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ProTraderMark

Aug 2, 2022 02:40

SEC charges 11 people in alleged $300 million crypto Ponzi scheme Forsage

The world outside the quilt is too dangerous
On Monday, the Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting an allegedly fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from investors.
The scheme, called Forsage, claimed to be a decentralized smart contract platform, and it allowed millions of retail investors to enter into transactions vi...

rabitter

Jun 5, 2022 22:44

Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely

Do Kwon is the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month.
Former federal prosecutors and ex-senior counsel for the Securities and Exchange Commission tell CNBC that criminal charges will be hard to prove because prosecutors would have to prove intent to defraud.
But civil penalties, including fines from regulators and lawsuits from bur...

Mcsnacks H Tupack

May 31, 2022 13:31

Crypto has no bailout

Crypto assets are fundamentally different to modern stocks or bonds. They are bearer assets. You are in charge of their safe custody and how you manage that is up to you.Literally no one in the world cares if you lose your Bitcoin so it’s up to you to ensure you have the ability to protect your assets.
If you haven’t done it already, it’s time to review your security. Get a hardware wallet and learn how to use it safely. Decide how you want to spread your assets among exchan...

FiveHundredCents

May 29, 2022 22:19

Rechristened Luna Trades After ‘Airdrop’ to Terra Investors

$Terra (LUNA.CC)$ luna, the new token distributed to investors who saw the value of their cryptocurrencies tied to the Terra blockchain wiped out, has begun trading on digital-asset exchanges.
TerraForm Labs, the developer of the failed blockchain, awarded the tokens in a process referred to as an airdrop to previous holders of Luna and TerraUSD (UST) tokens. The new Luna was trading at about $6.28 per coin, according to price data on Co...

Wwatt

May 12, 2022 12:19

$LUNA/BTC (LUNABTC.CC)$ let's go to the moon 🚀

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