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BOSNIAN_HUNTER
@BOSNIAN_BOSS
Honest, direct, sarcastic. I can't stand selfish, insincere, lying people. As well as beings who put themselves first, and some call them people.
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It's not for me to judge someone. But whether you agree with me or not, investing in cryptocurrencies is extremely risky.
I noticed that there are a lot of people here from countries that are economically underdeveloped and the residents do not have the opportunity to make a decent living
I would advise such people to avoid the risks that this type of investment entails. Believe me when I say that 99 percent of people here are like you and me. Even though they pretend to drive expensive cars, have mansions around the world, millions in their bank accounts. The truth is exactly the opposite. As you know, the Internet is a place where you can be whatever and whoever you want. But that doesn't mean it's the same in the real world. I'm writing this because I see a lot of people pretending to be something they are not. . It's up to you to decide what is good for you and can you afford the loss this brings. Be realistic because we live in a world of capitalism. And in that world only money matters.
I'm not a financial advisor, I don't expect people to do what I tell them. The truth is that fortunately I can afford to lose my funds completely. But, unfortunately, some cannot. And never forget that human life has no price. There is not so much money in the world that would replace life. Money comes and goes.Take care..
I noticed that there are a lot of people here from countries that are economically underdeveloped and the residents do not have the opportunity to make a decent living
I would advise such people to avoid the risks that this type of investment entails. Believe me when I say that 99 percent of people here are like you and me. Even though they pretend to drive expensive cars, have mansions around the world, millions in their bank accounts. The truth is exactly the opposite. As you know, the Internet is a place where you can be whatever and whoever you want. But that doesn't mean it's the same in the real world. I'm writing this because I see a lot of people pretending to be something they are not. . It's up to you to decide what is good for you and can you afford the loss this brings. Be realistic because we live in a world of capitalism. And in that world only money matters.
I'm not a financial advisor, I don't expect people to do what I tell them. The truth is that fortunately I can afford to lose my funds completely. But, unfortunately, some cannot. And never forget that human life has no price. There is not so much money in the world that would replace life. Money comes and goes.Take care..
As I assumed, the market jumped sharply only because of the American elections. And soon, fear begins to prevail because of a failing economy that even America cannot prevent. And there are the legendary TG airdrops, which postpone everything because people no longer trust all their scams. And with the increasing loss of users, on the other hand, they force PAYMENT FOR PARTICIPATION, which will further alienate users from participating. I now I can list for hours their "promising projects" that have never and will not see the light of day...we will see for ourselves.
But that there is a great fear of future investments is an undeniable fact...$TON $HMSTR
But that there is a great fear of future investments is an undeniable fact...$TON $HMSTR
WHAT IS HAPPENING WITH BINANCE?
I don't know if you noticed that Binance included Scroll in the list of new tokens. But there is obviously something wrong there. First they released Scroll, and now they are "releasing" the same thing again for the second time. Hmm
I can't help but wonder what the problem is. Are they doing it consciously or have they also started to disappear? Two or three days after the release of Scroll, every other post was about him, some kind of analysis, predictions... And after that he simply disappeared from the new listing. Is it a strategic move or one of their mistakes?!? And where does it all lead in the long run? This year we noticed that new projects are coming to the market as if they were being printed. What is happening with the cryptocurrency and do they have any future in the long run? We can also compare that by printing dollars, euros and other fiat currencies. And we know very well what this means in economic terms. Are cryptocurrencies doomed to the same fate???
Now we have over 10 thousand of them. If the market starts to "suffocate" from the excessive release of new ones, on a daily basis... What will happen to the existing ones?!?
Obviously, this is an existing problem that will very quickly destroy the values of other alt coins as well as Bitcoin. We will see, time will tell.
$SCR $BNSOL
I don't know if you noticed that Binance included Scroll in the list of new tokens. But there is obviously something wrong there. First they released Scroll, and now they are "releasing" the same thing again for the second time. Hmm
I can't help but wonder what the problem is. Are they doing it consciously or have they also started to disappear? Two or three days after the release of Scroll, every other post was about him, some kind of analysis, predictions... And after that he simply disappeared from the new listing. Is it a strategic move or one of their mistakes?!? And where does it all lead in the long run? This year we noticed that new projects are coming to the market as if they were being printed. What is happening with the cryptocurrency and do they have any future in the long run? We can also compare that by printing dollars, euros and other fiat currencies. And we know very well what this means in economic terms. Are cryptocurrencies doomed to the same fate???
