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Hello Community đ
Today I'm trying to save you from what I see as a #Fraud .
The name of the project (which is currently on presale) is âBlockDAGâ.
đ¨Here are all the red flags every investor should know about: đ¨
âŤď¸ The presale is divided into several batches which give more and more bonus (current batch gives a bonus of crazy 250%)
This means that the coins of the âearlyâ investors have already become worthless in the presale (new record), as you now simply get them as a bonus for the first purchase.
âŤď¸ According to BlockDag, the German soccer club BVB has ended the cooperation due to the MICA2 regulation in the EU (which is complete nonsense). It is also interesting to note at this point that they have never previously announced themselves to BlockDAG.
âŤď¸ The leader board is dominated by a few who, due to their reach, naturally receive more coins per hour in return and thus devalue the coin again as these are awarded âfree of chargeâ for âadvertisingâ (without lock duration).
âŤď¸ The public groups are full of paid promoters who encourage everyone in the group to buy 24/7. They dodge critical questions and make fun of you. Also, none of the promoters can answer the question why BlockDAG should be the future and why I should invest my money.
âŤď¸ The World Champion in MMA that is being advertised is also NOT public committed to BlockDag.
âŤď¸ Promotional videos are shot with paid actors and not with the team behind the project
âŤď¸ The team seems to have no interest in the Tokennomic
âŤď¸ due to the hefty bonus in each presale batch, early investors are once again forced to buy coins as their coins have become practically worthless
There are many more red flags, such as the fact that no named partner on the website publicly commits to BlockDag.
If you take a look at the big picture as a newcomer to the crypto market, you should quickly realize that there is a lot going wrong and you should keep your hands off it.
#DYOR
#BlockDAG
#Presale
#Scam
Whatâs your opinion ? Write it down âŹď¸
Today I'm trying to save you from what I see as a #Fraud .
The name of the project (which is currently on presale) is âBlockDAGâ.
đ¨Here are all the red flags every investor should know about: đ¨
âŤď¸ The presale is divided into several batches which give more and more bonus (current batch gives a bonus of crazy 250%)
This means that the coins of the âearlyâ investors have already become worthless in the presale (new record), as you now simply get them as a bonus for the first purchase.
âŤď¸ According to BlockDag, the German soccer club BVB has ended the cooperation due to the MICA2 regulation in the EU (which is complete nonsense). It is also interesting to note at this point that they have never previously announced themselves to BlockDAG.
âŤď¸ The leader board is dominated by a few who, due to their reach, naturally receive more coins per hour in return and thus devalue the coin again as these are awarded âfree of chargeâ for âadvertisingâ (without lock duration).
âŤď¸ The public groups are full of paid promoters who encourage everyone in the group to buy 24/7. They dodge critical questions and make fun of you. Also, none of the promoters can answer the question why BlockDAG should be the future and why I should invest my money.
âŤď¸ The World Champion in MMA that is being advertised is also NOT public committed to BlockDag.
âŤď¸ Promotional videos are shot with paid actors and not with the team behind the project
âŤď¸ The team seems to have no interest in the Tokennomic
âŤď¸ due to the hefty bonus in each presale batch, early investors are once again forced to buy coins as their coins have become practically worthless
There are many more red flags, such as the fact that no named partner on the website publicly commits to BlockDag.
If you take a look at the big picture as a newcomer to the crypto market, you should quickly realize that there is a lot going wrong and you should keep your hands off it.
#DYOR
#BlockDAG
#Presale
#Scam
Whatâs your opinion ? Write it down âŹď¸
đ Charges have been brought in New York against the organizer of a Ponzi scheme using digital assets, Idin Dalpura. The damage from the pyramid scheme is estimated at $43 million.
Dalpura offered investors from the USA and other countries the opportunity to earn "huge profits" of up to 42% annually by investing in the hotel business in Las Vegas and cryptocurrency trading. In reality, he paid money to old investors with funds from new ones.
The accused lost about $1.7 million from victims' funds in gambling, covered debts with them, and also paid for his children's education at a private school. Now he faces up to 20 years in prison.
#fraud #ScamRiskWarning #LasVegas #IdinDalpura
Dalpura offered investors from the USA and other countries the opportunity to earn "huge profits" of up to 42% annually by investing in the hotel business in Las Vegas and cryptocurrency trading. In reality, he paid money to old investors with funds from new ones.
