fraud
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No one thought that fraud in hamster combat will play in season 2 because it promised to give the biggest drop in history, but it is Hamster's turn to show its extent
#Hamstercombo #fraud
#Hamstercombo #fraud
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
Hamster kombat is now launching their airdrop and they SCAM with us by giving to a lot of users â cheating is bad card â#hamsterkombatscam #fraud #BoycottHamsterKombat
Hamster kombat is now launching their airdrop and they SCAM with us by giving to a lot of users â cheating is bad card â#hamsterkombatscam #fraud #BoycottHamsterKombat
#BoycottHamsterKombat #fraud #scam #hamsterkombatscam #banhamsterkombat #reporthamsterkombat @everyone report HK on YouTube as well as on telegram. I didn't even cheat and mined all keys organically still they gave me ni airdrop just because I had more than 500 keys which I spent my hours days and even months on...
Imagine if the #Blockchain system was implemented in elections, allowing everyone to see the voting process in a ledger. How many impacts could it have in preventing #fraud and corruption?
Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen
CBI filed an FIR against Ramavat Shaishav, who allegedly contacted a US citizen over the phone, impersonating an Amazon employee.
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the CBI filed an FIR against Ramavat Shaishav, who allegedly contacted the US citizen over the phone and introduced himself as "James Carlson" from the fraud department of Amazon, they said.
During searches, the CBI found 28 Bitcoin, 55 Ethereum, 25,572 Ripple and 77 USDT in Shaishav's e-wallet. These were transferred to the government's wallet at the time of the seizure, the officials said. He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform. "It was also alleged that the accused induced the victim to withdraw cash from his bank accounts and deposit the same in Bitcoin in the RockitCoin ATM Wallet, and also shared a QR code falsely informing him (the victim) that the same was opened by the US Treasury for him," the Central Bureau of Investigation's (CBI) spokesperson said.
$BTC $ETH $XRP #BinanceSquare #CryptoNews #fraud
CBI filed an FIR against Ramavat Shaishav, who allegedly contacted a US citizen over the phone, impersonating an Amazon employee.
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the CBI filed an FIR against Ramavat Shaishav, who allegedly contacted the US citizen over the phone and introduced himself as "James Carlson" from the fraud department of Amazon, they said.
During searches, the CBI found 28 Bitcoin, 55 Ethereum, 25,572 Ripple and 77 USDT in Shaishav's e-wallet. These were transferred to the government's wallet at the time of the seizure, the officials said. He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform. "It was also alleged that the accused induced the victim to withdraw cash from his bank accounts and deposit the same in Bitcoin in the RockitCoin ATM Wallet, and also shared a QR code falsely informing him (the victim) that the same was opened by the US Treasury for him," the Central Bureau of Investigation's (CBI) spokesperson said.
$BTC $ETH $XRP #BinanceSquare #CryptoNews #fraud
Estonian Authorities Approve Extradition of Hashflare Defendants
Ivan Turogin and Sergei Potapenko face 18 charges in the United States and long prison terms for allegedly making HashFlare a Ponzi scheme.
Co-founders of the defunct #Bitcoin cloud mining service HashFlare, Ivan Turogin and Sergei Potapenko, are facing renewed efforts for their extradition from Estonia to the United States. Initially stalled by an Estonian appeals court in November, the extradition process has been reinitiated after the Estonian government fulfilled the necessary conditions.
The duo is facing 18 charges in the U.S., including conspiracy, wire fraud, and conspiracy to commit money laundering, with potential prison sentences of up to 20 years each. HashFlare, formerly a prominent cloud miner, is accused of operating as a Ponzi scheme.
Arrested in Estonia in November 2022 following a joint U.S.-Estonian investigation, Turogin and Potapenko successfully challenged their extradition in November. The court ruled that the initial extradition decision didn't adequately consider U.S. detention conditions. They were ordered to receive financial compensation as a result.
However, the Estonian government has now presented evidence assuring that extradition will not disproportionately infringe on the individuals' fundamental rights. This was reported by the Estonian news outlet Postimees.
HashFlare, which amassed $575 million, collapsed in 2019 after facing operational issues since 2018. The U.S. Department of Justice alleges that Turogin and Potapenko misled customers about HashFlare's mining capabilities, lacking the claimed equipment and computing power. The scam reportedly affected "hundreds of thousands" of victims, with the FBI continuing to search for affected parties.
