Why the CFTC Sued the Former CEO of Crypto Lender Voyager

The CFTC lawsuit against Stephen Ehrlich, ex-CEO of Voyager Digital, underscores increased regulatory oversight in the crypto industry, aiming to protect investors from misleading practices. The post Why the CFTC Sued the Former CEO of Crypto Lender Voyager appeared first on BeInCrypto. дальше »

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Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX

The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda’s financials to present to Genesis lenders. дальше »

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Sam Bankman-Fried (SBF) Trial: Gary Wang Details Alameda Special Privileges

Former FTX CTO reveals special privileges for Alameda, exposes SBF's misleading FTX claims amid $8B shortfall trial. The post Sam Bankman-Fried (SBF) Trial: Gary Wang Details Alameda Special Privileges appeared first on BeInCrypto. дальше »

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False PEPE, JASMY, SUSHI and API3 Withdrawals Generate Misleading On-Chain Signals: Here’s How to Spot Fake Crypto Transactions

Scammers have been conducting fraudulent withdrawals from cryptocurrency exchanges to wallets linked to decentralized finance (DeFi) projects, generating false signals of developer activity. Small Fake Transactions Exploit Blockchain Transparency According to analytics firm Spot On Chain, over the past few days Binance has seen fake withdrawals totaling $193 in value sent to addresses associated with […] The post False PEPE, JASMY, SUSHI and API3 Withdrawals Generate Misleading On-Chain Signals: Here’s How to Spot Fake Crypto Transactions appeared first on CaptainAltcoin. дальше »

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Hong Kong central bank warns crypto firms against misleading bank claims

The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits. дальше »

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Blockchain active users can be misleading metric: Crypto data scientist

0xScope co-founder Philip Torres says it doesn’t take much effort to spin up thousands of blockchain wallet addresses and pump up user metrics. дальше »

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Former Celsius CEO Alex Mashinsky Seeks to Quash U.S. FTC Case

Mashinsky was arrested in June on allegations of misleading investors and manipulating tokens, and also faces parallel actions from multiple regulators дальше »

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UK financial watchdog could give crypto firms until January 2024 for marketing compliance

Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8. дальше »

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Sam Bankman-Fried's Complaints About Discovery Are 'Misleading,' DOJ Says

Federal prosecutors have challenged FTX founder Sam Bankman-Fried’s allegations that prosecutors dumped “millions” of pages worth of potential evidence on the former CEO’s defense team just two months ahead of his criminal trial, a Tuesday court filing shows. дальше »

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DOJ seeks to dismiss star lineup of expert witnesses in Sam Bankman-Fried trial

The U. S. Department of Justice wants the court to disqualify all the expert witnesses of Sam Bankman-Fried, per an Aug. 28 court filing. According to the DOJ, SBF experts’ disclosure filings are insufficient, and their experience is misleading. дальше »

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All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ

All of FTX founder’s Sam Bankman-Fried’s proposed witnesses should be disqualified from testifying because their disclosure filings are insufficient, their experience may be misleading or their planned testimony may not be relevant, prosecutors said in a late Monday filing. дальше »

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Crypto scam targets law personnel; SEC charges accused

The officer faced charges of allegedly orchestrating fraudulent crypto schemes and misleading investors. The accused allegedly incurred substantial losses and misappropriated a significant portThe post Crypto scam targets law personnel; SEC charges accused appeared first on AMBCrypto. дальше »

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Thailand threatens Facebook shutdown over crypto scams

Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent activities on Facebook.… дальше »

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SEC Goes After Crypto Fund For Misleading Investors With Fake Promises

The US Securities and Exchange Commission (SEC) is known for coming down hard on the digital assets industry, including accusing several firms of trading “unregistered securities. ” This time around, the regulator has charged a crypto fund with misleading investors, marking the “first violation of the SEC’s amended marketing rule. дальше »

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Fintech advisor Titan to pay $1m over SEC crypto charges

The US SEC has charged a New York-based investment adviser Titan with misleading disclosures related to client crypto assets. The US Securities and Exchange Commission (SEC) has declared formal charges against Titan Global Capital Management. The basis for these allegations… дальше »

