FTXScamAlert
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Former FTX Exec Nishad Singh Escapes Jail, Forfeits $11 Billion for Cooperation in Bankman-Fried Cas
In a pivotal development, former FTX executive Nishad Singh has been sentenced to three years of supervised release with no jail time, following his significant cooperation in the investigation of FTX founder Sam Bankman-Fried. Singh, who once served as the engineering director at the now-collapsed crypto exchange, has been ordered to forfeit $11 billion as part of his sentence.
Judge Lewis Kaplan highlighted Singh’s “remarkable” cooperation, noting his swift actions to aid authorities. Singh’s input was instrumental in prosecuting Bankman-Fried, who received a 25-year prison sentence. Singh was a crucial witness, detailing inner workings of FTX’s alleged misuse of funds for political donations and other activities, which prosecutors say totaled over $100 million.
FTX’s current CEO, John Ray III, advocated for leniency, underscoring Singh’s continued assistance with the recovery of assets for FTX creditors. Singh’s ongoing efforts to help recover lost assets and return real estate properties were cited as factors in his non-custodial sentence.
Singh, who now resides in San Francisco, has resumed his career in artificial intelligence, indicating a shift away from the crypto industry. His case marks the latest in a series of judgments on FTX's former leaders as the fallout of the exchange’s collapse continues to reshape the industry.
Judge Lewis Kaplan highlighted Singh’s “remarkable” cooperation, noting his swift actions to aid authorities. Singh’s input was instrumental in prosecuting Bankman-Fried, who received a 25-year prison sentence. Singh was a crucial witness, detailing inner workings of FTX’s alleged misuse of funds for political donations and other activities, which prosecutors say totaled over $100 million.
FTX’s current CEO, John Ray III, advocated for leniency, underscoring Singh’s continued assistance with the recovery of assets for FTX creditors. Singh’s ongoing efforts to help recover lost assets and return real estate properties were cited as factors in his non-custodial sentence.
Singh, who now resides in San Francisco, has resumed his career in artificial intelligence, indicating a shift away from the crypto industry. His case marks the latest in a series of judgments on FTX's former leaders as the fallout of the exchange’s collapse continues to reshape the industry.
🚨BREAKING FTX UPDATE ON $BTC !
FTX is causing shockwaves!
They plan to refund Bitcoin to all users based on the November 22 price, sitting below $18,000.
Brace yourselves, as users may receive around 20%-30% of their initial investment.
Is it a refund or daylight robbery? The crypto world is buzzing!
#TradeNTell #BitcoinRefund #FTXScamAlert #CryptoNewsFlash
#sanor016CommUNITY
$BTC
FTX is causing shockwaves!
They plan to refund Bitcoin to all users based on the November 22 price, sitting below $18,000.
Brace yourselves, as users may receive around 20%-30% of their initial investment.
Is it a refund or daylight robbery? The crypto world is buzzing!
#TradeNTell #BitcoinRefund #FTXScamAlert #CryptoNewsFlash
#sanor016CommUNITY
$BTC
Warning The Downfall of FTX: The Fall of the Crypto Titan ($7.93 Billion Lost Money of Users)!
In a dramatic series of events spanning just a few months, the once-mighty cryptocurrency exchange FTX, a titan in the digital asset realm, experienced a catastrophic collapse that sent shockwaves through the financial industry.
FTX's downfall began in late 2023, triggered by revelations of significant financial mismanagement and fraudulent practices.
The crisis reached its peak when it was disclosed that FTX had improperly used customer funds to cover risky bets made by its affiliated trading firm, Alameda Research.
This misuse of funds led to a severe liquidity crisis, sparking panic among investors and customers who rushed to withdraw their assets.
Regulatory bodies swiftly intervened, launching investigations and freezing FTX's assets.
As the scale of the misconduct became apparent, FTX filed for bankruptcy, and its charismatic CEO, Sam Bankman-Fried, faced mounting legal troubles.
Bankman-Fried, once a celebrated figure in the crypto space, was charged with multiple counts of fraud, further tarnishing the company's reputation.
The collapse of FTX (Now called as FTT) had far-reaching consequences.
