#bitcoin fraud

[ezrazask]

FTX: Failure of Due Diligence

https://www.ft.com/content/6e912f25-f1b7-4b19-b370-007fbc867246 This close-up look at the breakup of FTX shows so many red flags that we have to ask how Sam Bankman-Fried was able to hoodwink the investment world for so long, especially since many of the red flags were also present in the Madoff Ponzi scheme. It does seem like investors have to re-learn the lessons of previous fiascos every generation.

[allthecanadianpolitics]

It came as a surprise to Shawn Murfitt to learn B.C.'s securities regulator has fined David Smillie a whopping $18.4 million for defrauding customers of his now defunct cryptocurrency exchange. Murfitt — who lives in the Ottawa area — has spent three years and hundreds of dollars trying to recover just a fraction of that amount from Smillie with little to show for his efforts but a moral victory and a default order from a B.C. small claims court for $31,524.39.

Continue reading

Tagging: @newsfromstolenland

[newsusadaily]

Amanda Holden and Alan Carr blasted for 'painful' and 'embarrassing' Royal Variety Performance set: 'Hit rock bottom!'

See more......

[avandelay20]

Shocking! This just in: A Ponzi scheme (e.g. Crypto) was found to be duping Americans out of billions of dollars!

To which the rest of the world responded: "wah wah wah waaahh"

[cryptonewscentral]

🚨 The Collapse of Ponzi Towers! 🏗️💥 From greed-driven schemes to devastating losses, the history of crypto is littered with scams that brought down even the most confident investors. 💸 Learn about the 12 biggest crypto scams and how to protect yourself from the next one! 🛡️

💻 Click the link to dive into the history and safeguard your investments! 🔍

[darkmasterplan]

The New York Times: Sam Bankman-Fried to Be Sent to Jail After Judge Revokes Bail

[cryptorecoveryservice]

Liquidity mining (or pig butchering) scams often start with a wrong number text, going on to draw you into a fake investment platform. If this matches what you've experienced so far, you may be in the scam. The scam works by getting you to authorize a smart contract with an infinite allowance (i.e. allowed to take all funds in your account. You can check for such contracts and revoke them by following instructions from the cryptocurrency platform you are using for your wallet. Note: do not ask the scammers for directions on this. My advice is to withdraw your money from the scam site if possible, transfer your money out of the wallet, cut contact, and contact law enforcement. If you confront the scammers about being unable to withdraw the money, they may guilt trip you into paying more fees to do that, for example asking for money to pay "taxes" and offering to cover a part of your expenses.Report the scammer. If you’ve been scammed, you absolutely no need to to blame yourself anyone can get scammed even top traders have gotten their crypto stolen or lost at one point. Send a direct message to our email Cryptorecoveryservice@outlook.com to recover back your funds.

[emperornorton47]

[newsbites]

The B.C. Securities Commission says a now-defunct cryptocurrency platform based in Nanaimo on Vancouver Island committed a multimillion-dollar securities fraud involving various digital currencies.

In a notice of hearing issued last month, the commission says David Smillie and his numbered company, which did business as ezBtc, lied to customers about its crypto asset trading platform.

The commission says Smillie and the company diverted about $13 million worth of bitcoin and ether, another cryptocurrency, to two online gambling sites without authorization.

The regulator says the company was dissolved in October 2022, but between 2016 and 2019 customers transferred 2,300 bitcoin and 600 ether tokens into wallets hosted by the platform.

[suujatan]

That's terrifying

spam emails are horrifying on an entirely different level once you actually begin to grapple with the material reality of ‘cyberspace’. how many servers were involved in dumping this message into my trash folder, where are they located, how much water goes into cooling them every day? where did the metals come from to build these facilities, who maintains them, how much labour and suffering and exploitation is required to bombard me with 50 messages a day i don’t even look at for products i will never buy? not just useless or a nuisance, but actively harming the earth & its people, and for what. zero social value, zero human communication, just capital trying to metastasise

[lionsgatenetwork]

Cryptocurrency introduced a whole new dimension of chances, likely turning human captivity into an unknown one. The advent of crypto-backed ransom and ransomware is a form of cybercrime. Faced with possible hackers demanding ransom in crypto assets, the possibility of victims becoming victims is glaring. This guide offers actionable insight into the recovery of cryptocurrency ransoms and how to recover stolen crypto assets, reverse bitcoin fraud, and protect from falling victim to crypto phishing scams.

[firstnews11]

Miami Dolphins wide receiver Grant DuBose taken to hospital after hard hit to head

[todayworldnews2k21]

Two Hyderabad women, including a student, duped of ₹4.33 lakh

Two women from Hyderabad joined the list of cyber fraud victims after being duped of ₹4.33 lakh in two separate cases. In the first instance, a 21-year-old female student, in the hope of getting high returns on investment, lost ₹1.90 lakh to cyber fraudsters. According to the police, the student received a WhatsApp message regarding an online Google rating task. She was asked to join a Telegram…

[ethiack]

The Fake Genius: a $30 BILLION Fraud.

Sam Bankman-Fried (SBF) was supposed to be a billionaire genius running the world's largest Crypto exchange: FTX. In only a few weeks, his $32B empire crumbled, leading to his arrest. In this video, we unravel one of the decade's most significant cases of financial fraud.

UPDATE: SAM BANKMAN-FRIED FOUND GUILTY OF ALL COUNTS OF FRAUD AND CONSPIRACY, after a month-long trial.

[sspacegodd]

SUGGESTION #147

[uniqueeval]

Bankman-Fried accomplice Caroline Ellison sentenced in FTX fraud

Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison term was significantly stiffer than the recommendation…