Now we have over 10 thousand of them. If the market starts to "suffocate" from the excessive release of new ones, on a daily basis... What will happen to the existing ones?!?
Obviously, this is an existing problem that will very quickly destroy the values of other alt coins as well as Bitcoin. We will see, time will tell.
$SCR $BNSOL
These two pictures show the amount of X tokens received. I received 100k
The person, look at the screenshot, who received less paid 7 TON expecting to earn something with this airdrop. Basically, from Pixelverse, Cats, Hamsters, etc, I hope people will finally realize that it has become really pointless to participate in their scams. Maybe I'm wrong...
Blum is still waiting for us, so we can finally close that chapter of frauds and false promises.$HMSTR $TON
#tgairdrops
#TheOpenNetwork
I see people sharing completely useless "official" articles day and night. And I wonder why none of it was available and transparent before the end?
Otherwise, I do my own research. However, nothing official and concrete has been announced about X Empire for weeks. For this reason, I immediately reject all those "official" explanations, which according to all criteria had to be available on a daily basis..
The person, look at the screenshot, who received less paid 7 TON expecting to earn something with this airdrop. Basically, from Pixelverse, Cats, Hamsters, etc, I hope people will finally realize that it has become really pointless to participate in their scams. Maybe I'm wrong...
Blum is still waiting for us, so we can finally close that chapter of frauds and false promises.$HMSTR $TON
#tgairdrops
#TheOpenNetwork
I see people sharing completely useless "official" articles day and night. And I wonder why none of it was available and transparent before the end?
Otherwise, I do my own research. However, nothing official and concrete has been announced about X Empire for weeks. For this reason, I immediately reject all those "official" explanations, which according to all criteria had to be available on a daily basis..
I must admit that I am extremely interested in the development of events for the coming weeks. If we consider that Hamster Kombat lost 10 million users within a week, the following two projects could determine the future of TG mini apps, The Open Network and airdrops in general. If the Hamster scenario happens again, I fear it will be the beginning of the end...
And now we're waiting to see X Empire and Blum. In case they don't meet expectations, TELEGRAM airdrops will deservedly lose more than 50% of their users. Hmmm
What is your opinion on that???
Mine is pretty simple...Good bye TON,good bye Telegram airdrops!
Thank you for Cats,Hamsters,X Empire..
#XEmpire
#BLUM
#tonfuture $TON
And now we're waiting to see X Empire and Blum. In case they don't meet expectations, TELEGRAM airdrops will deservedly lose more than 50% of their users. Hmmm
What is your opinion on that???
Mine is pretty simple...Good bye TON,good bye Telegram airdrops!
Thank you for Cats,Hamsters,X Empire..
#XEmpire
#BLUM
#tonfuture $TON
https://youtu.be/iSF0KGsFuI8?si=cbIwjKh6espiqI_1
Money Electric: The Bitcoin Mystery
HBO made a documentary that everyone should watch.
And you will see why.
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But like everything else, every product has its buyer, as well as its expiration date. Because the initial idea was not to create a cult out of all this...once people, today "worshippers" of something so powerful that it is literally a matter of time when disintegrate and simply disappear...like everything else in human history.
But there will always remain people who do not look at this as a way of making money, but as something that has completely clouded their ability to think logically and independently.
#worshipthisgoldencoin
Money Electric: The Bitcoin Mystery
HBO made a documentary that everyone should watch.
And you will see why.
.
.
.
.
.
But like everything else, every product has its buyer, as well as its expiration date. Because the initial idea was not to create a cult out of all this...once people, today "worshippers" of something so powerful that it is literally a matter of time when disintegrate and simply disappear...like everything else in human history.
But there will always remain people who do not look at this as a way of making money, but as something that has completely clouded their ability to think logically and independently.
#worshipthisgoldencoin
$HMSTR is doing really greatOn my daily chart you can see it's a matter of time when will HMSTR become completely useless
Congratulations 🌚
TON and mini apps are booming
Well, here they are all analytical geniuses. And their predictions and drawings are at the level of children in kindergarten
Lmao
$HMSTR $TON
Congratulations 🌚
TON and mini apps are booming
Well, here they are all analytical geniuses. And their predictions and drawings are at the level of children in kindergarten
Lmao
$HMSTR $TON
Telegram and their "generous "airdrops
They still have people who pick up their mobile phones and type from early in the morning, expecting some kind of income while doing absolutely nothing else in their lives.
TONE
TELEGRAM
MINI APPS
-YOU WILL GET RICH OVERNIGHT🙂
They still have people who pick up their mobile phones and type from early in the morning, expecting some kind of income while doing absolutely nothing else in their lives.