Additionally, the pair is accused of failing to develop a digital bank named Polybius, despite raising $25 million from investors for this purpose.
$BTC
#BTC #fraud #mining
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Co-founders of the defunct #Bitcoin cloud mining service HashFlare, Ivan Turogin and Sergei Potapenko, are facing renewed efforts for their extradition from Estonia to the United States. Initially stalled by an Estonian appeals court in November, the extradition process has been reinitiated after the Estonian government fulfilled the necessary conditions.
The duo is facing 18 charges in the U.S., including conspiracy, wire fraud, and conspiracy to commit money laundering, with potential prison sentences of up to 20 years each. HashFlare, formerly a prominent cloud miner, is accused of operating as a Ponzi scheme.
Arrested in Estonia in November 2022 following a joint U.S.-Estonian investigation, Turogin and Potapenko successfully challenged their extradition in November. The court ruled that the initial extradition decision didn't adequately consider U.S. detention conditions. They were ordered to receive financial compensation as a result.
However, the Estonian government has now presented evidence assuring that extradition will not disproportionately infringe on the individuals' fundamental rights. This was reported by the Estonian news outlet Postimees.
HashFlare, which amassed $575 million, collapsed in 2019 after facing operational issues since 2018. The U.S. Department of Justice alleges that Turogin and Potapenko misled customers about HashFlare's mining capabilities, lacking the claimed equipment and computing power. The scam reportedly affected "hundreds of thousands" of victims, with the FBI continuing to search for affected parties.
Additionally, the pair is accused of failing to develop a digital bank named Polybius, despite raising $25 million from investors for this purpose.
$BTC
#BTC #fraud #mining
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Malicious Actors Drained $39 Million from DeFi in January 2024
#DeFi security startup Quantstamp has recently released a report highlighting alarming security incidents in the growing world of decentralized finance (DeFi). Malicious actors are employing sophisticated methods to threaten and exploit DeFi protocols.
Nearly $39 Million Lost
Quantstamp revealed that malicious actors managed to drain approximately $38.9 million from DeFi through various attacks. These incidents involved the use of smart contracts, key compromises, and fraud.
Radiant Capital: The First Target
The first significant target was the Radiant Capital protocol, which facilitates cross-chain lending. Attackers caused a loss of 1,900 #ETH (approximately $4.5 million) by exploiting a time window and a known rounding issue in the Compound/Aave code. This incident raised concerns about the security of DeFi platforms and their users.
Gamma Protocol: Another Victim
A devastating attack followed on the Gamma Protocol, a liquidity control protocol, which suffered a loss of approximately $6.18 million. Exploiting vulnerabilities in the price movement threshold configuration allowed attackers to manipulate prices and generate a large number of LP tokens.
Wise Lending and Socket Protocol
Wise Lending, another prominent player, fell victim to a flash loan attack, resulting in a loss of at least $460,000. The Socket Protocol, an interoperability protocol, was also targeted, with attackers exploiting vulnerabilities in a new module to steal approximately $3.3 million from users.
Goledo Finance: A Loss of 7.9 Million CFX
Goledo Finance, a lending protocol within the Conflux ecosystem, was also subjected to an attack, resulting in a loss of 7.9 million CFX (approximately $1.7 million). This incident underscores the serious threat that malicious actors pose to DeFi platforms.
Persistent Threat to DeFi
In conclusion, this series of attacks, including recurring flash loan attacks, underscores the persistent threat that DeFi platforms must contend with. Thorough security measures need to be implemented, and vulnerabilities monitored to minimize losses and safeguard users in this dynamic ecosystem.
$ETH
#crypto #fraud
Â
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Nearly $39 Million Lost
Quantstamp revealed that malicious actors managed to drain approximately $38.9 million from DeFi through various attacks. These incidents involved the use of smart contracts, key compromises, and fraud.
Radiant Capital: The First Target
The first significant target was the Radiant Capital protocol, which facilitates cross-chain lending. Attackers caused a loss of 1,900 #ETH (approximately $4.5 million) by exploiting a time window and a known rounding issue in the Compound/Aave code. This incident raised concerns about the security of DeFi platforms and their users.
Gamma Protocol: Another Victim
A devastating attack followed on the Gamma Protocol, a liquidity control protocol, which suffered a loss of approximately $6.18 million. Exploiting vulnerabilities in the price movement threshold configuration allowed attackers to manipulate prices and generate a large number of LP tokens.
