marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
crime
12/13/2024
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By Ava Grace
Scammers using fake Telegram verification bots to steal cryptocurrency assets from unsuspecting victims
Scammers are combining social engineering with fake Telegram verification bots to inject crypto-stealing malware into users’ systems, leading to substantial losses. The scam involves creating counterfeit X accounts impersonating popular crypto influencers, luring followers to Telegram groups, and prompting them to verify their identities through a fake bot named “OfficiaISafeguardBot.” The fake bot injects a […]
10/29/2023
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By Ramon Tomey
Disgraced FTX founder Sam Bankman-Fried takes the witness stand
Sam Bankman-Fried, the disgraced founder of the now-bankrupt cryptocurrency exchange FTX, recently took the witness stand in his own defense. Mark Cohen, an attorney for Bankman-Fried earlier confirmed the move in an Oct. 25 conference call. According to CNBC, “the decision by his legal team sets him up for a cross-examination by federal prosecutors, who […]
10/13/2023
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By Arsenio Toledo
Sam Bankman-Fried tried to recoup losses by opening fake accounts using IDs of Thai prostitutes
Former billionaire and cryptocurrency magnate Sam Bankman-Fried directed his former girlfriend Caroline Ellison to hide the billions of dollars in customer deposits and investor funds he siphoned from his company through a variety of elaborate schemes. This is according to Ellison’s testimony before a federal court in downtown Manhattan. Ellison, who at the time of the […]
10/11/2023
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By Ramon Tomey
Star witness Caroline Ellison says disgraced FTX founder Sam Bankman-Fried instructed her to COMMIT CRIMES and MISLEAD LENDERS
Caroline Ellison, former partner of FTX founder Sam Bankman-Fried, said the latter instructed her to commit crimes and mislead lenders during her testimony. The former CEO of Alameda Research-turned-star witness disclosed this when she testified before a federal court in Manhattan on Oct. 10. “Sam directed me to commit these crimes,” she remarked following her […]
12/23/2022
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By Ramon Tomey
FTX founder Sam Bankman-Fried out on $250M bail
Sam Bankman-Fried, the disgraced founder of now-bankrupt cryptocurrency exchange FTX, has been released on a $250 million bond while awaiting trial. U.S. Magistrate Judge Gabriel Gorenstein of the U.S. District Court for the Southern District of New York in Manhattan approved the personal recognizance bond – a written commitment from the accused to appear in […]
12/22/2022
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By Belle Carter
FTX seeks to retrieve voluntary payments from donation recipients, including some Democrats
Collapsed cryptocurrency exchange firm FTX and its affiliated debtors (FTX Debtors) were approached by some recipients of contributions or other payments to return the money they received from the firm’s former CEO Sam Bankman-Fried (SBF) or the other executives. According to reports, the company will attempt to recoup voluntary payments made to third parties prior […]
12/14/2022
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By Belle Carter
Chinese police bust gang that laundered $1.7B in cryptocurrency using Tether stablecoins
Chinese law enforcement recently arrested 63 people who allegedly used cryptocurrency to launder a total of 12 billion Chinese yuan or $1.7 billion. The suspects, allegedly part of a criminal gang, were arrested as part of Beijing’s crackdown on digital currency trading. Officers from the public security bureau (PSB) of Tongliao City in China’s Inner […]
12/05/2022
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By Arsenio Toledo
Crypto expert: FTX collapse marks end of “cryptographic scam” that involves worthless crypto coins gaining immense value
Cryptocurrency industry journalist and expert Max Keiser called FTX’s collapse the end of a “cryptographic scam.” Cryptocurrency exchange platform FTX recently filed for bankruptcy, costing investors up to $2 billion, after a liquidity crisis that exposed all of former CEO Sam Bankman-Fried’s illicit dealings, including his donations to the Democratic Party and its pet causes. […]
11/17/2022
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By Belle Carter
Health Ranger Report: John Perez highlights the importance of having silver and gold as crypto collapses
John Perez, also known as the Crypto Nostradamus, highlighted the importance of having actual physical assets such as silver and gold during his recent appearance on the “Health Ranger Report.” According to Perez, the cryptocurrency Bitcoin has collapsed and lost 25 percent of its value. He attributed this to a conspiracy, explaining that investors’ mindsets are […]
11/16/2022
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By Kevin Hughes
Report: FTX utilized customer funds to prop up beleaguered Alameda Research
Failed cryptocurrency firm FTX Trading Limited and its disgraced former CEO Sam Bankman-Fried moved customer assets to prop up trading company Alameda Research, after it suffered from multiple losses in May and June 2022. A Nov. 3 Reuters report elaborated on this claim, citing three people familiar with FTX operations. The sources said Bankman-Fried moved at […]
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