TONE
TELEGRAM
MINI APPS
-YOU WILL GET RICH OVERNIGHT🙂
Telegram Airdrops Are Fooling You: Here's How
Most projects on Telegram involve "Tap to Earn," meaning you tap to earn points that are later converted into tokens on TGE (Token Generation Event). However, nearly all Telegram airdrops are fooling you nowadays.
In the past, projects used to conduct ICOs (Initial Coin Offerings) before TGE, where they sold tokens at low prices. Later, during TGE, you could sell these tokens for a profit. But now, Telegram airdrops don't conduct ICOs, yet they are raising more funds than traditional ICOs by fooling you.
In ICOs, when you bought tokens, you immediately knew the number of tokens you would receive. For example, if an ICO is selling tokens for $0.001, and you buy $10 worth, you instantly know you will get 10,000 tokens, which will be delivered at TGE. Even major ICO projects rarely raised more than $10 million in funds.
But Telegram airdrops work similarly to ICOs, where they take your money but give you much lower profits. How?
Currently, all Telegram airdrops ask you to make daily transactions, spend on premium features, or collect stars to meet their eligibility criteria. For example, you might spend $10 on premium features and do 1-2 transactions. In return, you don’t even know how many tokens you will receive. In an ICO, you would know upfront that you are getting 10K tokens.
Now, let's say a Telegram project has 10-15 million users, and if only 5 million users make $10 worth of transactions, that’s a total of $50 million raised.
ICO vs. Telegram Airdrops
In an ICO, you know that you will get 10K tokens for $10, and if the token price reaches $0.01 at TGE, you will receive $100. However, in Telegram airdrops, since tokens are revealed later, they might only give you 3K to 4K tokens, resulting in a mere $15 to $20 profit.
Why don’t Telegram airdrops conduct ICOs instead of pushing transactions and premium features? Because if they did, they wouldn’t make as much profit, and their community wouldn’t grow as fast. Without a large community, how would they earn?
If they conducted an ICO, they would struggle to gather even 10K users.
How Telegram Airdrops Manipulate Your Mind
Imagine you have worked on a "Tap to Earn" project for 4-5 months, and at the end, you are asked to make transactions to stay eligible. You think, “What if I don’t make the transaction and miss out on eligibility?” or “What if I get very few tokens?” This uncertainty forces you to make the transaction, so you don’t lose the fruits of your 4-5 months of effort. But in ICOs, you don’t spend 4-5 months of effort; you just buy tokens if you have money, or you don’t, and that’s it. Tap to Earn airdrops, however, make you pay
ICOs don’t have this problem because your time isn’t at risk. You have the choice to buy or not.
Tap-to-earn airdrops force you, after working for months, to pay $10 to $20 to get $30 to $50 in return. Why not just do an ICO and get the same profit in 5 minutes? Think about it.
My Request to TON Blockchain
TON should take note that tap-to-earn projects are exploiting people through their eligibility requirements. TON should force these projects to conduct ICOs so that everyone knows exactly how many tokens they’ll receive.
Conclusion
Tap-to-earn Telegram airdrops are just fooling you. They are essentially doing the same work as ICOs, but they waste 4 to 5 months of your time and give much lower profits compared to ICOs.
If you found this article helpful, please like and share.
In the past, projects used to conduct ICOs (Initial Coin Offerings) before TGE, where they sold tokens at low prices. Later, during TGE, you could sell these tokens for a profit. But now, Telegram airdrops don't conduct ICOs, yet they are raising more funds than traditional ICOs by fooling you.
In ICOs, when you bought tokens, you immediately knew the number of tokens you would receive. For example, if an ICO is selling tokens for $0.001, and you buy $10 worth, you instantly know you will get 10,000 tokens, which will be delivered at TGE. Even major ICO projects rarely raised more than $10 million in funds.
But Telegram airdrops work similarly to ICOs, where they take your money but give you much lower profits. How?
Currently, all Telegram airdrops ask you to make daily transactions, spend on premium features, or collect stars to meet their eligibility criteria. For example, you might spend $10 on premium features and do 1-2 transactions. In return, you don’t even know how many tokens you will receive. In an ICO, you would know upfront that you are getting 10K tokens.
Now, let's say a Telegram project has 10-15 million users, and if only 5 million users make $10 worth of transactions, that’s a total of $50 million raised.