Thousands of investors, from retail traders to institutional clients, suffered significant losses.
The incident also prompted a broader re-evaluation of the cryptocurrency industry's regulatory framework, with calls for stricter oversight and transparency to prevent similar occurrences in the future.
FTX's fall serves as a stark reminder of the risks inherent in the largely unregulated crypto market.
It underscores the importance of due diligence, transparency, and robust regulatory oversight to protect investors and maintain the integrity of financial markets.
The story of FTX (Now called as FTT) is not just a tale of corporate failure but a pivotal moment for the future of cryptocurrency regulation.
What Next ?
Are you the one who got a loss due to this ?
#Megadrop #EarnFreeCrypto2024 $FTT #FTXScamAlert #jasmyustd #Write2Earn! #luna #LUNC✅
In a dramatic series of events spanning just a few months, the once-mighty cryptocurrency exchange FTX, a titan in the digital asset realm, experienced a catastrophic collapse that sent shockwaves through the financial industry.
FTX's downfall began in late 2023, triggered by revelations of significant financial mismanagement and fraudulent practices.
The crisis reached its peak when it was disclosed that FTX had improperly used customer funds to cover risky bets made by its affiliated trading firm, Alameda Research.
This misuse of funds led to a severe liquidity crisis, sparking panic among investors and customers who rushed to withdraw their assets.
Regulatory bodies swiftly intervened, launching investigations and freezing FTX's assets.
As the scale of the misconduct became apparent, FTX filed for bankruptcy, and its charismatic CEO, Sam Bankman-Fried, faced mounting legal troubles.
Bankman-Fried, once a celebrated figure in the crypto space, was charged with multiple counts of fraud, further tarnishing the company's reputation.
The collapse of FTX (Now called as FTT) had far-reaching consequences.
Thousands of investors, from retail traders to institutional clients, suffered significant losses.
The incident also prompted a broader re-evaluation of the cryptocurrency industry's regulatory framework, with calls for stricter oversight and transparency to prevent similar occurrences in the future.
FTX's fall serves as a stark reminder of the risks inherent in the largely unregulated crypto market.
It underscores the importance of due diligence, transparency, and robust regulatory oversight to protect investors and maintain the integrity of financial markets.
The story of FTX (Now called as FTT) is not just a tale of corporate failure but a pivotal moment for the future of cryptocurrency regulation.
What Next ?
Are you the one who got a loss due to this ?
#Megadrop #EarnFreeCrypto2024 $FTT #FTXScamAlert #jasmyustd #Write2Earn! #luna #LUNC✅
🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
The crypto world continues to witness evolving scams. Here are 11 of the most notorious to keep you vigilant:
1️⃣ FTX
- Collapsed in November 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- Collapsed in May 2022, causing a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Later revealed to be a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pd
- Vanished in 2018, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team disappeared after collecting the funds.
8️⃣ Celsius Network
- Paused withdrawals and filed for bankruptcy in 2022, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- Raised $25M in 2017 with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- Defrauded investors of $250M in 2017.
- Only $70M was spent on mining, impacting 18,000 investors.
1️⃣1️⃣ OneCoin
- Revealed as a Ponzi scheme in 2016, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," remains at large.
To avoid scams:
- Research thoroughly.
- Verify team credentials.
- Avoid unrealistic promises.
- Diversify investments.
- Never store all funds in one place.
Stay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert
The crypto world continues to witness evolving scams. Here are 11 of the most notorious to keep you vigilant:
1️⃣ FTX
- Collapsed in November 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- Collapsed in May 2022, causing a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Later revealed to be a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pd
- Vanished in 2018, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team disappeared after collecting the funds.
8️⃣ Celsius Network
- Paused withdrawals and filed for bankruptcy in 2022, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- Raised $25M in 2017 with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- Defrauded investors of $250M in 2017.
- Only $70M was spent on mining, impacting 18,000 investors.
1️⃣1️⃣ OneCoin
- Revealed as a Ponzi scheme in 2016, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," remains at large.
To avoid scams:
- Research thoroughly.
- Verify team credentials.
- Avoid unrealistic promises.
- Diversify investments.
- Never store all funds in one place.
