NFTs could help solve diamond certification fraud
Non-fungible tokens are being used to serve as digital GIA diamond certificates to ensure immutability, transparency and proof-of-ownership. Go to Source Powered by WPeMatico
Fraud
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Cryptocurrency has become a playground for fraudsters
Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it’s being sold to the public as casino entertainment. Go to Source Powered by WPeMatico
Michael Saylor on the FTX fiasco: ‘Unethical and illegal from the very beginning’
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire. Go to Source Powered by WPeMatico
Metallica issues crypto scam alert before the 72 Seasons album launch
Cashing in on the buzz around Metallica’s new album launch and upcoming tour, scammers have started targeting metalheads through social media impersonation. Go to Source Powered by WPeMatico
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda. Go to Source Powered by WPeMatico
Despite endless media appearances, SBF unlikely to testify on 13th
One observer suggested Bankman-Fried may be reluctant to discuss FTX due to the legal implication of lying under oath to the U.S. Congress. Go to Source Powered by WPeMatico
Elon Musk alleges SBF donated over $1B to Democrats: “Where did it go?”
SBF made the “highest ROI trade of all time” by donating $40 million to the right people for getting away with stealing over $10 billion, said Will Manidis, the CEO of ScienceIO. Go to Source Powered by WPeMatico
Crypto Community weighs in on SBF’s ‘apology tour’
The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews. Go to Source Powered by WPeMatico
US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices
On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse was comparable to complex bankruptcy cases like Lehman’s, Washington Mutual Bank’s, … Read more
Former FTX CEO Sam Bankman-Fried denies “improper use” of customer funds
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.” Go to Source Powered by WPeMatico