marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
scam
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 […]
03/26/2023
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By Ethan Huff
FTX victims sue YouTubers who promoted now-failed cryptocurrency exchange for $1 billion
Victims who lost money following the collapse of FTX are suing finance YouTubers who promoted the now-failed cryptocurrency exchange, which was run by disgraced CEO and left-wing megadonor Sam Bankman-Fried (SBF). According to reports, the plaintiffs are seeking $1 billion in damages in a class-action suit against these social media “influencers” who peddled the toxic […]
12/20/2022
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By Ethan Huff
Fan of Tom Brady who lost life savings following football star into FTX scam sues him for recompense
A New England Patriots fan who used to love Tom Brady is suing the self-proclaimed Christian football star for scamming him into investing his life savings into FTX. Michael Livieratos says he decided to go the FTX route after seeing Brady in commercials endorsing the cryptocurrency. In one of them – watch below – Brady […]
12/19/2022
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By Belle Carter
Sam Bankman-Fried’s ex-girlfriend may have fed the government information that led to his arrest
The former CEO of Alameda Research trade company Caroline Ellison, who also happened to be Sam Bankman-Fried’s (SBF) ex-girlfriend, was spotted in a Lower Manhattan coffee shop earlier in the month. This sparked speculations that she was in New York to meet with law enforcement officials. Legal experts even claimed that she likely flipped on […]
12/16/2022
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By JD Heyes
SEC to file additional charges against accused crypto fraudster and FTX boss Sam Bankman-Fried
As much trouble as Sam Bankman-Fried, the alleged crypto-fraudster and former CEO of now-defunct FTX, is in, thanks to charges being filed against him by the Justice Department, it’s not over yet for him. Now, the Securities and Exchange Commission is preparing to file additional charges against the accused thief and big-time Democratic donor, according to […]
12/16/2022
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By Belle Carter
SEC reveals Sam Bankman-Fried squandered FTX missing funds on political donations and himself
Federal documents have exposed that Sam Bankman-Fried (SBF), founder of the collapsed cryptocurrency exchange FTX, has taken billions of dollars out of the “Ponzi scheme” company to spend on his personal needs and countless political donations. The controversial mogul, who was arrested in the Bahamas on December 12 and is now facing charges following his company’s […]
12/13/2022
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By Arsenio Toledo
Bored Ape Yacht Club NFT investors suing celebrity promoters for misleading and fraudulent endorsements of the failed product
A-list celebrities, including television host Jimmy Fallon, actress Gwyneth Paltrow and singer Justin Bieber, have been sued in a class action suit accusing them and other celebrities of fraud after they promoted Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs). The suit claims that celebrities, which also include pop singer Madonna and socialite Paris Hilton, pumped up […]
11/27/2022
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By Ethan Huff
Sam Bankman-Fried’s parents purchased $121 million in “vacation home” properties in Bahamas using illicit funds from FTX crypto scam
Over the past two years, the parents of Sam Bankman-Fried (SBF), the criminal head of the now-defunct FTX cryptocurrency exchange Ponzi scheme, “bought at least 19 properties worth nearly $121 million in the Bahamas,” new reports claim. Citing official property records, Reuters reports that it was not just “executives” at FTX and Alameda that were […]
11/23/2022
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By Arsenio Toledo
Jay Dyer: FTX scam no different from how Federal Reserve prints money and assigns it value
As cryptocurrency exchange FTX continues to collapse, Jay Dyer of “Jay’sAnalysis” podcast makes it clear that this is exactly how the Federal Reserve runs the economy of the United States. Serving as a guest host in an episode of “The Alex Jones Show” on InfoWars, Dyer compared how the FTX accumulated value and collapsed to how […]
11/22/2022
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By Ethan Huff
So-called “audits” of crypto companies are a complete joke, carried out by auditors who don’t even understand basic principles of finance or math
FTX’s “first day” affidavit has finally hit the docket (22-11068, U.S. Bankruptcy Court for the District of Delaware), and what this reveals, among other things, is that the so-called “auditing” process behind the failed cryptocurrency exchange was severely lacking at best. It is going to be a lengthy process getting to the bottom of what […]
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