Stay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert
What are the #SEC doing regarding this?
This is broad day light scam and it has has to be treated with caution and fairness.
Do your own research before you venture into any crypto world or investment.
Most importantly? HODL your crypto and invest wisely
#FTXScamAlert #Write2Earn #CloneshyCrypto #Cloneshy
This is broad day light scam and it has has to be treated with caution and fairness.
Do your own research before you venture into any crypto world or investment.
Most importantly? HODL your crypto and invest wisely
#FTXScamAlert #Write2Earn #CloneshyCrypto #Cloneshy
LIVEMarket Updates
--
Bearish
🚨 BREAKING $BTC 🚨
FTX WILL REFUND BITCOIN TO ALL
THE CUSTOMERS AT THE NOV 22
PRICE OF BELOW $18,000. PEOPLE
WILL BE GETTING APPROX 20%-30%
OF THEIR MONEY.
THIS IS NOT A REFUND THIS IS A
DAYLIGHT ROBBERY AND SCAM.
#FTX #Write2Earn #PYTH #link #TrendingTopic
FTX WILL REFUND BITCOIN TO ALL
THE CUSTOMERS AT THE NOV 22
PRICE OF BELOW $18,000. PEOPLE
WILL BE GETTING APPROX 20%-30%
OF THEIR MONEY.
THIS IS NOT A REFUND THIS IS A
DAYLIGHT ROBBERY AND SCAM.
#FTX #Write2Earn #PYTH #link #TrendingTopic
🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇
1️⃣ FTX
- Collapsed in November 2022 after misusing billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, Luna and UST's collapse caused a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Prodeum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team vanished after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one place
Stay cautious and invest wisely! 🔒
#ScamRiskWarning #FTXScamAlert
The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇
1️⃣ FTX
- Collapsed in November 2022 after misusing billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, Luna and UST's collapse caused a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Prodeum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team vanished after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one place
Stay cautious and invest wisely! 🔒
#ScamRiskWarning #FTXScamAlert
🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇
1️⃣ FTX
- Collapsed in November 2022 after misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, Luna and UST's collapse caused a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, execs withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pro-deum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team vanished after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one placeStay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert
The crypto world continues to see scammers finding new ways to deceive investors. Here are 11 of the biggest scams to keep you alert and aware 👇
1️⃣ FTX
- Collapsed in November 2022 after misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, Luna and UST's collapse caused a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, execs withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pro-deum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team vanished after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one placeStay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert
📰 Trending News in Crypto🔥
Ripple’s XRP On Brink Of Explosive Breakout To $5 Price As Insider Predicts Spot ETF and IPO Launch
1 hour ago
Coinbase Vouches for Grayscale’s Ethereum ETF Approval
2 hours ago
Shots fired: Arthur Hayes slams Cardano as ‘dogsh*t’ and ‘wannabe Ethereum’
2 hours ago
Cardano founder halts showcases amid misinterpretations
3 hours ago
'Cardano Is Dog S**t': BitMex Co-Founder Arthur Hayes Challenges ADA's DApp Utility
7 hours ago
💡Quote of the Day💡
"The fox has many tricks. The hedgehog has but one. But that is the best of all."
- Erasmus ✒
#Write2Earn #strk #scam #ftx #FTXScamAlert
Ripple’s XRP On Brink Of Explosive Breakout To $5 Price As Insider Predicts Spot ETF and IPO Launch
1 hour ago
Coinbase Vouches for Grayscale’s Ethereum ETF Approval
2 hours ago
Shots fired: Arthur Hayes slams Cardano as ‘dogsh*t’ and ‘wannabe Ethereum’
2 hours ago
Cardano founder halts showcases amid misinterpretations
3 hours ago
'Cardano Is Dog S**t': BitMex Co-Founder Arthur Hayes Challenges ADA's DApp Utility
7 hours ago
💡Quote of the Day💡
"The fox has many tricks. The hedgehog has but one. But that is the best of all."