ICO vs. Telegram Airdrops
In an ICO, you know that you will get 10K tokens for $10, and if the token price reaches $0.01 at TGE, you will receive $100. However, in Telegram airdrops, since tokens are revealed later, they might only give you 3K to 4K tokens, resulting in a mere $15 to $20 profit.
Why don’t Telegram airdrops conduct ICOs instead of pushing transactions and premium features? Because if they did, they wouldn’t make as much profit, and their community wouldn’t grow as fast. Without a large community, how would they earn?
If they conducted an ICO, they would struggle to gather even 10K users.
How Telegram Airdrops Manipulate Your Mind
Imagine you have worked on a "Tap to Earn" project for 4-5 months, and at the end, you are asked to make transactions to stay eligible. You think, “What if I don’t make the transaction and miss out on eligibility?” or “What if I get very few tokens?” This uncertainty forces you to make the transaction, so you don’t lose the fruits of your 4-5 months of effort. But in ICOs, you don’t spend 4-5 months of effort; you just buy tokens if you have money, or you don’t, and that’s it. Tap to Earn airdrops, however, make you pay
ICOs don’t have this problem because your time isn’t at risk. You have the choice to buy or not.
Tap-to-earn airdrops force you, after working for months, to pay $10 to $20 to get $30 to $50 in return. Why not just do an ICO and get the same profit in 5 minutes? Think about it.
My Request to TON Blockchain
TON should take note that tap-to-earn projects are exploiting people through their eligibility requirements. TON should force these projects to conduct ICOs so that everyone knows exactly how many tokens they’ll receive.
Conclusion
Tap-to-earn Telegram airdrops are just fooling you. They are essentially doing the same work as ICOs, but they waste 4 to 5 months of your time and give much lower profits compared to ICOs.
If you found this article helpful, please like and share.
Most people on Binance should change their name to "I just got liquidated". Or who can I pay for "VIP" future trade signals and get rich overnight that way...
Why am I writing this? Because these same bums live off their "victims". Think logically. If they are already such experts, why do they need your money?!?
It would be logical for them to earn enough money for at least one real estate within a few months. Or at least a bike...Lol
#avoidtelegramgroups
#everyoneisceo
Why am I writing this? Because these same bums live off their "victims". Think logically. If they are already such experts, why do they need your money?!?
It would be logical for them to earn enough money for at least one real estate within a few months. Or at least a bike...Lol
#avoidtelegramgroups
#everyoneisceo
Such a loss of Telegram airdrop users has not yet been recorded. And of course there is also the problem of censorship, which is at the highest possible level so far. Regardless of portals and Binance bans on publishing verified content, you can investigate everything yourself. Simply look at the number of users of a particular airdrop two days in a row.
DYOR
Because what I write is my research and verification. And I can't tell anyone with certainty what will happen next. But if this trend continues, everything falls apart. At the moment, the most current ones are X Empire, Blum and Major... Their official information changes hour by hour. Airdrops themselves are being delayed more and more often. Why? We all know how the most anticipated Hamster went... I'm afraid that the same thing will continue to happen, and thus Telegram and TON will become irrelevant.
DYOR
..
...
....
Just like the entire world economy, so is the case with Bitcoin and altcoins. Recession is the next step, and how the crypto market will react to it is not difficult to predict...$BTC $BNB $ETH
DYOR
Because what I write is my research and verification. And I can't tell anyone with certainty what will happen next. But if this trend continues, everything falls apart. At the moment, the most current ones are X Empire, Blum and Major... Their official information changes hour by hour. Airdrops themselves are being delayed more and more often. Why? We all know how the most anticipated Hamster went... I'm afraid that the same thing will continue to happen, and thus Telegram and TON will become irrelevant.
DYOR
..
...
....
Just like the entire world economy, so is the case with Bitcoin and altcoins. Recession is the next step, and how the crypto market will react to it is not difficult to predict...$BTC $BNB $ETH
TELEGRAM OFFICIAL AIRDROP RELEATED UPDATE
Hamster Kombat and Telegram Game Craze Over? TON Activity Fizzles Out
Key Takeaways
TON’s daily active wallets have declined 65% since the Hamster Kombat (HMSTR) airdrop.
TON smart contract interactions are down 75% in the same period.
Telegram and TON must expand beyond gaming to retain users.
Following the gigantic Hamster Kombat (HMSTR) airdrop, the Open Network (TON) has seen a steep decline in user activity.
Judging by the numbers, TON was standing on the shoulders of its tap-to-earn giant
Key Takeaways
TON’s daily active wallets have declined 65% since the Hamster Kombat (HMSTR) airdrop.
