According to an official press release, BlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders. The proceedings began with a vo...
Tag: Allegedly
Binance Market Share Allegedly Hits 77%; Criticism Grows
It is no secret that Binance benefits from FTX’s insolvency. After the second largest exchange in the world went belly up, other exchanges had to divide FTX’s market share among themselves. And that B...
Singapore police allegedly investigate Hodlnaut
It has been claimed that the authorities in Singapore are looking into allegations of cheating and fraud involving the cryptocurrency lender Hodlnaut. There were multiple complaints lodged against the...
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth...
Two Estonians Arrested for Allegedly Running a $575 Million Crypto Fraud
The Estonian police arrested two individuals in the country’s capital Tallinn for their alleged involvement in a $575 million cryptocurrency scam. According to the prosecution, Sergei Potapenko and Iv...
Investor Groups Allegedly Facilitated FTX Scam
Many reactions have emerged in the crypto space due to the FTX fiasco, the latest one is from the Ripple CTO, David Schwartz. The collapse of the FTX crypto exchange dealt a terrible blow to the crypt...
Netherlands man arrested for allegedly laundering money with bitcoin
A man in the Netherlands was arrested for allegedly laundering money using bitcoin. Prosecutors claim there were links to trading on the dark web. The 42-year-old man, from the municipality of M...
Religious employees allegedly fired for not getting COVID-19 vaccine sue Massachusetts pharmaceutical company
Religious employees at a major pharmaceutical company have filed suit in Massachusetts, claiming their employer instructed them to be vaccinated against their beliefs. Norm Pattis, an attorney who rep...
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
Rathnakishore Giri, a 27-year-old investment manager living in New Albany, Ohio, was arrested on Friday on criminal charges for alleging running a cryptocurrency investment scam that raised at least $...
Alameda Allegedly Traded These 18 Tokens on Insider Info Through FTX
Sam Bankman-Fried’s crypto trading firm Alameda Research used insider information to accumulate $60 million in tokens ahead of their eventual listing on FTX, Bankman-Fried’s crypto exchange, according...
Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds
To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. Howeve...
US Congressman says SEC’s Gensler allegedly had dubious ties to FTX, promises investigation
U.S. Congressman Tom Emmer said in a tweet that he had received reports that the SEC chairman Gary Gensler was allegedly helping Sam Bankman-Fried and FTX “work on legal loopholes to obtain a regulat...
BitDAO in disarray after Alameda allegedly dumps BIT- Decoding details
BitDAO [BIT], the token of the Bybit contribution group, dumped as much as 20% in less than two hours after Alameda Research made moves to sell-off its BIT holdings. In an unanticipated tweet, Bybit C...
FTX Allegedly Stops Processing Withdrawals
Alex Dovbnya One of the largest cryptocurrency might have stopped processing withdrawals, according to on-chain data Cryptocurrency exchange FTX has allegedly stopped processing withdrawals. Earlier ...
BitDAO Community Targets Almeda For Allegedly Dumping BIT Tokens
The BitDAO community is one of the most recognized decentralized autonomous organizations – known as DAOs. BitDAO carries out its operations by allocating funds to ensure the constant development of t...
Tyson Foods CFO—And Heir To Family Fortune—Arrested For Allegedly Drunkenly Falling Asleep In Stranger’s Home
Topline John R. Tyson, the CFO of Tyson Foods and an heir to the Tyson family’s multi-billion-dollar fortune, was arrested over the weekend for a drunken incident less than six weeks after his appoint...
Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7%
Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to ...
Binance allegedly filed inadequate financial report in UK – FT
Directors at Dimplx have alleged that Binance’s 2020 annual report for its UK subsidiary was inaccurate as it did not accurately report the nature of the exchange’s business, revenue, assets, and liab...
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March – Bitcoin News
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack pub...
Terraform Labs CEO Allegedly Hoarding New Terra (LUNA) Coin
On-chain records suggest that Terraform Labs CEO and co-founder Do Kwon has been cashing out Terra (LUNA) to a Binance wallet while shilling the new coin on Twitter. According to assistant professor J...
The Ethereum Merge Has Allegedly Affected Bitcoin
Bitcoin has gotten quite a few shakeups in the previous weeks largely due to activity from both Ethereum – the second largest digital currency by market cap and its number one competitor – after the M...
Herschel Walker Allegedly Urged Ex-Girlfriend To Have 2nd Abortion— Latest Scandal To Hit The Senate Candidate
Topline Days after a bombshell report revealed Herschel Walker, a staunch anti-abortion candidate in Georgia’s Senate race, paid for a former girlfriend’s abortion in 2009, the same woman told the New...
South Korea Seeks to Freeze 3,313 Bitcoin Allegedly Linked to Luna Founder Do Kwon – Featured Bitcoin News
South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arr...
Helium Execs and Friends Allegedly Hoarded Majority of Wealth: Report
After reviewing hundreds of leaked internal documents, transaction data, and interviews with five former employees of the $1.2 billion company, which boasted backings from Andreessen Horowitz and Tige...
Crypto Giant Coinbase Facing $350,000,000 Lawsuit for Allegedly Infringing on Technology Patent
Top US crypto exchange Coinbase is facing a lawsuit alleging that the firm has been infringing a patent for a value transfer technology. According to a filing in a Delaware court, Veritaseum Capital i...
$2 Million in Assets Seized From a 23-Year-Old Who Allegedly Defrauding Investors
Aiden Pleterski – a 23-year-old Canadian trader and self-described “Crypto King” – is being sued after allegedly failing to return at least $35 million to his investors. Authorities have already seiz...
Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage fol...