Crypto influencer promotes scam, reimburses victims and apologizes

Crypto influencer Eunice D. Wong has recently come under fire for promoting a scam memecoin known as ThaddeusToken.

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Scam Alert: BEN and PSYOP Tokens Follow in the Footsteps of PEPE and LADYS, Exploiting Crypto Enthusiasts

In a shocking turn of events, a notorious scammer on Twitter, known for shilling the BEN token, has swiftly transitioned to promoting another suspicious cryptocurrency called PSYOP. Despite warnings and the past scam, individuals continue to fall victim to the scammer’s tactics, resulting in an influx of millions of USD within hours.

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Allow Influencers to Promote Registered Crypto Firms, French Senators Say

Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions

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Dubai crypto regulator sends reprimand letter to OPNX founders

Recently uncovered reports indicate that Dubai authorities have reprimanded 3AC co-founders for illegally promoting the OPNX exchange. 3AC founders oversaw the fall of one of the largest crypto hedge funds last year.

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Investing With Heart: How Shiba Inu Aims to Put Crypto to Use for Social Good

Delve into the innovative role of Shiba Inu Token in promoting animal welfare causes and discover how it's reshaping the landscape of socially responsible crypto investing The post Investing With Heart: How Shiba Inu Aims to Put Crypto to Use for Social Good appeared first on BeInCrypto.

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UK could roll out crypto regulation within a year, says senior minister

Key takeaways Andrew Griffith has estimated that the UK could roll out its crypto regulation within a year. He pointed out that the UK is working hard to become a crypto hub, promoting innovation while ensuring progressive regulation.

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Tom Brady, other celebrities ask court to dismiss lawsuit over promoting FTX

Celebrities implicated in a class-action lawsuit over promoting crypto exchange FTX have asked the court to dismiss the case, according to motions filed on April 14. The celebrities include comedian actor and director Larry David, Tom Brady, Gisele Bundchen, Stephen Curry,  Udonis Haslem, Trevor Lawrence, Kevin O’Leary, Shohei Ohtani, David Ortiz, Naomi Osaka — and […] The post Tom Brady, other celebrities ask court to dismiss lawsuit over promoting FTX appeared first on CryptoSlate.

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Celebrity crypto endorsements unravels a risky trend

A recently leaked list has exposed several high-profile celebrities cashing in on promoting cryptocurrency projects on social media.   This revelation underscores the potential risks associated with taking financial advice from influencers.

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Is France’s Pending Social Media Ban on Crypto Enforceable?

Recently, French lawmakers proposed an amendment to Bill 790 that would criminalize promoting crypto on social media. The amendment proposes a two-year prison sentence and a €30,000 ($32,600) fine for violators.

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Binance Chief, Jimmy Butler, and Other Influencers Face $1B Lawsuit for Promoting Unregistered Securities

Coinspeaker Binance Chief, Jimmy Butler, and Other Influencers Face $1B Lawsuit for Promoting Unregistered Securities The lawsuit blames crypto exchange Binance and its affiliates for illegally promoting unregistered securities and also engaging in the activities of BNB burn.

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French Crypto Influencer Ban Will Harm Country’s Attractiveness, Industry Group Says

Proposals to stop social media stars promoting unlicensed companies were approved by the National Assembly Thursday.

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France to Ban Influencers from Promoting Crypto Products and Services

Coinspeaker France to Ban Influencers from Promoting Crypto Products and Services Those violating the law could be sentenced to up to two years in jail as well as a fine of 30,000 euros, in addition to losing their social media accounts.

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SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering

Among the celebrities who settled with the Securities and Exchange Commission for their role in promoting TRX and BTT were actress Lindsay Lohan, YouTuber Jake Paul and singer Akon.

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France looks to ban influencers from promoting crypto products, projects

The French National Assembly’s Economic Affairs Committee agreed to ban influencers from advertising and promoting unlicensed crypto products and projects on social media. The post France looks to ban influencers from promoting crypto products, projects appeared first on CryptoSlate.