Wise Lending and Socket Protocol
Wise Lending, another prominent player, fell victim to a flash loan attack, resulting in a loss of at least $460,000. The Socket Protocol, an interoperability protocol, was also targeted, with attackers exploiting vulnerabilities in a new module to steal approximately $3.3 million from users.
Goledo Finance: A Loss of 7.9 Million CFX
Goledo Finance, a lending protocol within the Conflux ecosystem, was also subjected to an attack, resulting in a loss of 7.9 million CFX (approximately $1.7 million). This incident underscores the serious threat that malicious actors pose to DeFi platforms.
Persistent Threat to DeFi
In conclusion, this series of attacks, including recurring flash loan attacks, underscores the persistent threat that DeFi platforms must contend with. Thorough security measures need to be implemented, and vulnerabilities monitored to minimize losses and safeguard users in this dynamic ecosystem.
$ETH
#crypto #fraud
Â
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Kazakhstan Regulator Issues Subpoena to Atomic Wallet Operators
According to Folklog, a media specializing in cryptocurrencies, Kazakhstan's regulator has issued a subpoena to the operator of Atomic Wallet, a cryptocurrency wallet that was recently exposed to hacking attacks. In addition, the regulatory body requested access to the log-in record server of Atomic Wallet users. Previously, Atomic Wallet announced a wallet security issue on the 3rd, and announced that it was estimated that at least $35 million of cryptocurrency was stolen.Â
The attack was reportedly carried out by the North Korean hacker group Lazarus.
#attack #cryptocurrency #hackers #fraud #attack
According to Folklog, a media specializing in cryptocurrencies, Kazakhstan's regulator has issued a subpoena to the operator of Atomic Wallet, a cryptocurrency wallet that was recently exposed to hacking attacks. In addition, the regulatory body requested access to the log-in record server of Atomic Wallet users. Previously, Atomic Wallet announced a wallet security issue on the 3rd, and announced that it was estimated that at least $35 million of cryptocurrency was stolen.Â
The attack was reportedly carried out by the North Korean hacker group Lazarus.
#attack #cryptocurrency #hackers #fraud #attack
Investment Fraud Involving Cryptocurrencies Cost US Investors $2.57B In 2022
Internet #fraud cost US citizens more over $10 billion in 2022, with $2.57 billion of that loss coming from #cryptocurrency investment schemes.
In 2021, fraudulent cryptocurrency investment losses will amount $907 million. The victims are mostly between the ages of 30 and 49. Getting consumers to connect their wallets to fraudulent liquidity mining software in order to steal their money or take over their social media accounts is the most common technique of fraud.
While more people are being convinced to part with their hard-earned money in these fraudulent scams, this unpleasant trend is on the rise. In order to avoid falling victim to such scams, it is essential to do sufficient research before making an investment. To further safeguard the security of your money, it is essential to only work with reputable and reliable brokers and exchangers.
Scams using bitcoin are becoming more and more of a concern for everyone, not just Americans. #Scams can take many different shapes, such as fake ICOs, Ponzi plans, and phishing. A recent Federal Trade Commission (FTC) survey found that men between the ages of 20 and 49 were the most affected demographic.
It is crucial to remember that fraudsters find cryptocurrencies and #blockchain technology to be enticing targets due to their nature. Because transactions are decentralized and participants are anonymous, it is challenging to track down and recover stolen assets. This underlines how crucial it is to use cautious while working with bitcoin.
The crypto sector is still in its infancy and has a dismal track record for its companies. Yet, this is a promising area that is anticipated to grow quickly in the future. In order to make the rules more restrictive for both enterprises and investors, government agencies are working on legal concerns.
It's crucial to use caution and awareness when investing in cryptocurrency. Do your research, work with reputable brokers, and always verify the legitimacy of investment opportunities before you deposit your money. You can prevent falling for #bitcoin investment scams by taking these precautions.
In 2021, fraudulent cryptocurrency investment losses will amount $907 million. The victims are mostly between the ages of 30 and 49. Getting consumers to connect their wallets to fraudulent liquidity mining software in order to steal their money or take over their social media accounts is the most common technique of fraud.
While more people are being convinced to part with their hard-earned money in these fraudulent scams, this unpleasant trend is on the rise. In order to avoid falling victim to such scams, it is essential to do sufficient research before making an investment. To further safeguard the security of your money, it is essential to only work with reputable and reliable brokers and exchangers.