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Crypto Fund Charged By SEC Over Misleading Customers With Promises Of Over 2,000% Returns

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SEC charges Titan Global Capital Management for ‘misleading’ performance metrics

The U. S. Securities and Exchange Commission (SEC) announced today that it has charged New York-based FinTech investment adviser Titan Global Capital Management USA LLC (Titan) with violations related to misleading advertisements and other compliance failures. дальше »

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Australia convicts crypto fintech Helio of misleading license claims

Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio Lending would face… дальше »

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Sotheby’s Added as Defendant in Investors’ Lawsuit Over BAYC NFTs

Sotheby's faces legal action alongside Yuga Labs over BAYC NFTs. Investors allege misleading promotion and manipulation, marking a pivotal case in the NFT space. The post Sotheby’s Added as Defendant in Investors’ Lawsuit Over BAYC NFTs appeared first on NFT News Today. дальше »

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Bored Ape Yacht Club Lawsuit Claims Sotheby’s Misled BAYC Investors

Sotheby's is being sued by Bored Ape Yacht Club Investors who claim the auction house made misleading claims that helped lend legitimacy to the BAYC NFT collection. The post Bored Ape Yacht Club Lawsuit Claims Sotheby’s Misled BAYC Investors appeared first on BeInCrypto. дальше »

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Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign

Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program. дальше »

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Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

The lawsuit alleged that the VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. дальше »

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Matter Labs CEO dismisses Polygon Zero claims of zkSync plagiarism

Matter Labs CEO Alex Gluchowski described Polygon Zero’s allegation that zkSync copied their code without proper attribution as “unfounded, misleading, and extremely disappointing,” according to an Aug. дальше »

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Matter Labs CEO denies copy-pasting code from Polygon Zero

Matter Labs CEO Alex Gluchowski said that the allegations were unfounded, misleading and disappointing.

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Crypto Regulation Or Overreach? SEC’s Warning Draws Mixed Reactions

The US Securities and Exchange Commission (SEC) has issued a dire warning to accounting firms conducting audits in the crypto asset space. In a statement released on July 27, SEC Chief Accountant Paul Munter expressed concerns about the potential for misleading information to be presented to investors through non-audit work, which he argued is not […] дальше »

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As short selling surges & Binance legal issues simmer, is BNB overvalued?

There are curious things happening with BNB, the native token of Binance. Before jumping into it, let me tell a quick story which may help illustrate how misleading certain metrics and data can be in the crypto space. дальше »

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Celsius Founder Alex Mashinsky Pleads Not Guilty, Granted Bail

Alex Mashinsky, the founder and former CEO of Celsius, pleaded not guilty to charges of misleading customers and artificially inflating the CEL token shortly after being arrested on Thursday. Following this, he was released on bail by a US District Judge on a bond of $40 million. дальше »

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US Attorney’s Office announces criminal fraud charges against Alex Mashinsky

Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users. дальше »

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No, Bitcoin Ordinals Do Not Inscribe Data Onto Sats

Whether Ordinal inscriptions are good or bad for Bitcoin, misleading descriptions need to be called out. дальше »

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US lawmakers allege CCP connection in calling for SEC, DOJ investigation of Prometheum

Republican members of Congress stepped up their allegations of Prometheum’s ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC. дальше »

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ZachXBT’s research cited in Canadian NFT rug pull class-action lawsuit

According to court documents, the Boneheads team has been accused of breach of contract, misappropriating funds and misleading investors. дальше »

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Crypto Clash: Gemini And Genesis Owner Barry Silbert Go To Court Over Lost Bitcoin

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7.  The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, misleading, and incomplete” representations and […] дальше »

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Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging 'Fraud'

Gemini and its founders sued Digital Currency Group on Friday alleging that it incurred losses due to DCG's "false, misleading and incomplete representations" tied to DCG subsidiary Genesis' work with Gemini on the crypto company's Earn product. дальше »

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CFTC accuses Celsius of misleading investors, may file a lawsuit 

Investigators at the Commodity Futures Trading Commission (CFTC) have concluded that the now-defunct crypto lending platform had violated U.S. laws by misleading investors and failing to register with the agency before it imploded last year.  Celsius (CEL) Network, a once-popular… дальше »

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UK sets deadline for crypto industry to tackle misleading ads or face severe penalties

In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. дальше »

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Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements

The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements. дальше »

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Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset blames ASX for not providing it with crucial information, while ASX says the claims are misleading.

