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Sep 16 2024BUSINESS

Crypto Trader NovaTech's $650 Million Scheme: A Wolf in Sheep's Clothing?

The Securities and Exchange Commission (SEC) has brought a major case against crypto trader NovaTech and its leadership, alleging a fraudulent scheme that duped over 200,000 investors out of $650 million. But what's striking about this case is not just the sheer scale of the scam, but the way it tar

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Sep 16 2024BUSINESS

The Crypto Con: $13M in Fraud Exposed

The world of cryptocurrency trading is often shrouded in mystery, with promises of big returns and exclusive deals. But what happens when the promises are empty and the deals are a scam? That's exactly what happened with ezBtc, a cryptocurrency trading platform that defrauded its customers out of $1

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Sep 16 2024BUSINESS

Crypto-Backed Super PACs Make a Big Splash in Politics

The world of cryptocurrency has made a significant impact on the political scene, with crypto-backed super political action committees (PACs) making their first battleground Senate endorsements in the general election. These PACs, led by Fairshake, Defend American Jobs, and Protect Progress, have ra

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Sep 16 2024BUSINESS

The Bank CEO Who Fell for a Crypto Scam and Lost Everything

The case of a former bank CEO who was sentenced to 24 years in prison for embezzling $47 million after falling for a cryptocurrency scam has left many wondering about the risks of getting caught up in get-rich-quick schemes. Shan Hanes, a 53-year-old man from Kansas, was once the CEO of Heartland Tr

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Sep 16 2024BUSINESS

SEC Takes Aim at Abra's Crypto Lending Product: What's at Stake?

The U.S. Securities and Exchange Commission has filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register its retail crypto asset lending product, Abra Earn. The SEC charged Abra with violating registration requirements under the Securities Act of 1

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Sep 16 2024BUSINESS

The Crypto Billionaire Boom: A Year of Unprecedented Wealth Creation

The past year has been a remarkable one for the world of cryptocurrency, with the population of crypto millionaires growing by a staggering 95%. According to a new report from New World Wealth and Henley & Partners, there are now 172,300 individuals worldwide holding more than $1 million in crypto a

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Sep 16 2024BUSINESS

The Crypto Conundrum: A Tale of Hacked Accounts and Scams

The latest development in the Trump family's crypto venture has raised more questions than answers. On Tuesday, the accounts of two family members, Lara Trump and Tiffany Trump, appeared to be hacked, promoting a scam aimed at cashing in on the family's nascent crypto project. The incident has spark

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Sep 16 2024BUSINESS

Hacked and Hijacked: The Trump Family's Crypto Conundrum

As the world waits with bated breath for Donald Trump's crypto policy platform, a suspicious cyberattack has struck the Trump family's social media accounts. The accounts of two family members, Lara Trump and Tiffany Trump, were hacked to promote a scam linked to the family's nascent crypto venture,

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Sep 16 2024BUSINESS

The Trump Family's Cryptic Cryptocurrency Conundrum: A Hacker's Delight?

It was a Tuesday evening when the unthinkable happened – the social media accounts of Lara and Tiffany Trump, the in-laws of the former US President, were hacked. The attackers, with malicious intent, promoted a cryptocurrency scam on the X platform, sharing links to a project called World Liberty F

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Sep 16 2024BUSINESS

The Crypto Conundrum: Is Donald Trump's Family Sinking Deeper into a Scam?

The world of cryptocurrency is known for its unpredictability, but the latest developments involving Donald Trump's family take the cake. In a shocking turn of events, two Trump family members, Lara and Tiffany, had their Twitter accounts hacked, resulting in them posting links to scam crypto websit

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