Plaintiff Don Holland has filed a lawsuit against CryptoZoo and Logan Paul, alleging the YouTube influencer’s “fraudulent venture” executed a “rug pull.” CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser’s cryptocurrency via a “fraudulent venture.” In a court…
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The latest report by the crypto security firm CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership. The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over the last couple of months. This type of scam uses…
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A Japanese woman in her eighties was duped out of over $748,000 worth of tokens by a crypto scammer who told her that her bank account was under attack. Kyodo News (via Tokyo Shimbum) reported that the woman was contacted by a “person claiming to be an employee of the ward [local government] offices.” The…
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Attackers hacked into major US online trading platform Robinhood’s social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked…. Read More: Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next Read more…
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The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security. The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of…
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The former FTX CEO says the exchange’s new attorneys are not taking into account customer bank balances Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. FTX US is solvent,…
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The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter…
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More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17…
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The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made…
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