Scams using bitcoin are becoming more and more of a concern for everyone, not just Americans. #Scams can take many different shapes, such as fake ICOs, Ponzi plans, and phishing. A recent Federal Trade Commission (FTC) survey found that men between the ages of 20 and 49 were the most affected demographic.
It is crucial to remember that fraudsters find cryptocurrencies and #blockchain technology to be enticing targets due to their nature. Because transactions are decentralized and participants are anonymous, it is challenging to track down and recover stolen assets. This underlines how crucial it is to use cautious while working with bitcoin.
The crypto sector is still in its infancy and has a dismal track record for its companies. Yet, this is a promising area that is anticipated to grow quickly in the future. In order to make the rules more restrictive for both enterprises and investors, government agencies are working on legal concerns.
It's crucial to use caution and awareness when investing in cryptocurrency. Do your research, work with reputable brokers, and always verify the legitimacy of investment opportunities before you deposit your money. You can prevent falling for #bitcoin investment scams by taking these precautions.
Lure of big returns makes Himachal ex-serviceman lose Rs 1.5 crore in cryptocurrency scheme đ±đ±âŒïžâŒïž
An ex-serviceman from the Pacchad area of Rajgarh subdivision in Sirmaur district has lost Rs 1.5 crore in a cryptocurrency scheme in the lure of doubling money.
Vidya Prakash had invested Rs 1.5 crore in the cryptocurrency scheme on the advice of agent Hemraj, who had promised to double his money within two years. He, however, lost his principal amount, too. He lodged a complaint with the Pacchad police yesterday. âThe police forwarded the complaint to the special investigation team (SIT) probing into the cryptocurrency fraud,â said Som Dutt, Additional SP, Sirmaur.
The SIT had arrested Hemraj and 17 others across the state for cryptocurrency frauds. Besides, residents of Dadahu, Paonta Sahib, Nahan, Shillai and Sataun in the district have also lost Rs 60 lakh in the cryptocurrency scam after being lured by agents.
#fraud #scammer #scam #CryptoNews #cryptofarud
An ex-serviceman from the Pacchad area of Rajgarh subdivision in Sirmaur district has lost Rs 1.5 crore in a cryptocurrency scheme in the lure of doubling money.
Vidya Prakash had invested Rs 1.5 crore in the cryptocurrency scheme on the advice of agent Hemraj, who had promised to double his money within two years. He, however, lost his principal amount, too. He lodged a complaint with the Pacchad police yesterday. âThe police forwarded the complaint to the special investigation team (SIT) probing into the cryptocurrency fraud,â said Som Dutt, Additional SP, Sirmaur.
The SIT had arrested Hemraj and 17 others across the state for cryptocurrency frauds. Besides, residents of Dadahu, Paonta Sahib, Nahan, Shillai and Sataun in the district have also lost Rs 60 lakh in the cryptocurrency scam after being lured by agents.
#fraud #scammer #scam #CryptoNews #cryptofarud
Himachal cryptocurrency scam: Meerut engineer made website, was trained in Dubai đ±đ±
Police said that the engineer, who is now believed to be one of the masterminds of the scam, also made several trips to Dubai and was trained there.
The special investigation team (SIT) of Himachal Pradesh Police probing the multi-crore cryptocurrency scam has found that a Meerut-based engineer designed a software and created the website to lure individuals into investing in the scheme.
According to police, people from different walks of life invested more than âč2,500 crore in the elaborate ponzi scheme (iStock).
Police said that the engineer, who is now believed to be one of the masterminds of the scam, also made several trips to Dubai and was trained there.
The fraudulent website listed various investment opportunities, promising a chance to double the funds. People were drawn to the platform, unaware of the deceit that awaited them.
The SIT has already made 18 arrests in the case. On November 4, police arrested eight individuals, including four cops and a forest guard, in connection with the case.
The Himachal police is co-ordinating with central and financial agencies and other state police, the DGP said.
Action is being taken against them under the Banning of Unregulated Deposits Schemes (BUDS) Act, 2019, the police said.
However, the kingpin of the scam Subhash Sharma from Sarkaghat in Mandi is still at large. Over 300 complaints have been received in connection with the multi-crore cryptocurrency ponzi scam that began in the state in 2018.
