The mastermind behind the crypto lending platform Celsius Network has been handed a severe punishment. Alexander Mashinsky, the 59-year-old founder, has been sentenced to 12 years in prison. The judge deemed this necessary due to the seriousness of Mashinsky's crimes, which involved deceiving thousa
The crypto world has seen its share of dramatic ups and downs, but few stories are as striking as the recent fall of prominent figures in the industry. The former head of Celsius Network, Alexander Mashinsky, received a 12-year prison sentence. This came after he admitted to two major fraud charges.
The mayor of New York City, Eric Adams, is facing a significant hurdle in his re-election campaign. A powerful city board has refused to release $4 million in public funds meant to match his campaign donations. The reason? The board has lingering doubts about Adams' involvement in campaign finance m
Bluesky is introducing a new way to verify accounts, similar to the blue check marks seen on other social media platforms. This change comes as the platform has seen a surge in users since it opened to the public in early 2024. Before this, users could verify themselves by adding custom domains to t
The internet is full of tricks. One of the latest is a sneaky scheme where fraudsters pose as FBI agents. They target people who have already been scammed. Their goal? To trick them into giving up even more money and personal details. This scam is not new, but it is making a comeback. From Dec
Tesla is in hot water over claims that it messes with the odometer readings of its cars. This is not good news for the company. Some customers think the company is doing this to make more money on repairs and to get people to buy extended warranties sooner. This is a big deal because it affects h
Social media has become a battleground for heated exchanges between politicians and business leaders. One recent clash involved a prominent senator and a tech billionaire. The senator accused the billionaire of undermining essential government programs. The billionaire responded by suggesting tha
A man who once lived in California has admitted to a big scam. He sold fake sports and celebrity items worth a lot of money. The U. S. Department of Justice shared this news on a Monday. The man, Anthony J. Tremayne, is 58 years old. He could spend up to 20 years in prison for his actions. He admitt
Bitcoin has become a popular choice for criminals. It's a digital currency that's not controlled by any government. This makes it hard to track illegal activities. To fight this, researchers have been looking into new ways to spot suspicious transactions. One big problem is money laundering. This i
A young entrepreneur, Charlie Javice, was found guilty of tricking JPMorgan Chase. She claimed her startup, Frank, had millions of customers. In reality, she had only a fraction of that number. This deception cost the bank $175 million. The trial lasted five weeks in a Manhattan court. Javice, now 3