- Erasmus ✒
#Write2Earn #strk #scam #ftx #FTXScamAlert
🚨 TOP 11 BIGGEST CRYPTO SCAMS IN HISTORY 🚨
Scammers in the crypto world are constantly finding new ways to deceive investors. Here are 11 of the biggest scams to keep you vigilant 👇
1️⃣ FTX
- Collapsed in November 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, the collapse of Luna and UST resulted in a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pro-deum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team disappeared after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one place
Stay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert #BinanceTurns7 #BinanceTournament
Scammers in the crypto world are constantly finding new ways to deceive investors. Here are 11 of the biggest scams to keep you vigilant 👇
1️⃣ FTX
- Collapsed in November 2022 due to misuse of billions in customer funds.
- Founder Sam Bankman-Fried sentenced to 25 years for fraud.
2️⃣ Luna and TerraUSD
- In May 2022, the collapse of Luna and UST resulted in a $60B loss.
- Founder Do Kwon arrested in March 2023.
3️⃣ QuadrigaCX
- Founder Gerald Cotten's death in 2018 left $215M inaccessible.
- Investigations revealed it was a Ponzi scheme.
4️⃣ Africrypt
- In 2021, founders Ameer and Raees Cajee scammed investors out of 70,000 BTC.
- Investigated for money laundering in Switzerland.
5️⃣ SafeMoon
- In 2021, executives withdrew over $200M for personal use.
- SEC charged them with fraud.
6️⃣ Pro-deum
- In 2018, the project vanished, marking it as an exit scam.
- Investors lost all funds.
7️⃣ Pincoin and iFan
- In 2018, Modern Tech's ICOs raised $660M in a Ponzi scheme.
- The team disappeared after collecting the funds.
8️⃣ Celsius Network
- In 2022, paused withdrawals and filed for bankruptcy, owing $4.7B.
- Plans to return assets to customers.
9️⃣ Centra Tech
- In 2017, raised $25M with fraudulent promises.
- Founders received prison sentences.
🔟 Mining Max
- In 2017, defrauded investors of $250M.
- Only $70M spent on mining, affecting 18,000 investors.
1️⃣1️⃣ OneCoin
- In 2016, OneCoin was revealed as a Ponzi scheme, defrauding investors of $4B.
- Founder Ruja Ignatova, the "Cryptoqueen," disappeared and remains at large.
To avoid scams:
- Research thoroughly
- Verify team credentials
- Avoid unrealistic promises
- Diversify investments
- Never store all funds in one place
Stay cautious and invest wisely! 🔒
#scamriskwarning #FTXScamAlert #BinanceTurns7 #BinanceTournament
🚨 Breaking News 📰
BitFlyer Completes Acquisition of FTX Japan, Paving the Way for Crypto ETF Services 📈
BitFlyer, a leading cryptocurrency exchange, has successfully closed its deal to acquire FTX Japan, a significant milestone in its expansion plans. This strategic move sets the stage for the introduction of crypto ETF services, offering investors new opportunities for diversification and growth. 🚀
📊 Key Highlights:
• BitFlyer acquires FTX Japan, expanding its presence in the Asian market.
• Crypto ETF services to be launched, providing investors with new investment options.
• Move expected to drive growth and innovation in the cryptocurrency space.
🔔 Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! 🔗
Need Your Support:
✅ Like 👍 | Comment 💬 | Repost 🔁 |
Follow me for more updates! 👉
@Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#FTXScamAlert #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #Write2Earn! #BinanceTurns7
BitFlyer Completes Acquisition of FTX Japan, Paving the Way for Crypto ETF Services 📈
BitFlyer, a leading cryptocurrency exchange, has successfully closed its deal to acquire FTX Japan, a significant milestone in its expansion plans. This strategic move sets the stage for the introduction of crypto ETF services, offering investors new opportunities for diversification and growth. 🚀
📊 Key Highlights:
• BitFlyer acquires FTX Japan, expanding its presence in the Asian market.
• Crypto ETF services to be launched, providing investors with new investment options.
• Move expected to drive growth and innovation in the cryptocurrency space.