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Binance.US Initiates Lawsuit, Alleging SEC’s Misleading Statements

A motion has been filed by lawyers representing Binance. US, Binance Holdings Limited (the global exchange), and Binance CEO Changpeng “CZ” Zhao. The motion alleges that the United States Securities and Exchange Commission (SEC) provided misleading statements regarding an ongoing securities lawsuit. дальше »

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Binance Brazil is being investigated for suspected pyramid schemes

Binance has been under fire from regulators in the United States, Australia, the Netherlands, and now Brazil. Binance. US and its legal team have, however, alleged that the SEC issued misleading statements in the lawsuit. дальше »

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Binance accuses SEC of ‘misleading’ statements on exchange assets

Lawyers representing Binance.US, Binance Holdings Limited, and CEO Changpeng “CZ” Zhao have filed a motion alleging that the US Securities and Exchange Commission (SEC) misled the public with statements made in an ongoing securities lawsuit. In a recent filing in… дальше »

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SEC vs. Binance: Regulator Caught Lying and Misleading the Public

In an intriguing twist, Binance accuses the SEC of deception and misleading the public in their ongoing legal wrangle, demanding court intervention for compliance with conduct rules. The post SEC vs. дальше »

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Binance, Binance.US and CZ allege SEC made ‘misleading’ statements on exchange assets

The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets,” despite a court transcript suggesting otherwise. дальше »

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Binance asks court to make SEC comply with rules of conduct after ‘misleading’ press release

Binance-related companies asked courts on June 21 to prevent the U. S. Securities and Exchange Commission (SEC) from making misleading statements. Binance’s filing notes that, on June 17, the companies reached an agreement with the SEC regarding a consent order that dictates how Binance. дальше »

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Canadian Watchdog Warns of Crypto Platforms Using Fictitious Regulatory Certifications

The CSA cautioned against misleading companies and revealed that some businesses falsely refer to themselves as "reliable and trustworthy online trading platforms" based on bogus certifications. дальше »

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FDIC Issues ‘Cease And Desist’ Order To OKCoin Crypto Exchange

In a June 15, 2023 press release, the Federal Deposit Insurance Corporation (FDIC) alleged that the crypto exchange OKCoin USA Inc violated the Federal Deposit Insurance Act by making false and misleading statements regarding its insured status with the FDIC on its website and in a social media post. Through a cease and desist letter, […] дальше »

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After Coinbase, Binance, Kraken and Gemini, Now US Regulator Targets OKCoin

OKX is under scrutiny for misleading customers about FDIC-insured products amid a broader crypto crackdown in the US. The post After Coinbase, Binance, Kraken and Gemini, Now US Regulator Targets OKCoin appeared first on BeInCrypto. дальше »

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FDIC cracks down on misleading insurance claims by OKCoin

The US Federal Deposit Insurance Corp. (FDIC) has taken action against cryptocurrency exchange OKCoin, issuing a cease and desist letter over misleading statements regarding the exchange's insurance status. дальше »

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FDIC orders OKCoin to correct misleading insurance claims

The U. S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about misleading statements regarding its insurance status. In a  June 15 letter, the FDIC alleged that the exchange and its senior executives made false representations stating or suggesting that certain crypto-related products were FDIC-insured. дальше »

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OKCoin Accused by FDIC of Making False Claims About Customer Protections

OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims. дальше »

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Texas regulator says Abra secretly moved funds to Binance, has been insolvent for months

The Texas State Securities Board filed an emergency cease and desist order on June 15 against the cryptocurrency lending firm Abra. In its order, the regulator said, based on its investigations, it found that Abra and related parties committed fraud and made misleading statements. дальше »

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