The accused lost about $1.7 million from victims' funds in gambling, covered debts with them, and also paid for his children's education at a private school. Now he faces up to 20 years in prison.
#fraud #ScamRiskWarning #LasVegas #IdinDalpura
FTX Gets Court OK to Sell $873M in Assets for Creditor Payback while Founder Awaits Sentence
A Delaware bankruptcy court has approved to allow FTX, a bankrupt crypto exchange, to sell $873 million in trust assets which will be used to pay back creditors.
The values of these assets have recently increased to a total of $873 million as of October 25 with $807 million from Grayscale Investments and $66 million from Bitwise.
On November 3 FTX debtors made a request to sell six cryptocurrency trusts, including Grayscale's Bitcoin and Ethereum trusts and Bitwise's Crypto Index Fund.
FTX owns significant shares in these trusts, with over 22 million units in Grayscale's Bitcoin trust and 6.3 million in their Ethereum trust.
Ethereum Classic, Litecoin, and Digital Large Cap - these are the other Grayscale trusts to be included in the sales in order to gather funds for affected FTX customers.
Since FTX's collapse, FTX's administrators have recovered around $7 billion in assets with $3.4 billion in cryptocurrencies. The total customer assets misused is a total of $8.7 billion.
Convicted on fraud charges, Sam Bankman-Fried, FTX's founder, is waiting to be sentenced while he's in detention at Brooklyn's Metropolitan Detention Center, where he recently traded mackerels for a haircut.
#FTX #cryptocurrency #bankruptcy #fraud
A Delaware bankruptcy court has approved to allow FTX, a bankrupt crypto exchange, to sell $873 million in trust assets which will be used to pay back creditors.
The values of these assets have recently increased to a total of $873 million as of October 25 with $807 million from Grayscale Investments and $66 million from Bitwise.
On November 3 FTX debtors made a request to sell six cryptocurrency trusts, including Grayscale's Bitcoin and Ethereum trusts and Bitwise's Crypto Index Fund.
FTX owns significant shares in these trusts, with over 22 million units in Grayscale's Bitcoin trust and 6.3 million in their Ethereum trust.
Ethereum Classic, Litecoin, and Digital Large Cap - these are the other Grayscale trusts to be included in the sales in order to gather funds for affected FTX customers.
Since FTX's collapse, FTX's administrators have recovered around $7 billion in assets with $3.4 billion in cryptocurrencies. The total customer assets misused is a total of $8.7 billion.
Convicted on fraud charges, Sam Bankman-Fried, FTX's founder, is waiting to be sentenced while he's in detention at Brooklyn's Metropolitan Detention Center, where he recently traded mackerels for a haircut.
#FTX #cryptocurrency #bankruptcy #fraud
Rise in Cryptocurrency Frauds
The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, recently highlighted the increasing number of frauds in the cryptocurrency space, which is linked to the historic surge in the price of Bitcoin. Gensler emphasized the risks associated with unethical practices in the crypto world and pointed out the volatile nature of Bitcoin, which can attract speculative investors.
Gensler pointed out the issues in the broader context of the crypto industry, including the dangers arising from inadequate information provided by digital asset intermediaries, which could jeopardize investors.
Year 2023: Record Year for Cryptocurrency Frauds
According to analysis by Chainalysis, frauds became a key factor in cryptocurrency-related crime in 2023, with generated revenues exceeding $4.6 billion. The FBI's report on internet crime shows that there was an increase in losses from crypto investment frauds in the USA to $3.94 billion, representing a 53% increase from the previous year. Investment frauds became the most common type of internet crime in 2023.
Reasons for the Increase in Frauds
The rise in frauds is linked to increasing interest in high-yield investment opportunities during strong market sentiment. Chainalysis research suggests that frauds generate smaller revenues during downturns in the crypto market.
Most Common Types of Fraudulent Schemes
The BBB's 2023 fraud report revealed that scammers come up with innovative methods to deceive investors, with approximately 80% of Americans targeted by crypto and investment frauds in 2022 experiencing financial losses. A significant increase was noted in cases of romance scams, which increased 85 times since 2020.
Pump and dump schemes are unpredictable and utilize new tokens to artificially inflate their prices, enabling fraudsters to make money when prices are at their peak. According to Chainalysis, only a small percentage of the more than 370,000 tokens launched on Ethereum in 2023 achieved significant liquidity.
How to Protect Oneself
The key to protecting oneself from frauds is to be vigilant and informed about potential risks. A proactive approach and caution in trading cryptocurrencies can help minimize the possibility of falling victim to frauds.