🔔 Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! 🔗
Need Your Support:
✅ Like 👍 | Comment 💬 | Repost 🔁 |
Follow me for more updates! 👉
@Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#FTXScamAlert #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #Write2Earn! #BinanceTurns7
#FTXScamAlert #FTX.Trading.Ltd Sam Bankman-Fried, the founder of FTX, has been charged with paying $40 million in bribes to Chinese officials. The bribes were meant to unfreeze $1 billion in cryptocurrency assets linked to his trading company, Alameda Research. This brings the total number of charges against him to 13. The bribes were allegedly paid in 2021 after legal efforts to recover the funds failed. Bankman-Fried was arrested in the Bahamas in December and later brought to the U.S. He is currently out on a $250 million bond and is staying with his parents in California. He has pleaded not guilty to previous charges, including defrauding investors. His court appearance for this new charge is set for Thursday.
🚨 Ex-FTX founder Urgent Alert 🤔
🚫 No Jail Time for Salame? Ex-FTX Exec Claims He's Not Ready 🚫
Ryan Salame, a former executive at FTX, has expressed his unwillingness to go to jail despite facing legal troubles. Salame's reasons for resisting jail time are not yet clear, but this development has sparked interest in the crypto community.
Key Highlights:
- Ryan Salame, ex-FTX exec, resists jail time
- Claims he's not ready to face legal consequences
- Reasons for resistance not yet disclosed
- Crypto community watches as Salame's case unfolds
- Former FTX exec's future hangs in the balance.
#RyanSalame #FTXScamAlert #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #ETH_ETFs_Trading_Today $FTT
🚫 No Jail Time for Salame? Ex-FTX Exec Claims He's Not Ready 🚫
Ryan Salame, a former executive at FTX, has expressed his unwillingness to go to jail despite facing legal troubles. Salame's reasons for resisting jail time are not yet clear, but this development has sparked interest in the crypto community.
Key Highlights:
- Ryan Salame, ex-FTX exec, resists jail time
- Claims he's not ready to face legal consequences
- Reasons for resistance not yet disclosed
- Crypto community watches as Salame's case unfolds
- Former FTX exec's future hangs in the balance.
#RyanSalame #FTXScamAlert #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #ETH_ETFs_Trading_Today $FTT
Ex-FTX Executive's Partner Charged with Campaign Finance Violations !!
Michelle Bond, partner of former FTX co-CEO Ryan Salame, has been charged with campaign finance violations, including illegally funding her 2022 congressional run with $400,000 from a crypto firm and making false statements to cover it up.
#FTXScamAlert #FTX's #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole
Michelle Bond, partner of former FTX co-CEO Ryan Salame, has been charged with campaign finance violations, including illegally funding her 2022 congressional run with $400,000 from a crypto firm and making false statements to cover it up.
#FTXScamAlert #FTX's #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole
Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal !!
Former FTX executive Ryan Salame has reportedly withdrawn his legal request before a New York court. For context, the legal request had asked his previous plea be thrown out and his sentence vacated on the grounds that prosecutors had obtained his guilty plea improperly.
Salame’s legal team told the court his longtime partner, Michelle Bond also facing criminal charges “may raise the matter” of his guilty plea in her case.
However, Judge Lewis Kaplan ruled that he would still hold a hearing on the original petition regardless of Salame's motion to withdraw it.
#Ftx❓ #FTXScamAlert #TON #DOGSONBINANCE #TelegramCEO
Former FTX executive Ryan Salame has reportedly withdrawn his legal request before a New York court. For context, the legal request had asked his previous plea be thrown out and his sentence vacated on the grounds that prosecutors had obtained his guilty plea improperly.
Salame’s legal team told the court his longtime partner, Michelle Bond also facing criminal charges “may raise the matter” of his guilty plea in her case.
However, Judge Lewis Kaplan ruled that he would still hold a hearing on the original petition regardless of Salame's motion to withdraw it.
#Ftx❓ #FTXScamAlert #TON #DOGSONBINANCE #TelegramCEO
🚨Breaking news🚨
Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end.
A U.S. judge has approved a $12.7 billion settlement between FTX, Alameda Research and the CFTC.
FTX and Alameda are required to pay $8.7 billion in restitution to those who suffered losses and an additional $4 billion in disgorgement.
#FTXrepayment #SECCryptoRegulation #FTXScamAlert #FTXvsSEC
$BTC
$SOL
$ETH
Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end.