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Anonymous DAO tomi raises $40M for 'surveillance-free' internet

The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.

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A new class-action lawsuit targets YouTube influencers for promoting FTX

A class-action lawsuit led by Edwin Garrison has been filed against “FTX influencers” for their alleged role in promoting a massive crypto fraud totaling over $1 billion in damages. The post A new class-action lawsuit targets YouTube influencers for promoting FTX appeared first on CryptoSlate.

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Investors Sue Crypto Influencer BitBoy For Promoting FTX

BitBoy and several other influencers face a new class-action lawsuit for non-disclosure of FTX compensation. The post Investors Sue Crypto Influencer BitBoy For Promoting FTX appeared first on BeInCrypto.

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The Agenda podcast chats crypto, media and ethics with Molly Jane Zuckerman

Should crypto media have a universal code of ethics, and what role — if any — should journalists play in promoting crypto mass adoption?

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SEC charges former NBA player Paul Pierce for crypto promotion

The Securities and Exchange Commission charged former NBA player Paul Pierce on Feb. 17, 2023, for promoting and making false statements about EMAX tokens.

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SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media.

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US SEC charges former NBA player for promoting crypto asset

The SEC has charged Paul Pierce for promoting EMAX tokens The former NBA player has agreed to pay a penalty and is prohibited from promoting crypto asset securities for three years The UniteThe post US SEC charges former NBA player for promoting crypto asset appeared first on AMBCrypto.

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3AC founder failed to comply with subpoena, promoting new venture instead

The Three Arrows Founder, Kyle Davies, has been accused of ignoring Twitter subpoenas as he shamelessly markets his new venture, another crypto project.

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Whalechart Twitter hacked to promote fake Uniswap giveaway

On Jan. 23, web3 security firm WalletGuard alerted the crypto community that bad actors took over Whalechart’s Twitter page to promote a fake giveaway. Twitter account promoting a malicious link The @Whalechart Twitter account, which has more than 223K followers,…

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India’s WazirX proof of reserves shows largest holding is Shiba Inu (SHIB)

WazirX, India’s largest crypto exchange, has published its proof of reserves (POR), making public its wallet addresses, exchanges and POR report. In an announcement on Wednesday, WazirX said the publication of its proof of reserves is a show of its commitment to promoting trust and security in India’s crypto ecosystem as the broader industry looks […] The post India’s WazirX proof of reserves shows largest holding is Shiba Inu (SHIB) appeared first on Invezz.

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Kardashian Lawsuit Dropped as Crypto Promoters Under Fire

A federal judge has dismissed a class action lawsuit against celebrities, including Kim Kardashian, for promoting the cryptocurrency EthereumMax. The post Kardashian Lawsuit Dropped as Crypto Promoters Under Fire appeared first on BeInCrypto.

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Kim Kardashian, Floyd Mayweather Legal Case for Shilling EMAX Crypto Shut Down

Two celebrities were accused of promoting cryptocurrency to "dupe" potential investors, but now case gets dismissed

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U.S. Congressman fined for marketing crypto project

A report published on Dec. 6 states that Representative Madison Cawthorn violated congressional ethics standards by unlawfully promoting crypto which he held a financial stake.

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Binance Re-Enters Japanese Crypto Market With Acquisition of FSA-Regulated Exchange Sakura

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Congressman Tom Emmer “More Concerned Now” That SEC’s Crypto Strategy Isn’t Working

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Google still promoting crypto phishing sites, warns Binance boss

In a tweet this week, CZ warned that when searching for CoinMarketCap on Google, phishing sites with an “ad” tag were showing up in front of the actual website.

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Crypto Influencer Lark Davis Escapes Celsius Bankruptcy With $2.5M

ZachXBT, an on-chain crypto sleuth, reveals that crypto investor Lark Davis withdrew $2.5 million from Celsius while promoting the platform. The post Crypto Influencer Lark Davis Escapes Celsius Bankruptcy With $2.5M appeared first on BeInCrypto.