Conclusion
The risk of frauds is high in the cryptocurrency world, especially at a time when the market is constantly evolving and attracting new investors. It is important to be aware of potential dangers and take measures to protect your investments.
#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
Gensler pointed out the issues in the broader context of the crypto industry, including the dangers arising from inadequate information provided by digital asset intermediaries, which could jeopardize investors.
Year 2023: Record Year for Cryptocurrency Frauds
According to analysis by Chainalysis, frauds became a key factor in cryptocurrency-related crime in 2023, with generated revenues exceeding $4.6 billion. The FBI's report on internet crime shows that there was an increase in losses from crypto investment frauds in the USA to $3.94 billion, representing a 53% increase from the previous year. Investment frauds became the most common type of internet crime in 2023.
Reasons for the Increase in Frauds
The rise in frauds is linked to increasing interest in high-yield investment opportunities during strong market sentiment. Chainalysis research suggests that frauds generate smaller revenues during downturns in the crypto market.
Most Common Types of Fraudulent Schemes
The BBB's 2023 fraud report revealed that scammers come up with innovative methods to deceive investors, with approximately 80% of Americans targeted by crypto and investment frauds in 2022 experiencing financial losses. A significant increase was noted in cases of romance scams, which increased 85 times since 2020.
Pump and dump schemes are unpredictable and utilize new tokens to artificially inflate their prices, enabling fraudsters to make money when prices are at their peak. According to Chainalysis, only a small percentage of the more than 370,000 tokens launched on Ethereum in 2023 achieved significant liquidity.
How to Protect Oneself
The key to protecting oneself from frauds is to be vigilant and informed about potential risks. A proactive approach and caution in trading cryptocurrencies can help minimize the possibility of falling victim to frauds.
Conclusion
The risk of frauds is high in the cryptocurrency world, especially at a time when the market is constantly evolving and attracting new investors. It is important to be aware of potential dangers and take measures to protect your investments.
#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
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
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
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
Did the FBI Create NexFundAI Token to Trap Crypto Fraudsters? đ
The #FBI initiated an undercover operation by creating its own cryptocurrency token, âThe #NexFundAI Token,â which operated on the Ethereum blockchain as a security. The token and a corresponding company were used to identify and disrupt alleged crypto fraud schemes, enlisting the services of the indicted firms in a strategic move to bring them to justice.
This marked an unprecedented approach in law enforcementâs efforts to combat #fraud in the crypto space.
Token contract: 0x16ca471aE755f8a2cD4eC315A4a7439dcfEBE54c
Link: https://etherscan.io/address/0x16ca471ae755f8a2cd4ec315a4a7439dcfebe54c
If you enjoy my content, feel free to tip me â¤ď¸
#Binance
#crypto2024
The #FBI initiated an undercover operation by creating its own cryptocurrency token, âThe #NexFundAI Token,â which operated on the Ethereum blockchain as a security. The token and a corresponding company were used to identify and disrupt alleged crypto fraud schemes, enlisting the services of the indicted firms in a strategic move to bring them to justice.
This marked an unprecedented approach in law enforcementâs efforts to combat #fraud in the crypto space.
Token contract: 0x16ca471aE755f8a2cD4eC315A4a7439dcfEBE54c
Link: https://etherscan.io/address/0x16ca471ae755f8a2cd4ec315a4a7439dcfebe54c
If you enjoy my content, feel free to tip me â¤ď¸
#Binance
#crypto2024
Hamster has done a big scam with us, file a fraud case on the application as soon as possible and remove it as soon as possible.
.
#hamsterscam #hamster #fraud
#hamster
.
#hamsterscam #hamster #fraud
#hamster
#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...
Crazy #Manipulation by #Bitget exchange đ¨
Dumped Native Token #BGB đ
In 1 Single Candle And Then Pumped Back To Make New High Next Hour đ
#fraud
#howcantrust
Dumped Native Token #BGB đ
In 1 Single Candle And Then Pumped Back To Make New High Next Hour đ
#fraud
#howcantrust
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$AUCTION binance what is this how is it not being traded it started a decline it has been falling continuously for 24 hours it does not get any reaction it stays stuck at every level it falls #Binance #Binance? #fraud #dolandÄąrÄącÄą
$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
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
Founder of #cryptocurrency Financial Services Firm "#Gotbit " Indicted for Market Manipulation and #fraud Conspiracy.