• Four Russians have been charged with operating a crypto pyramid and Ponzi scheme called Forsage. • Forsage allegedly raised around $340 million from its victims and the founders face up to 20 years in prison if convicted. • U.S authorities confirmed that over 80% of Forsage investors received fewer ether (ETH) back than they …
Four Russians Charged in $340M Defi Crypto Ponzi Scheme Read More »
• A former executive of FTX allegedly purchased discounted FTX tokens (FTT) for a charity, Polaris Ventures, before they were available to the public at $0.05 per unit. • Anonymous sources claim that Polaris Ventures made millions from selling the FTT after it began trading publicly at $1 in 2019 and 2020. • Ruairi Donnelly’s …
Ex-FTX Exec Accused of Making Charity Millions with Discounted FTT Purchase Read More »
• North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. • Cybercrime groups linked to North Korea have gotten hold of crypto worth over $1 billion in a year. • Reports suggest that hackers controlled by Pyongyang acquired crypto worth $630 million during the …
North Korea Steals Crypto Worth Over $1B in Record-Breaking Year Read More »
• Massachusetts-based Bankprov has announced that it will no longer offer loans secured by cryptocurrency mining rigs. • Bankprov holds approximately $41.2 million in cryptocurrency-collateralized loans, with about $26.7 million of the debt backed by crypto-mining equipment. • Several crypto-mining companies have sought bankruptcy protection or reorganized tens of millions in debt due to the …
Bankprov Cuts Crypto Mining Loans, Cites Crypto Winter Pressure Read More »