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Kim Kardashian's EthereumMax Promotion Was a 'Gift' to the SEC

Lisa Braganca, former SEC enforcement branch chief, joined “First Mover” to discuss the implications for celebrities after reality TV star Kim Kardashian was fined over $1 million for promoting a crypto token.

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What Is EthereumMax? Inside the Crypto Kim Kardashian Lost $1.2M Promoting

EthereumMax and the EMAX token won investors over with big promises and flashy names. But has it delivered?

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Bitcoin in El Salvador – One Year Later

It has been one year since Bitcoin became legal tender in El Salvador. Crypto adoption has not been without issues in El Salvador, but it’s difficult to weed through the different stories about Bitcoin because there are so many competing interests promoting or FUDing Bitcoin.

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ZachXBT alleges crypto influencer Lark Davis made over $1M dumping crypto projects

Self-proclaimed on-chain sleuth ZachXBT alleged that popular crypto influencer Lark Davis made over $1 million while promoting low-cap crypto projects and dumping them on his followers in a September 29 Twitter thread.

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Crypto Biz: DID you see what Africa is doing with Web3?

Decentralized identity services could play a vital role in promoting Web3 payments in emerging markets like Africa. This week's Crypto Biz has the latest.

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SEC sues crypto influencer Ian Balina

The US Securities and Exchange Commission (SEC) has sued crypto influencer Ian Balina for violating securities laws when he promoted an unregistered token offering in 2018. Specifically, the agency filed the action against the 33-year old YouTuber for promoting an unregistered security token and failing to offer disclosures for the initial coin offering (ICO).

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ICO Promoter Ian Balina Charged With Violating Federal Securities Laws

Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering (ICO).

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SEC Suing Crypto Influencer for Promoting Shady Projects

Infamous promoter of dubious ICO offerings has been charged with violating federal securities laws by SEC

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UK advertising watchdog cites 2 former reality stars for crypto ads on Instagram stories

The ASA said the Gale twins could not post the crypto ads “in the form complained about” again, but did not bar them from promoting digital assets in future advertisements.

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Love Island Twins’ Crypto Instagram Posts Misled Viewers, UK Ad Authority Says

Instagram influencers must explain related risks when promoting crypto investments, the country’s advertising regulator said.

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'Love Island' Twins' Crypto Instagram Posts Misled Viewers, UK Ad Authority Says

Instagram influencers must explain related risks when promoting crypto investments, the country’s advertising regulator said.

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South African rugby icon Siya Kolisi headlines new crypto advertising campaign

The Springbok captain features in a new advertising campaign promoting a long-term attitude towards cryptocurrency investing in South Africa.

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Cardano Critic Mark Cuban Gets Sued for Promoting Collapsed Crypto Broker

Billionaire accused of advertising services of crypto broker Voyager

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Mark Cuban faces class action lawsuit for promoting Voyager crypto products

The lawsuit alleged Mark Cuban misrepresented the crypto offerings and services by Voyager and leveraged his years of experience to lure inexperienced customers into investing their life savings.

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South African Bank Official Slammed for Spreading Misinformation About Crypto

The deputy governor of the South African Reserve Bank has been accused of promoting misinformation surrounding the illicit use of cryptocurrencies. The post South African Bank Official Slammed for Spreading Misinformation About Crypto appeared first on BeInCrypto.

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Kim Kardashian’s legal team files motion to dismiss EthereumMax crypto lawsuit

Kim Kardashian’s lawyers filed a joint motion to dismiss the class-action complaint against the American businesswoman for promoting an alleged “pump and dump” crypto token.

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How The SEC Uncovered A $300 Million Crypto Pyramid Scheme

According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that brought up more than $300 million from millions of retail investors across the globe. The decentralized finance (DeFi) […]

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FCA cracks down on the ads of high-risk assets, but not crypto

British financial watchdog will tighten the guidelines for promoting high-risk products to individual investors.

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