Fraudsters approached people with an investment plan related to a locally made (in Mandi district) cryptocurrency known as âKorvio Coinâ or KRO coins. Three to four kinds of cryptocurrency were used and false websites in which the cryptocurrency prices were manipulated and inflated were created. Cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not dependent on any central authority, such as the government or bank to uphold or maintain it.
#fraud #scammer
Police said that the engineer, who is now believed to be one of the masterminds of the scam, also made several trips to Dubai and was trained there.
The special investigation team (SIT) of Himachal Pradesh Police probing the multi-crore cryptocurrency scam has found that a Meerut-based engineer designed a software and created the website to lure individuals into investing in the scheme.
According to police, people from different walks of life invested more than âč2,500 crore in the elaborate ponzi scheme (iStock).
Police said that the engineer, who is now believed to be one of the masterminds of the scam, also made several trips to Dubai and was trained there.
The fraudulent website listed various investment opportunities, promising a chance to double the funds. People were drawn to the platform, unaware of the deceit that awaited them.
The SIT has already made 18 arrests in the case. On November 4, police arrested eight individuals, including four cops and a forest guard, in connection with the case.
The Himachal police is co-ordinating with central and financial agencies and other state police, the DGP said.
Action is being taken against them under the Banning of Unregulated Deposits Schemes (BUDS) Act, 2019, the police said.
However, the kingpin of the scam Subhash Sharma from Sarkaghat in Mandi is still at large. Over 300 complaints have been received in connection with the multi-crore cryptocurrency ponzi scam that began in the state in 2018.
Fraudsters approached people with an investment plan related to a locally made (in Mandi district) cryptocurrency known as âKorvio Coinâ or KRO coins. Three to four kinds of cryptocurrency were used and false websites in which the cryptocurrency prices were manipulated and inflated were created. Cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not dependent on any central authority, such as the government or bank to uphold or maintain it.
#fraud #scammer
Like I always say .
Exchanges are the only reason for crypto market failing and falling
Exchanges Greed never stops and they have finally managed to screw the market ..
Well Done !! It is because no one stops them and no one files case and additionally they make you esign that they are not responsible for your loss when reality is they are the only ones responsible and the Elites they work with
Shame on all CEX owners and teams
And they talk against DEX from where they pick the coins .. lol
#cex #dex #traders #scam #fraud
Exchanges are the only reason for crypto market failing and falling
Exchanges Greed never stops and they have finally managed to screw the market ..
Well Done !! It is because no one stops them and no one files case and additionally they make you esign that they are not responsible for your loss when reality is they are the only ones responsible and the Elites they work with
Shame on all CEX owners and teams
And they talk against DEX from where they pick the coins .. lol
#cex #dex #traders #scam #fraud
BREAKING: Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
Irina Dilkinska co-founded an alleged Pyramid scheme called OneCoin.
#Launchpad #GPT-4 #fraud #breaking #BTC
Irina Dilkinska co-founded an alleged Pyramid scheme called OneCoin.
#Launchpad #GPT-4 #fraud #breaking #BTC
SBF, founder of FTX, requests a 6.5-year sentence and advises guards to invest in Solana
According to a recent article in The New York Times, Sam "SBF" Bankman-Fried, the founder of the cryptocurrency exchange FTX, is providing investment advice to prison guards and suggesting investments in the cryptocurrency Solana.
SBF's legal representatives seek a lighter sentence
The legal team of former FTX chief, Sam "SBF" Bankman-Fried, filed a motion in the Federal District Court in Manhattan requesting a sentence ranging from five and a quarter years to six and a half years. Following charges of multiple offenses including fraud and money laundering, which could have led SBF to face up to 110 years in prison, this request emerges as a response to last year's jury verdict.
Details of the charges and expected sentence
SBF faces charges of various financial crimes, including wire fraud, conspiracy to commit securities fraud, and money laundering. The sentence for SBF is scheduled to be handed down by Judge Lewis A. Kaplan on March 28, while federal prosecutors are expected to submit their sentencing recommendation by March 15. A preliminary investigation report suggested a sentence of 100 years.
Defense arguments for a reduced sentence
SBF's lawyers have labeled the proposed century-long sentence as "barbaric," pointing out that SBF is a first-time offender with no prior criminal record and that four co-defendants have confessed to the crimes. Furthermore, they argued that the damages to clients, creditors, and investors are zero, as the bankruptcy process of FTX is expected to enable full reimbursement to clients for their losses.
