JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop...
Tag: Fraud
“Technology Didn’t Commit Fraud,” Says Circle CEO Jeremy Allaire
“Technology didn’t commit fraud, but firms and people did.” comments Circle CEO. Singapore’s Tharman calls the crypto market “inherently speculative” and “slightly crazy.” ECB’s Villeroy analyzes the ...
Crypto Is a ‘Pet Rock’ and Bitcoin a ‘Hyped-Up Fraud,’ Says JPMorgan CEO Jamie Dimon
Longtime crypto skeptic JPMorgan chief executive Jamie Dimon thinks Bitcoin (BTC) is a ‘hyped-up fraud,’ comparing crypto to pet rocks. In a new interview with CNBC, Dimon says Bitcoin and other digit...
“Bitcoin Is A Hyped-Up Fraud” — JPMorgan CEO Jamie Dimon Asserts ⋆ ZyCrypto
Advertisement     Jamie Dimon, CEO of American multinational financial services company JPMorgan Chase has rubbished Bitcoin, terming the top cryptocurrency as worthle...
FTX Collapse Claims Big Victim: Genesis Goes Bankrupt
Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...
JP Morgan CEO sees bitcoin as fraud
In an interview, Jamie Dimon, CEO of JP Morgan, recently blasted bitcoin (BTC) as a modern-day hoax while praising blockchain technology. The CEO of JP Morgan Chase, Jamie Dimon, has continued to expr...
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company claimed the reason for its actions as a non-applicable ...
Suspects in UK Bitcoin Fraud Had ‘More Money Than They Could Spend’: Lancashire Police
Four people based in the English county of Lancashire were sentenced on Friday for conducting a scheme worth over $24 million involving a glitch in an unnamed Australian crypto exchange. The group re...
Compass Mining Sued For Over $2 Million Over Alleged Fraud
Crypto miner Compass Mining has been sued by its customers for alleged fraud. Customers have demanded over $2 million for the mining firm’s failure to return their equipment. The issue stems from Comp...
JPMorgan CEO Jamie Dimon says Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time’—but blockchain is a ‘deployable’ technology
Despite the ongoing Crypto Winter, Bitcoin supporters are certain that the future for the fledgling industry is bright. And so far this year, they’ve had reason to celebrate. Bitcoin’s price has jumpe...
JPMorgan CEO Dimon Calls Bitcoin a “Hyped-up Fraud”
– Advertisement – According to him, the entire cryptocurrency industry is going to zero eventually. Jamie Dimon, American billionaire and CEO of JPMorgan Chase, has once again swiped at Bi...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...
JPMorgan CEO Says Rates Could Hit 6% And Bitcoin Is “A Hyped Up Fraud”
(Photo by Mark Wilson/Getty Images) Getty Images Key Takeaways JPMorgan CEO Jamie Dimon has given an interview at the World Economic Forum in Davos, Switzerland, and he wasn’t mincing words. He believ...
JPMorgan CEO slams Bitcoin as ‘a hyped-up fraud’ and ‘pet rock’
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has continued to express his disapproval of Bitcoin (BTC) and other cryptocurrencies after he last year compared Bitcoin to a “Ponzi scheme.” During an appea...
Crypto Exchange Bitzlato Founder Collared, Charged With $700 Million Financial Fraud
Federal officials announced on Wednesday that a Russian national who operated a crypto exchange that became a harbor for the proceeds of illegal activities has been arrested. U.S. authorities have col...
Four Jailed For $21 Million Crypto Fraud
Join Our Telegram channel to stay up to date on breaking news coverage Four people linked to the multi-million pound Bitcoin crypto fraud have been jailed, with reports saying they were involved in a ...
Fraud, crime, and the Winklevii force DCG to freeze dividend payouts
Barry Silbert’s Digital Currency Group (DCG) has suspended shareholder payouts as it struggles to ride out a “wave of unprecedented fraud and criminal behavior” plaguing the industry. As reported by C...
Masterminds Behind Massive Bitcoin Fraud Scheme Jailed
Alex Dovbnya Today marks bittersweet victory for victims of massive Bitcoin fraud scheme as four key figures involved in conspiracy were jailed On Tuesday, the Preston Crown Court handed down jail sen...
Fake billionaire Justin Costello could plead guilty in fraud case
A former fugitive accused of falsely telling investors he was a billionaire, a Harvard MBA, and a special forces veteran appears set to plead guilty on Wednesday in connection with an alleged $35 mill...
Two Men in Nigeria Arrested for Crypto Fraud
Two men in Nigeria have been arrested for allegedly taking part in crypto fraud. The pair obtained quite a bit of money by cheating investors and lying to them about their potential returns. Two Arres...
Crypto Fraud Operation Worth Millions of Euro Busted in Serbia, Cyprus, and Bulgaria
Euro just busted a multimillion-euro call center crypto scam. Victims were lured into investing and then deceived. Prevention is better than cure. Wherever finance is involved, some bad actors try ...
U.K. Court Sentences Four for £21m Crypto Fraud
A U.K. court has sentenced four men to 15 years in prison for illicitly obtaining £21 million ($25 million) worth of digital assets through an Australian cryptocurrency exchange. Preston Crown Court b...
Food fraud secretly infiltrates America. Here’s how you can avoid it
The food in your kitchen cabinets may not be what it seems. “I guarantee you any time a product can be passed off as something more expensive, it will be. It’s that simple,” Larry Ol...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
Cryptocurrency Solana Roars Back With Dramatic Price Surge
It’s a real comeback — the return with fanfare of a cryptocurrency that many experts and industry sources gave up almost for dead after the bankruptcy of the empire of Sam Bankman-Fried on...
‘FTX committed Fraud’: Skybridge’s Anthony Sacaramucci
FTX bought a 30% stake in Skybridge in September 2022. Anthony initially refrained from calling them ill names, as it’s a legal term. SBF had pleaded not guilty to all allegations and could face 115...
FTX Collapse: Bankman-Fried Takes On a Powerful Law Firm
Sam Bankman-Fried faces a series of criminal and civil charges, including alleged fraud. The trial of the disgraced founder of cryptocurrency exchange FTX and its sister company Alameda Research, a he...
Remember BitConnect? Victims of $2.4B Fraud To Recoup a Mere $17M.
Victims of the BitConnect fraud, one of the largest cryptocurrency scams ever, are set to recover some of their losses under a court order. The Department of Justice said on Thursday that a federal di...
‘It’s Very Clear Now’ FTX Committed Fraud, Says Hedge Fund CEO Anthony Scaramucci
Skybridge Capital chief executive Anthony Scaramucci is now convinced that collapsed crypto exchange FTX committed wrongdoing. Scaramucci had previously refrained from accusing FTX of crimes, saying h...
Crypto Fraud Network Dismantled by European Agencies
The European Law Enforcement Agencies dismantled a crypto fraud network and seized over $1 million in cryptocurrencies and €50,000 in cash. Recently, the favorite trick of fraudsters has been to lure ...
Europol Seizes $1 Million, Arrests 15 In Massive Call Center Fraud
European authorities detained 15 suspected crypto scam individuals and shuttered a large-scale operation of call center networks that allegedly stole hundreds of millions of euros from victims by sell...