is a report authored by an advisory firm known as…
As per the latest reports, Bitcoin.org has been shut down all of a sudden. It is considered as one of the first major sites that were launched for providing information around Bitcoin (BTC). The sources reveal that the website had recently been hacked. It is being reported that the platform has recently suffered a hack…
The Vancouver Police have sent out alerts to all residents within the city who are thinking of investing in cryptocurrency. They have requested that residents perform proper due diligence before making their investments, seeing how incredibly dangerous the market can be. Their recent announcement to potential crypto investors comes after them receiving multiple complaints about…
The crypto space reaches a more disturbing chapter as the Securities and Exchange Commission of the United States has agreed for a settlement comprising of above $12M to be paid by defendants Laura Mascola, Michael Noble, and Joshua Jeppesen, who were allegedly involved in the most notorious Ponzi scheme of the crypto history through launching…
The South African Government is trying to prevent crypto crimes otherwise the country is becoming a house of crypto frauds. Already two major frauds in the country have taken place, the credit of which goes to MTI and the recent fraudster, Africrypt. Both are said to be the biggest scams that have happened in the…
“One of the most common types of scams these days in Australia are the investment scams. Aussie investors lost US$ 670 Million to crypto fraudsters and scammers while US$ 75 Million has been stolen from the banking transfers.” These are the finding which has been contained in a report authored by Australian Competition & Consumer…