A U.S. judge has approved a $12.7 billion settlement between FTX, Alameda Research and the CFTC.
FTX and Alameda are required to pay $8.7 billion in restitution to those who suffered losses and an additional $4 billion in disgorgement.
#FTXrepayment #SECCryptoRegulation #FTXScamAlert #FTXvsSEC
$BTC
$SOL
$ETH
Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash !!
The U.S. Department of Justice has reportedly charged Michelle Bond, a former congressional candidate and the partner of former FTX executive Ryan Salame, with violating campaign finance laws.
The Justice Department accused Bond of several counts of illegal handling and acceptance of campaign donations. She was also said to have filed ethics documents on behalf of the campaign that made bogus claims about the source of her money.
Notably, the charges come less than a day after her partner Ryan Salame asked a U.S. judge to void his guilty plea in the criminal case after prosecutors allegedly reneged on their agreement not to investigate his fiancée for campaign finance violations.
#Ftx❓ #FTXScamAlert #Binacne #Write2Earn! #CryptoMarketMoves
The U.S. Department of Justice has reportedly charged Michelle Bond, a former congressional candidate and the partner of former FTX executive Ryan Salame, with violating campaign finance laws.
The Justice Department accused Bond of several counts of illegal handling and acceptance of campaign donations. She was also said to have filed ethics documents on behalf of the campaign that made bogus claims about the source of her money.
Notably, the charges come less than a day after her partner Ryan Salame asked a U.S. judge to void his guilty plea in the criminal case after prosecutors allegedly reneged on their agreement not to investigate his fiancée for campaign finance violations.
#Ftx❓ #FTXScamAlert #Binacne #Write2Earn! #CryptoMarketMoves
FTX, a cryptocurrency exchange that collapsed in 2022, is at the center of a legal battle as current CEO John J. Ray III disputes claims made by his predecessor, Sam Bankman-Fried. Bankman-Fried had asserted that customers suffered no financial losses due to the exchange's collapse, but Ray refutes this, calling the claims "delusional" and "false."
Ray emphasized that when he took over as CEO, the exchange had only 105 bitcoins left, a fraction of what customers were owed. While some assets were recovered, significant amounts, including funds spent on investments and bribes, remain unrecovered.
Despite efforts to repay customers, many remain dissatisfied with the valuations of their funds, as they will be refunded based on bankruptcy-time values rather than current, higher values. Ray stressed that customers, creditors, and stockholders have all suffered due to the collapse.
Bankman-Fried is facing sentencing on March 28, with prosecutors recommending a lengthy prison term. The dispute underscores the complexities and consequences of cryptocurrency exchange failures.
#BOME #crypro #WIF #FTXScamAlert #Ftx❓
Ray emphasized that when he took over as CEO, the exchange had only 105 bitcoins left, a fraction of what customers were owed. While some assets were recovered, significant amounts, including funds spent on investments and bribes, remain unrecovered.
Despite efforts to repay customers, many remain dissatisfied with the valuations of their funds, as they will be refunded based on bankruptcy-time values rather than current, higher values. Ray stressed that customers, creditors, and stockholders have all suffered due to the collapse.
Bankman-Fried is facing sentencing on March 28, with prosecutors recommending a lengthy prison term. The dispute underscores the complexities and consequences of cryptocurrency exchange failures.
#BOME #crypro #WIF #FTXScamAlert #Ftx❓
First Photo of Sam Bankman-Fried in Jail Stuns the Web. "From Crypto Kingpin to Concrete Walls"
Remember the meteoric rise of FTX's Sam Bankman-Fried? From billionaire wunderkind to facing fraud charges, his fall from grace has been nothing short of shocking. Now, a photo emerges, offering a glimpse into his stark reality behind bars.
Gone are the designer suits and lavish lifestyle. The image, shared by crypto influencer Tiffany Fong, shows a thin, disheveled Bankman-Fried blending into the prison crowd. This isn't the image of the man who once promised to revolutionize finance.
This photo ignites a torrent of emotions. Shock, sadness, even a tinge of schadenfreude. It speaks volumes about the fragility of power, the consequences of ambition, and the human cost of financial turmoil.