TON smart contract interactions are down 75% in the same period.
Telegram and TON must expand beyond gaming to retain users.
Following the gigantic Hamster Kombat (HMSTR) airdrop, the Open Network (TON) has seen a steep decline in user activity.
Judging by the numbers, TON was standing on the shoulders of its tap-to-earn giant
Beware of Pakistani Scammers on Binance P2P
Here's a note on awareness of Pakistani scammers on Binance P2P:
Beware of Pakistani Scammers on Binance P2P
#P2PScamAwareness
Binance P2P users, be cautious!
There's been a significant rise in scamming activities from Pakistani individuals on Binance P2P. These scammers target buyers and sellers, exploiting trust and exploiting vulnerabilities.
Common Scam Tactics:
1. Fake Payment Proofs: Sharing edited screenshots or fake transaction IDs.
2. Phishing Links: Sharing malicious links to steal login credentials.
3. False Price Agreements: Manipulating prices or payment terms.
4. Impersonation: Posing as Binance support or reputable traders.
5. Advance Fee Scams: Demanding payment for "verification" or "security".
Red Flags:
1. Unverified profiles or low reputation scores.
2. Poor English or suspicious communication.
3. Unrealistic prices or payment demands.
4. Requests for payment outside Binance P2P.
5. Urgency or pressure tactics.
Protect Yourself:
1. Verify trader profiles and reputation.
2. Use Binance's secure chat and payment system.
3. Be cautious with links and attachments.
4. Set clear payment terms and prices.
5. Report suspicious activities to Binance Support.
Report Scammers:
1. Binance Support: Submit a ticket with transaction ID and evidence.
2. Binance P2P Scam Report Form.
Stay Safe:
1. Educate yourself on Binance P2P best practices.
2. Join reputable trading communities.
3. Monitor your accounts and transactions.
Remember:
Binance P2P is a secure platform, but user vigilance is crucial. Stay informed, report suspicious activities, and trade safely!
Would you like me to add anything else to this note?
#Binance #breakingeveryrule
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.
.
.
Binance is the first to break and not adhere to its own rules. When the day comes and the regulatory agency starts checking all this, Binance will come to its end. For now, they are successfully fleeing from country to country....
Here's a note on awareness of Pakistani scammers on Binance P2P:
Beware of Pakistani Scammers on Binance P2P
#P2PScamAwareness
Binance P2P users, be cautious!
There's been a significant rise in scamming activities from Pakistani individuals on Binance P2P. These scammers target buyers and sellers, exploiting trust and exploiting vulnerabilities.
Common Scam Tactics:
1. Fake Payment Proofs: Sharing edited screenshots or fake transaction IDs.
2. Phishing Links: Sharing malicious links to steal login credentials.
3. False Price Agreements: Manipulating prices or payment terms.
4. Impersonation: Posing as Binance support or reputable traders.
5. Advance Fee Scams: Demanding payment for "verification" or "security".
Red Flags:
1. Unverified profiles or low reputation scores.
2. Poor English or suspicious communication.
3. Unrealistic prices or payment demands.
4. Requests for payment outside Binance P2P.
5. Urgency or pressure tactics.
Protect Yourself:
1. Verify trader profiles and reputation.
2. Use Binance's secure chat and payment system.
3. Be cautious with links and attachments.
4. Set clear payment terms and prices.
5. Report suspicious activities to Binance Support.
Report Scammers:
1. Binance Support: Submit a ticket with transaction ID and evidence.
2. Binance P2P Scam Report Form.
Stay Safe:
1. Educate yourself on Binance P2P best practices.
2. Join reputable trading communities.
3. Monitor your accounts and transactions.
Remember:
Binance P2P is a secure platform, but user vigilance is crucial. Stay informed, report suspicious activities, and trade safely!
Would you like me to add anything else to this note?
#Binance #breakingeveryrule
.
.
.
.
Binance is the first to break and not adhere to its own rules. When the day comes and the regulatory agency starts checking all this, Binance will come to its end. For now, they are successfully fleeing from country to country....
This picture will serve me as an example for most people in the time in which we live. The problem lies in the very core of social networks as well as norms. All of this contributed to the majority of people identifying themselves as someone else. A simple psychological phenomenon brought to us by social networks. As far as I can see, there is a lot of that on Binance as well. Unhappy, dissatisfied, insecure people desperately want to be accepted. But not as what they really are, but as what they aspire to and admire. Reality is one thing, and virtual something completely different. Be who you are, be yourself.
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.
