Indicted NYC mayor leaves questionable crypto legacy as controversy mounts
Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub. Go to Source
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Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into … Read more
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation … Read more
Crypto Ponzi Leader Receives 121-Month Prison Sentence
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more … Read more
Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading … Read more
Donald Trump uses Bitcoin to buy burgers at NYC bar
Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18. Go to Source
SEC commissioners slam agency after $750K FlyFish Club NFT settlement
SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment. Go to Source
Judge orders ex-FTX exec to appear after request to vacate guilty plea
Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled. Go to Source
NY authorities announce charges related to ‘sham’ crypto recovery firm
The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users. Go to Source
Democratic incumbent targeted by crypto Super PAC ads loses primary
Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary. Go to Source