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🎙️Podcaster-turned-crypto-conman Thomas Sfraga has pleaded guilty to wire fraud, duping victims into investing in non-existent ventures. His weapon of choice? A fictitious 'virtual wallet' promising sky-high returns of 60% in 3 months.🚀 But alas, it was all a Ponzi scheme. Sfraga was using new investments to pay off old ones while pocketing a cool $1.3 million for himself. Talk about a plot twist!🎭 Despite the scandal, the crypto market remains bullish. Bitcoin rose 65% in three months this year, with altcoins like Pepe and Dogwifhat soaring by 722% and 656% respectively.💰 This case is part of a larger crackdown on crypto fraud. Remember folks, if it sounds too good to be true, it probably is. Let's continue to foster a safe and transparent DeFi space.🛡️ What's your take on this? Share your thoughts in the comments! #DeFi #CryptoNews #Web3

🎙️Podcaster-turned-crypto-conman Thomas Sfraga has pleaded guilty to wire fraud, duping victims into investing in non-existent ventures. His weapon of choice? A fictitious 'virtual wallet' promising sky-high returns of 60% in 3 months.🚀

But alas, it was all a Ponzi scheme. Sfraga was using new investments to pay off old ones while pocketing a cool $1.3 million for himself. Talk about a plot twist!🎭

Despite the scandal, the crypto market remains bullish. Bitcoin rose 65% in three months this year, with altcoins like Pepe and Dogwifhat soaring by 722% and 656% respectively.💰

This case is part of a larger crackdown on crypto fraud. Remember folks, if it sounds too good to be true, it probably is. Let's continue to foster a safe and transparent DeFi space.🛡️

What's your take on this? Share your thoughts in the comments! #DeFi #CryptoNews #Web3

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🚀 Tether's USDT just minted another cool $1 billion, pushing its market cap to a whopping $110 billion! Bitcoin, are you ready for a new all-time high? 📈 In the past day, Tether's treasury has been busy printing $1 billion worth of USDT, bringing its annual total to a jaw-dropping $31 billion. According to Lookonchain, this minting spree has been a key driver for Bitcoin's price rise from $27,000 to $73,000. But wait, there's more! Tether is also directly investing in Bitcoin. The company plans to invest 15% of its net profit in Bitcoin to diversify its stablecoin's backing assets. As of March 31, Tether had acquired 8,888 BTC worth $618 million, making it the seventh-largest Bitcoin holder globally. 🌍 Currently, Tether's wallet holds over 78,317 BTC, valued at more than $5.18 billion, one year after announcing its diversification plan. Bitcoin's price movements are also influenced by institutional investments in spot Bitcoin exchange-traded funds (ETFs). According to Dune, U.S. Bitcoin ETFs have seen over $200 million in net inflows over the past two weeks. By February 15, Bitcoin ETFs accounted for about 75% of new investments in Bitcoin as it crossed the $50,000 mark. On May 16, Bitcoin’s price confirmed a breakout on the daily chart, with $65,000 acting as strong support, according to TradingView. However, Bitcoin might still experience a temporary correction to below $63,500 before reclaiming the $70,000 psychological mark. What do you think? Will Bitcoin hit a new all-time high or will it experience a temporary correction? Let's discuss in the comments! 🚀👇
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🚀Move over, Shiba Inu and Dogecoin, there's a new memecoin in town! Flipped Cat (FLICAT), a fresh Solana memecoin, is ready to claw its way up the crypto ladder. With a current market cap below $17,000, early investors could see returns of 2,000%-5,000% if it reaches a modest market cap of $200,000-$500,000. 😼 🔥The feline frenzy doesn't stop there. FLICAT is set to rally 8,300% in the next two days ahead of its listing on Bitrue, potentially reaching a multi-million dollar market cap. Currently, it can only be purchased via Solana decentralized exchanges like Jupiter and Raydium. 🐾 💰Remember the astronomical returns from early investments in SHIB and DOGE? FLICAT could offer a similar opportunity. If it goes viral, we might see a new wave of memecoin millionaires. So, are you ready to flip the script with Flipped Cat? 🐈 What are your thoughts on this new memecoin? Share in the comments below! #DeFi #Web3 #Cryptocurrency
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🚀🐱Gambling Cat (GAMBCAT), the latest Solana memecoin, is ready to blast off! With a potential 14,000% price surge on the horizon, it's time to buckle up. Thanks to its upcoming listing on KuCoin, millions of new investors are about to join the party. Remember the astronomical returns from early SHIB and DOGE investors? GAMBCAT could be the next big thing. With over $6,000 locked liquidity at launch, this kitty has a unique edge over other memecoins. To get in on the action, connect your Solflare, MetaMask, or Phantom wallet to Raydium or Jupiter and swap Solana for GAMBCAT. If GAMBCAT follows the pawprints of SHIB and DOGE, we could see a new wave of memecoin millionaires in no time! 🎉 The Solana memecoin craze continues, with many SHIB, DOGE, and WIF investors turning their attention to newbies like GAMBCAT. What do you think? Is GAMBCAT the next big memecoin? Share your thoughts in the comments! #DeFi #Web3 #CryptoHumor
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🚀 ShibaSwap, the DEX of the Shiba Inu ecosystem, has upgraded to the Shibarium blockchain, bringing a whole new world of DeFi and DApp utilities. New dashboard, improved UX, discovery charts, and simplified onboarding process are just a few of the goodies in the bag. 🐶💼 Shytoshi Kusama, the lead SHIB developer, invites the community to try the new swap and assures that this is just the beginning, with more updates in the pipeline. 🛠️ Part of the transaction fees will be used to boost the value of liquidity pools in swap transactions, benefiting yield farmers. 🌾💰 The Shibarium mainnet, live since August 2023, supports various segments of the Shiba Inu Ecosystem, including $SHIB, $LEASH tokens, and the Shiba Eternity game. 🎮 The price of SHIB is up almost 7% in the last 24 hours, holding the 11th-largest market cap. 📈 Got thoughts on the upgrade? Drop them in the comments! #ShibaSwap #DeFi #Web3 #BlockchainTechnology
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🚀Binance's security team is playing superhero, developing an "antidote" against the rising threat of address poisoning scams. They've created an algorithm that's sniffed out millions of these scammy addresses.🕵️‍♂️ Address poisoning? It's like sending a letter to the wrong address, but with your crypto. Scammers send a tiny amount of crypto to a wallet that looks a lot like yours. You copy it, send your funds, and boom, they're gone.💸 But fear not, Binance's algorithm is on the case, detecting these spoofed addresses by spotting suspicious transfers. It's like a crypto guard dog, barking at anything that looks fishy.🐕 These addresses are logged in HashDit's database, Binance's security partner, beefing up the crypto industry's defenses against such scams. Trust Wallet, for example, uses this database to alert users about potential spoofed recipients. The need for this algorithm became clear when a trader lost a whopping $68 million to an address-poisoning scam. But plot twist, the scammer returned the money after his potential Hong Kong-based IP addresses were traced. Talk about a change of heart!💔 Address poisoning scams might seem avoidable, but most traders only check the first and last digits of the wallet's 42 characters. Scammers exploit this by creating similar-looking addresses. What's your take on this? Have you ever fallen for such a scam? Let's chat in the comments!👇 #DeFi #Web3 #Binance #CryptoSecurity
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