The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC seeks injunctions,…
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The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second…
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How do bot-traded futures work, what are the top tips for success, and what are the common pitfalls to avoid? This explained article reveals all. How popular are trading bots in the crypto market right now? According to TradeSanta, demand for trading bots has increased substantially of late. The latest figures from the platform’s website…
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