On November 24, the cryptocurrency exchange CoinDCX, which is backed by Coinbase, published its proof-of-reserves in cooperation with Nansen. This came amid an increased desire from cryptocurrency inv...
Tag: 124M
Ormeus Coin promoters charged over $124M crypto fraud
TL;DR Breakdown: The SEC charged Ormeus Coin promoter for defrauding investors of over $124 million. They falsely claimed that the crypto project runs a $250 mining operation that generates at least ...
Siblings charged over mining coin that turned into alleged $124M fraud
A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme. On Mar. 8, the Securities and E...
SEC Charges ‘Snake-Oil Salesmen’ Siblings With $124M Crypto Fraud
In brief Siblings John and JonAntina (Tina) Barksdale ran a cryptocurrency project called Ormeus Coin. But it was a scam, the SEC alleges, and conned investors out of $124 million. The SEC today hit “...
SEC Charges Siblings With Fraud Exceeding $124M
Key Takeaways The SEC has charged John and JonAtina Barksdale with fraud in excess of $124 million for an alleged cryptocurrency scam. The siblings have been accused of misleading and lying to investo...