🚨🚨🚨Scam alert 🚨🚨🚨
One of the future trading "experts" contacted me an hour ago. He is asking for half of the profit. This is the signal he sent me to invest $500.
...
...
Buy long
Now
$500
30xcross
..
...
📢📢📢Beware, avoid them and report them. Even though Binance knows about them, they still do nothing.📢📢📢
One of the future trading "experts" contacted me an hour ago. He is asking for half of the profit. This is the signal he sent me to invest $500.
...
...
Buy long
Now
$500
30xcross
..
...
📢📢📢Beware, avoid them and report them. Even though Binance knows about them, they still do nothing.📢📢📢
One thing is not at all clear to me when it comes to Binance accounts. I take myself as an example. When signing up for this crypto exchange, I had to meet all the necessary conditions. When communicating with some of these people, it is really not clear to me how it is possible that they also got access. Unlike the majority, I have a stable job, income, savings, real estate and movable property. Other people have no job, absolutely no perspective, and no money.
Hmm... Quite an interesting "phenomenon" when we know that most people are from poor countries, with non-existent economy and future.
#Pakistan #India
Stop with the censorship!
Hmm... Quite an interesting "phenomenon" when we know that most people are from poor countries, with non-existent economy and future.
#Pakistan #India
Stop with the censorship!
US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal
On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.
Allegations Of Price And Trading Volume Manipulations
According to a court filing by the US District Court of the District of Boston Massachusetts, one of the companies charged is crypto trading firm ZM Quant, which is registered in the British Virgin Islands.
Prosecutors allege that from approximately 2022 to 2024, ZM Quant conspired to manipulate the trading volume and prices of various undisclosed cryptocurrencies.
The scheme allegedly allowed the company to profit by receiving payments from crypto companies and selling the manipulated cryptocurrencies at what prosecutors said were “inflated prices”.
The court filings detail the objectives of the conspiracy, suggesting that the primary intent was to engage in market manipulation and wire fraud. Prosecutors allege that the conspirators aimed to enrich themselves at the expense of market integrity and investor trust.
Crypto Fraud Charges
In addition to ZM Quant, the indictment includes other firms—Gotbit, CLS Global, and MyTrade—along with their executives and employees.
This coordinated enforcement action also involved international arrests. Notably, five individuals connected to the case have already entered guilty pleas or agreed to plead guilty, indicating a potential willingness to cooperate with authorities.
The charges of these companies also revolve around serious allegations of deceptive trading practices, often referred to as “sham trading,” which is designed to create a false impression of market activity, misleading investors and artificially manipulating prices.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’
On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.
Allegations Of Price And Trading Volume Manipulations
According to a court filing by the US District Court of the District of Boston Massachusetts, one of the companies charged is crypto trading firm ZM Quant, which is registered in the British Virgin Islands.
Prosecutors allege that from approximately 2022 to 2024, ZM Quant conspired to manipulate the trading volume and prices of various undisclosed cryptocurrencies.
The scheme allegedly allowed the company to profit by receiving payments from crypto companies and selling the manipulated cryptocurrencies at what prosecutors said were “inflated prices”.
The court filings detail the objectives of the conspiracy, suggesting that the primary intent was to engage in market manipulation and wire fraud. Prosecutors allege that the conspirators aimed to enrich themselves at the expense of market integrity and investor trust.
Crypto Fraud Charges
In addition to ZM Quant, the indictment includes other firms—Gotbit, CLS Global, and MyTrade—along with their executives and employees.
This coordinated enforcement action also involved international arrests. Notably, five individuals connected to the case have already entered guilty pleas or agreed to plead guilty, indicating a potential willingness to cooperate with authorities.
The charges of these companies also revolve around serious allegations of deceptive trading practices, often referred to as “sham trading,” which is designed to create a false impression of market activity, misleading investors and artificially manipulating prices.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’
I need a recommendation for an app or site to find a location using a phone number.
Sad and pathetic at the same time...What's wrong with people,m
Finally!
People have started realizing that Telegram airdrops are a complete waste of time. If you track the actual number of users, it decreases on a daily basis.
The only constant of TG airdrops is endless delays, which raises the question of their authenticity. And then people wonder why Durov and CZ are under constant investigation. Guess why?
#gulag
People have started realizing that Telegram airdrops are a complete waste of time. If you track the actual number of users, it decreases on a daily basis.
The only constant of TG airdrops is endless delays, which raises the question of their authenticity. And then people wonder why Durov and CZ are under constant investigation. Guess why?
#gulag