Celebrities boost crypto projects but don’t guarantee legitimacy
In some cases, celebrity backing for a crypto project is a red flag because it’s a scam ad made by criminals. Go to Source
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US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China. Go to Source
US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered … Read more
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) … Read more
Ripple and SEC agree to stay $125M judgment, hinting at appeal
Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay. Go to Source
Nigerian judge pushes Binance exec’s bail hearing to Oct. 9
Detained in Nigeria for more than six months and with reported health problems, Tigran Gambaryan awaits a judge’s decision following another bail application. Go to Source
Brazil’s X ban: Are VPN users at risk for accessing the platform?
VPN providers agree that tracking individuals accessing X via VPNs in Brazil would be challenging but not impossible. Go to Source
Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail. Go to Source
Home invaders used machete, Toblerone to rob man of Bitcoin
For the first time ever, a Scottish court seized Bitcoin from the “technical brains” behind a robbery where a woman was beaten with a Toblerone. Go to Source
Brazil Supreme Court upholds judge’s decision to suspend Elon Musk’s X
The Tesla CEO has used his platform on X to hint Brazilian residents should defy the judge’s order using VPNs, despite the risk of fines. Go to Source
