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11/18/2022
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By Cassie B.
US to extradite embattled FTX ex-CEO Sam Bankman-Fried from Bahamas
The founder of crypto exchange FTX, Sam Bankman-Fried, is expected to be extradited from the Bahamas back to the U.S. as $2 billion of clients’ money remains unaccounted for. This is according to a report from Bloomberg, which says that authorities in the U.S. and the Bahamas have been discussing extraditing him for questioning. Bankman-Fried […]
07/06/2022
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By Ethan Huff
Coinbase SPIES for the government by geo-tracking its own users and sharing gathered data with the feds
To anyone who has used the platform, it is pretty obvious that things are not quite right and that it is probably not a good idea to store your cryptocurrency holdings there. But now there is solid proof that Coinbase really is just a government-run honeypot operation that quietly sells its users’ data and information […]
07/04/2022
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By Cassie B.
Major crypto hedge fund Three Arrows Capital files for bankruptcy and fires 25% of workforce as crypto implosion spreads
The news for cryptocurrencies keeps getting worse as Three Arrows Capital (3AC), a major cryptocurrency hedge fund, plunges into bankruptcy and fires 25% of its workforce. Rumors that the embattled fund was in trouble started gaining steam early last month, and it was hit hard by the collapse of the Terra crypto and other issues. […]
06/27/2021
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By Franz Walker
South African brothers disappear with $3.6 billion worth of stolen bitcoin
A pair of South African brothers have vanished, taking with them $3.6 billion worth of bitcoin from the cryptocurrency investment platform they put up. A Cape Town law firm hired by investigators says it is unable to find Ameer and Raees Cajee, founders of Africrypt, the country’s largest cryptocurrency exchange. The firm has since reported […]
05/17/2021
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By Franz Walker
Spike in value of meme crypto dogecoin raises bubble fears
The sudden surge in the value of “meme” cryptocurrency dogecoin has raised concerns about a potential bubble in the cryptocurrency market. Starting out as a joke by software engineers Billy Markus and Jackson Palmer, dogecoin was based on the “doge” meme that rose to popularity in 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases […]
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
12/10/2019
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By Mike Adams
CRYPTO WARNING: FBI arrests three men accused of running a $722 million cryptocurrency fraud scheme that allegedly defrauded thousands of “investors”
For several years, I’ve repeatedly warned people to steer clear of crypto schemes. The crypto space seems to attract some of the most unscrupulous promoters, and people who are looking for quick gains often get suckered into costly arrangements that may not be legit. Now, an FBI investigation has led to the DOJ arrest and […]
04/27/2019
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By Ethan Huff
Japanese billionaire, founder of SoftBank, lost $130 million on Bitcoin after the crypto-hype imploded
The second richest man in Japan recently lost a boatload of cash after deciding to sell his Bitcoin holdings, which he purchased at just about the worst possible time back in late 2017 when Bitcoin had reached all-time highs. Masayoshi Son, the billionaire founder of Softbank Group Corp., had experienced what many were feeling during […]
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