SBF's life in prison and his advice to prison guards
Since his imprisonment at the Metropolitan Detention Center in Brooklyn last summer, several stories about SBF have emerged from prison, including his offering of trading and investment advice to prison guards, recommending investment in the cryptocurrency Solana. This activity follows the collapse of FTX, one of the largest crypto exchanges, which was valued at $32 billion in January 2022 before collapsing in November of the same year due to mismanagement and fraud involving $8 billion of customer funds.
$SOL
#Solana #SBF #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Â
SBF's legal representatives seek a lighter sentence
The legal team of former FTX chief, Sam "SBF" Bankman-Fried, filed a motion in the Federal District Court in Manhattan requesting a sentence ranging from five and a quarter years to six and a half years. Following charges of multiple offenses including fraud and money laundering, which could have led SBF to face up to 110 years in prison, this request emerges as a response to last year's jury verdict.
Details of the charges and expected sentence
SBF faces charges of various financial crimes, including wire fraud, conspiracy to commit securities fraud, and money laundering. The sentence for SBF is scheduled to be handed down by Judge Lewis A. Kaplan on March 28, while federal prosecutors are expected to submit their sentencing recommendation by March 15. A preliminary investigation report suggested a sentence of 100 years.
Defense arguments for a reduced sentence
SBF's lawyers have labeled the proposed century-long sentence as "barbaric," pointing out that SBF is a first-time offender with no prior criminal record and that four co-defendants have confessed to the crimes. Furthermore, they argued that the damages to clients, creditors, and investors are zero, as the bankruptcy process of FTX is expected to enable full reimbursement to clients for their losses.
SBF's life in prison and his advice to prison guards
Since his imprisonment at the Metropolitan Detention Center in Brooklyn last summer, several stories about SBF have emerged from prison, including his offering of trading and investment advice to prison guards, recommending investment in the cryptocurrency Solana. This activity follows the collapse of FTX, one of the largest crypto exchanges, which was valued at $32 billion in January 2022 before collapsing in November of the same year due to mismanagement and fraud involving $8 billion of customer funds.
$SOL
#Solana #SBF #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
Â
Understanding of Launchpad, How launchpad works, Advantages & Riskâs
Launchpad is a platform that helps early-stage projects in the cryptocurrency space raise funds and gain exposure by offering initial coin offerings (ICOs) or initial exchange offerings (IEOs). The platform provides a way for investors to invest in promising projects while offering these projects access to a wide audience and resources to achieve their goals.
What is an Initial Coin Offering (ICO)?
An ICO is a type of crowdfunding mechanism that is used by startups to raise funds for new cryptocurrency projects. Investors can purchase a new cryptocurrency that is offered in exchange for Bitcoin or other established cryptocurrencies. ICOs became popular in 2017 as a way to raise funds for new projects, and many people invested in them in hopes of making a profit.
What is an Initial Exchange Offering (IEO)?
An IEO is similar to an ICO in that it is a fundraising mechanism for new cryptocurrency projects. However, instead of selling tokens directly to investors, the tokens are sold through a cryptocurrency exchange. This process provides a level of credibility for the project, as the exchange vets the project and its team before listing the tokens on its platform. IEOs have gained in popularity due to the added security and legitimacy they provide to projects.
How does Launchpad work?
Launchpad offers early-stage cryptocurrency projects access to its resources and community in exchange for hosting the project's #ICO or #IEO on its platform. The #Launchpad team works with the project to ensure that it meets all of the necessary requirements to be listed on the platform, and then offers the project's tokens to its community of investors.
Projects that are listed on Launchpad are typically new and have not yet been listed on any major cryptocurrency exchanges. The platform provides a way for these projects to gain exposure and funding while also offering investors the chance to get in on the ground floor of potentially profitable projects.
Advantages of Launchpad
Launchpad offers several advantages to both cryptocurrency projects and investors. For projects, Launchpad provides access to a wide audience of potential investors and resources to help them achieve their goals. The platform also offers a level of credibility and legitimacy to projects, as the Launchpad team vets each project before listing it on the platform.
For investors, Launchpad offers the chance to get in on the ground floor of potentially profitable #cryptocurrency projects. The platform provides a way to invest in early-stage projects that have not yet been listed on major exchanges, which can lead to significant gains if the project is successful.
Risks of Launchpad
Like any investment, there are risks associated with investing in projects listed on Launchpad. Projects listed on Launchpad are typically new and unproven, and there is no guarantee that they will be successful. Additionally, the cryptocurrency market is volatile, and the value of any investment can fluctuate rapidly.
