SEC Targets Crypto Executive in $198 Million Ponzi Case The world of cryptocurrencies has been a hotbed of innovation and opportunity, but it is not without its pitfalls. Recently, the SEC set its sights on a prominent crypto executive in a staggering $198 million Ponzi case. PGI Global, a company that promised lucrative returns on […]
US and Canadian authorities launch operation to combat Ethereum scam
Operation Avalanche: US and Canadian Authorities Join Forces to Combat Ethereum Scam In a significant collaborative effort, US and Canadian authorities recently launched ‘Operation Avalanche’ to combat a major Ethereum phishing scam that had been plaguing unsuspecting victims. This joint operation not only successfully disrupted the fraudulent scheme but also paved the way for victims […]
Japan’s FSA proposes new framework for regulating crypto assets in Japan
Japan’s FSA Proposes New Framework for Regulating Crypto Assets in Japan The Financial Services Agency (FSA) in Japan has recently unveiled a discussion paper that sheds light on the country’s approach to regulating crypto assets. This move comes as a response to the increasing popularity of cryptocurrencies and the need to ensure a secure and […]
How scammers are using fake Google Maps listings to target customers
Beware: Scammers Exploit Fake Google Maps Listings to Target Customers In today’s digital age, where convenience is at the forefront of consumer behavior, online platforms like Google Maps have become essential tools for individuals and businesses alike. From finding the nearest coffee shop to locating a reputable mechanic, Google Maps provides a seamless experience for […]
Crypto.com under fire for minting $5 billion in CRO
Crypto.com Under Fire for Minting $5 Billion in CRO Crypto.com, a leading cryptocurrency exchange, has recently come under intense scrutiny for minting a staggering $5 billion worth of its native token, CRO. While the exchange has maintained that it is financially robust, the lack of updated audits being released has raised concerns among investors about […]
AML Bitcoin CEO faces up to 30 years for investor deception
AML Bitcoin CEO Faces Up to 30 Years for Investor Deception The world of cryptocurrency has been fraught with controversy and scandal, with the latest case involving the CEO of AML Bitcoin, Marcus Andrade, facing up to 30 years in prison. A jury recently found Andrade guilty of wire fraud and money laundering, directly linked […]
US regulators confirm meme coins do not fall under securities rules
US Regulators Confirm Meme Coins Do Not Fall Under Securities Rules In a recent development, US regulators have provided much-needed clarity on the status of meme coins, stating that they do not fall under securities rules. The Securities and Exchange Commission (SEC) has addressed the growing popularity of meme coins and their unique position in […]