But the story doesn't end here. The trial continues, and the fate of Bankman-Fried, and potentially the crypto industry, hangs in the balance. Will he be found guilty? Can FTX ever recover?
This image is more than just a newsflash. It's a cautionary tale, a spark for conversation, and a reminder that even in the digital age, human drama reigns supreme. ⚖️
Join the discussion! Share your thoughts on the Bankman-Fried saga, the future of crypto, and the lessons we can learn from this cautionary tale. Let's make this more than just a viral moment - let's turn it into a catalyst for meaningful discourse. ️
P.S. Want to stay updated on the latest developments? Follow me for exclusive insights and analysis!
#sbf #FTXScamAlert #FTXTrial #SamBankman-Fried #Write2Earn
Remember the meteoric rise of FTX's Sam Bankman-Fried? From billionaire wunderkind to facing fraud charges, his fall from grace has been nothing short of shocking. Now, a photo emerges, offering a glimpse into his stark reality behind bars.
Gone are the designer suits and lavish lifestyle. The image, shared by crypto influencer Tiffany Fong, shows a thin, disheveled Bankman-Fried blending into the prison crowd. This isn't the image of the man who once promised to revolutionize finance.
This photo ignites a torrent of emotions. Shock, sadness, even a tinge of schadenfreude. It speaks volumes about the fragility of power, the consequences of ambition, and the human cost of financial turmoil.
But the story doesn't end here. The trial continues, and the fate of Bankman-Fried, and potentially the crypto industry, hangs in the balance. Will he be found guilty? Can FTX ever recover?
This image is more than just a newsflash. It's a cautionary tale, a spark for conversation, and a reminder that even in the digital age, human drama reigns supreme. ⚖️
Join the discussion! Share your thoughts on the Bankman-Fried saga, the future of crypto, and the lessons we can learn from this cautionary tale. Let's make this more than just a viral moment - let's turn it into a catalyst for meaningful discourse. ️
P.S. Want to stay updated on the latest developments? Follow me for exclusive insights and analysis!
#sbf #FTXScamAlert #FTXTrial #SamBankman-Fried #Write2Earn
BREAKING NEWS ⛔⛔⛔
BITCOIN PRICE PREDICTION: $80K-$100K INCOMING?👀👇
CRYPTO ANALYST FORESEES MASSIVE PRICE SURGE
Crypto analyst Dr. ProfitCrypto drops a bombshell! FTX's potential $16 billion repayment could send Bitcoin soaring to $80,000-$100,000!
GERMANY'S BITCOIN SALES: A DROP IN THE OCEAN
Germany's Bitcoin sales of $1.5 billion caused a bearish sentiment, but it's peanuts compared to the upcoming FTX repayments!
TWO POSSIBLE SCENARIOS
1. Market makers pump up the price to $86,000-$92,000 before a correction.
2. FOMO and euphoria drive prices even higher, reaching $80,000-$100,000 this year!
STAY AHEAD OF THE CURVE
Don't miss out on the next big move in crypto! Stay updated with my daily news and analysis.
$BTC
#Write2Earn! #Ftx❓ #FTXScamAlert #Ethereum_ETFs_Expected_Date
BITCOIN PRICE PREDICTION: $80K-$100K INCOMING?👀👇
CRYPTO ANALYST FORESEES MASSIVE PRICE SURGE
Crypto analyst Dr. ProfitCrypto drops a bombshell! FTX's potential $16 billion repayment could send Bitcoin soaring to $80,000-$100,000!
GERMANY'S BITCOIN SALES: A DROP IN THE OCEAN
Germany's Bitcoin sales of $1.5 billion caused a bearish sentiment, but it's peanuts compared to the upcoming FTX repayments!
TWO POSSIBLE SCENARIOS
1. Market makers pump up the price to $86,000-$92,000 before a correction.
2. FOMO and euphoria drive prices even higher, reaching $80,000-$100,000 this year!
STAY AHEAD OF THE CURVE
Don't miss out on the next big move in crypto! Stay updated with my daily news and analysis.
$BTC
#Write2Earn! #Ftx❓ #FTXScamAlert #Ethereum_ETFs_Expected_Date