Investors should also be aware of the potential for #fraud and scams in the cryptocurrency space. While Launchpad vets each project before listing it on the platform, there is still a risk that fraudulent projects could slip through the cracks.
Conclusion
Launchpad is a platform that helps early-stage cryptocurrency projects gain exposure and funding by offering ICOs or IEOs. The platform offers several advantages to both projects and investors, including access to a wide audience and the chance to invest in promising projects. However, investors should be aware of the risks associated with investing in early-stage projects and the potential for fraud in the cryptocurrency space.
What is an Initial Coin Offering (ICO)?
An ICO is a type of crowdfunding mechanism that is used by startups to raise funds for new cryptocurrency projects. Investors can purchase a new cryptocurrency that is offered in exchange for Bitcoin or other established cryptocurrencies. ICOs became popular in 2017 as a way to raise funds for new projects, and many people invested in them in hopes of making a profit.
What is an Initial Exchange Offering (IEO)?
An IEO is similar to an ICO in that it is a fundraising mechanism for new cryptocurrency projects. However, instead of selling tokens directly to investors, the tokens are sold through a cryptocurrency exchange. This process provides a level of credibility for the project, as the exchange vets the project and its team before listing the tokens on its platform. IEOs have gained in popularity due to the added security and legitimacy they provide to projects.
How does Launchpad work?
Launchpad offers early-stage cryptocurrency projects access to its resources and community in exchange for hosting the project's #ICO or #IEO on its platform. The #Launchpad team works with the project to ensure that it meets all of the necessary requirements to be listed on the platform, and then offers the project's tokens to its community of investors.
Projects that are listed on Launchpad are typically new and have not yet been listed on any major cryptocurrency exchanges. The platform provides a way for these projects to gain exposure and funding while also offering investors the chance to get in on the ground floor of potentially profitable projects.
Advantages of Launchpad
Launchpad offers several advantages to both cryptocurrency projects and investors. For projects, Launchpad provides access to a wide audience of potential investors and resources to help them achieve their goals. The platform also offers a level of credibility and legitimacy to projects, as the Launchpad team vets each project before listing it on the platform.
For investors, Launchpad offers the chance to get in on the ground floor of potentially profitable #cryptocurrency projects. The platform provides a way to invest in early-stage projects that have not yet been listed on major exchanges, which can lead to significant gains if the project is successful.
Risks of Launchpad
Like any investment, there are risks associated with investing in projects listed on Launchpad. Projects listed on Launchpad are typically new and unproven, and there is no guarantee that they will be successful. Additionally, the cryptocurrency market is volatile, and the value of any investment can fluctuate rapidly.
Investors should also be aware of the potential for #fraud and scams in the cryptocurrency space. While Launchpad vets each project before listing it on the platform, there is still a risk that fraudulent projects could slip through the cracks.
Conclusion
Launchpad is a platform that helps early-stage cryptocurrency projects gain exposure and funding by offering ICOs or IEOs. The platform offers several advantages to both projects and investors, including access to a wide audience and the chance to invest in promising projects. However, investors should be aware of the risks associated with investing in early-stage projects and the potential for fraud in the cryptocurrency space.
đšUK bank HSBC blocks crypto buys with credit cards! Crypto crackdown or bank panic? They should fix their own money laundering scandals before messing with our crypto freedom. Remember HSBCâs $1.9B fine for drug cash? #DeFi #cryptonews #fraud
$MAV
It is easy for Exchanges.to. scam with shit coins like MAV
Absolutely manipulative nowadays exchanges ..
Binance is the most manipulative platform... I trade on many exchanges, what happens on Binance trades is absolutely unreal and manipulative
Without a Doubt !!!
#binance #write2earn #fraud #cex
It is easy for Exchanges.to. scam with shit coins like MAV
Absolutely manipulative nowadays exchanges ..
Binance is the most manipulative platform... I trade on many exchanges, what happens on Binance trades is absolutely unreal and manipulative
Without a Doubt !!!
#binance #write2earn #fraud #cex
Cyber Fraud: Man Arrested For Duping Rs 73 Lakh In Gurgaon
GURGAON: A 28-year-old man, identified as Ajay Kumar and believed to be part of a fraudulent gang, was arrested in Gurgaon on charges of defrauding multiple individuals of Rs 73 lakh through an investment scam that leveraged the names of YouTube and the Moj app.The police seized a mobile device and two SIM cards from Kumar.
The modus operandi involved Kumar luring victims into the scam by sending them a link via WhatsApp. He enticed them with the promise of earning money by 'liking' content on YouTube/Moj app, the platform to which the link directed them. Subsequently, he convinced them to make an initial investment to participate in the scheme and, eventually, defrauded them of Rs 10.20 lakh in one case.
The Cyber Crime Police Station, East, registered a case related to the matter, and a police team, led by Inspector Jasvir, successfully arrested Kumar.
During the interrogation, Kumar disclosed that he had transferred Rs 6.80 lakh, which he had defrauded from the victim, into his bank account at the behest of one of his associates. In return, he received a commission of Rs 50,000 for his involvement, as explained by ACP (Crime) Varun Dahiya.
#scam #fraud #CryptoNews #BinanceSquare $BTC #cybercrime
GURGAON: A 28-year-old man, identified as Ajay Kumar and believed to be part of a fraudulent gang, was arrested in Gurgaon on charges of defrauding multiple individuals of Rs 73 lakh through an investment scam that leveraged the names of YouTube and the Moj app.The police seized a mobile device and two SIM cards from Kumar.
The modus operandi involved Kumar luring victims into the scam by sending them a link via WhatsApp. He enticed them with the promise of earning money by 'liking' content on YouTube/Moj app, the platform to which the link directed them. Subsequently, he convinced them to make an initial investment to participate in the scheme and, eventually, defrauded them of Rs 10.20 lakh in one case.
The Cyber Crime Police Station, East, registered a case related to the matter, and a police team, led by Inspector Jasvir, successfully arrested Kumar.
During the interrogation, Kumar disclosed that he had transferred Rs 6.80 lakh, which he had defrauded from the victim, into his bank account at the behest of one of his associates. In return, he received a commission of Rs 50,000 for his involvement, as explained by ACP (Crime) Varun Dahiya.
#scam #fraud #CryptoNews #BinanceSquare $BTC #cybercrime
FTX Hack Mystery Possibly Solved: Trio Accused of Cryptocurrency Exchange Theft
Federal indictment does not name FTX or Sam Bankman-Fried as the victimized company, but Bloomberg reports it was indeed them.
The United States federal government has on Wednesday issued charges against three individuals allegedly involved in a long-standing hacking scheme culminating in the infamous theft of $400 million from FTX, a #cryptocurrency exchange owned by Sam Bankman-Fried, which subsequently collapsed.
In an 18-page indictment filed in a federal court in Washington, prosecutors have accused Robert Powell, Carter Rohn, and Emily Hernandez of conspiring to commit wire fraud and identity theft in the operation of a SIM card swap ring targeting fifty victims from March 2021 to April 2023.
Their most significant heist took place on November 11, 2022, when the trio siphoned off $400 million from an unidentified company. Bloomberg, citing sources familiar with the matter, claims that the company in question was FTX.
Through AT&T networks, they gained access to the cryptocurrency exchange's employees and transferred cryptocurrencies worth hundreds of millions of dollars.
This indictment may finally provide an answer to one of the most significant questions surrounding the FTX scandal: Where did the hundreds of millions of dollars in cryptocurrencies disappear to during the darkest hour of the exchange, right after it filed for bankruptcy protection.
#crypto #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
The United States federal government has on Wednesday issued charges against three individuals allegedly involved in a long-standing hacking scheme culminating in the infamous theft of $400 million from FTX, a #cryptocurrency exchange owned by Sam Bankman-Fried, which subsequently collapsed.
In an 18-page indictment filed in a federal court in Washington, prosecutors have accused Robert Powell, Carter Rohn, and Emily Hernandez of conspiring to commit wire fraud and identity theft in the operation of a SIM card swap ring targeting fifty victims from March 2021 to April 2023.
Their most significant heist took place on November 11, 2022, when the trio siphoned off $400 million from an unidentified company. Bloomberg, citing sources familiar with the matter, claims that the company in question was FTX.
Through AT&T networks, they gained access to the cryptocurrency exchange's employees and transferred cryptocurrencies worth hundreds of millions of dollars.
This indictment may finally provide an answer to one of the most significant questions surrounding the FTX scandal: Where did the hundreds of millions of dollars in cryptocurrencies disappear to during the darkest hour of the exchange, right after it filed for bankruptcy protection.
#crypto #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
