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FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud
4 days ago
Btcnews99
Btcnews99
followers

🚨🚀INCREASE OF INDIA'S CRYPTO FRAUD India and the Rise of Online Fraud India is facing a rising amount of cybercrimes, which is making the country's fight against crypto fraud more intense. In a single month, the state of Odisha experienced two noteworthy cryptocurrency frauds; the nation's capital was not immune, however, as an engineer fell victim to a similar scheme. The aforementioned occurrences have brought to light the susceptibility of Indian investors, especially those who are inexperienced and easily fooled. This is mostly because of the absence of regulations, inadequate knowledge, and widespread ignorance about digital media. The number of victims of these frauds, which include impersonating government officials, has noticeably increased, according to the cybercrime police. An Additional Facet of Cyberthreats According to blockchain specialists at Cyvers, the emergence of creative phishing schemes has coincided with the increase of cryptocurrency fraud in India. They have discovered a fresh fraud that preys on Ethereum (ETH) users, in which con artists transfer real ETH to prospective victims. Address poisoning is a strategy used to fool consumers into accidentally copying a scammer's address and sending money there. The scam is complex in that it uses fictitious Tether (USDT) transactions in addition to actual ETH transactions to further entice victims. A victim of this fraud lost $47,600, which highlights how serious this problem is. #Write2Earn #BTC #Ethereum(ETH) #btcnews99 #TrendingTopic

7 days ago
ZyCrypto
ZyCrypto
followers

The presiding judge in a lawsuit playing out in the U.S. District Court for the Southern District of New York between the Securities and Exchange Commission and Terraform Labs — creator of the ill-fated UST and Luna cryptocurrencies — is progressing with new pretrial deadlines that have been set. This comes as a court in the tiny Balkan nation of Montenegro ruled that it will honor the U.S. prosecution’s request to deport Terraform Labs co-founder and former CEO Do Kwon to face criminal fraud charges. SEC v. Terra: Pretrial Deadline Set Judge Jed Rakoff has signed an order granting the proposed order setting pretrial deadlines. The legal teams for the SEC and Terra attorneys have until March 11 to submit final oppositions to motions, depositions, and counter-designations. The two parties have agreed to a trial postponement to March 25. Notably, the district judge has ordered the regulator and Terra to serve any new motions in limine on or before Feb. 26, 2024. More crucially, Judge Rakoff instructed the two parties to jointly file a proposed Pretrial Consent Order no later than March 18. “The SEC shall provide to defense counsel draft(s) of the joint sections of the proposed Pretrial Consent Order on or before March 8, and the Defendants shall respond to the SEC’s draft(s) within five days of receipt,” the court filing reads. Alleged Crypto Crook Do Kwon Headed To U.S. Judge Rakoff’s order comes amid news that Montenegro has decided to extradite fallen crypto star Do Kwon to the United States rather than to his native South Korea. According to a Wednesday report from Montenegrin news outlet Pobjeda, the High Court of Podgorica made the decision to deport Kwon to the U.S. and rejected South Korea’s request to extradite him. The extradition decision followed an appeal by Kwon’s defense attorneys, contending that Montenegro’s Justice Minister Andrej Milovic had the final say regarding which country would extradite the South Korean crypto mogul — a claim the high court rebuffed. The Terraform co-founder was arrested in Montenegro last March while trying to travel to Dubai on a falsified passport, after which he was found guilty and sentenced to four months in jail. Kwon is under indictment in his home country because of the notorious depegging of Terraform Labs’ algorithmic stablecoin UST in May 2022, which sank the crypto market into a deep winter and forced several crypto projects with exposure to the project to declare bankruptcy. The U.S. SEC’s lawsuit against Terra and Kwon accuses them of “orchestrating a multi-billion dollar crypto asset securities fraud.” That means the disgraced crypto tycoon could also be on the hook for disgorgement and multi-million dollar penalties.

3 days ago
CryptoFlashFeed
CryptoFlashFeed
followers

📢 Former FTX CEO Sam Bankman-Fried, convicted of fraud and conspiracy, has replaced his trial attorneys with Marc Mukasey, who also represents former Celsius CEO Alex Mashinsky. Bankman-Fried is set to be sentenced in late March, while Mashinsky faces trial this fall on charges of securities fraud, commodities fraud, and conspiracy to manipulate the price of CEL token. The two former crypto executives share potential conflicts of interest, as Celsius had worked with FTX and Alameda Research before both companies went bankrupt. What do you think of this legal shake-up? Share your thoughts in the comments! 💭

4 days ago
Todayq News
Todayq News
followers

Bitcoin (BTC), the original crypto, received a heavy backlash from the European Central Bank (ECB), while, it received a spot Exchange-Traded Fund (ETF) approval in the United States. An ECB blog suggests that Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation. Bitcoin faces backlash The US Securities and Exchange Commission (SEC) approved ETFs for Bitcoin on January 10 sparking optimism in the market. However, the ECB warns against viewing this assent as proof of Bitcoin’s safety and unstoppable success. The Central Bank suggests that Bitcoin’s fair value remains zero despite the ongoing surge. According to the blog, society faces potentially dire consequences due to this. This includes environmental damage and wealth redistribution. The Europen regulators highlighted that Bitcoin has failed to fulfill its original promise of becoming a global decentralized digital currency. It points out that BTC transactions are still inconvenient, slow, and costly.  ECB raised a crucial issue of regulatory efforts to curb criminal activities on the Bitcoin network. However, this also proved to be unsuccessful. The authority underlined that Bitcoin is not a suitable investment as it lacks the essential characteristics of traditional assets.  This is because BTC doesn’t generate cash flow, dividends, or offer social benefits. The blog calls it the allure for retail investors that often stems from the fear of missing out (FOMO). It exposes them to potential financial losses. BTC on its way up? Bitcoin has come a long way from trading around the $16,000 price level in January 2023 to breaching the $52,000 level in February 2024. BTC price is up by around 113% over the last year. The biggest crypto is up by another 28% in the last 30 days. BTC is trading at an average price of $51,625, at the press time. However, Bitcoin is aiming to hit a new all time high (ATH). Its 24 hour trading volume stands at around $29 billion. Bitcoin is nearing its major halving event. Meanwhile, the ECB seems to have a problem regarding BTC’s proof-of-work mining mechanism. The regulator mentions that it continues to have an environmental impact. Higher Bitcoin prices are correlated with increased energy consumption, as miners seek to cover higher operational costs. The ECB further warns of a renewed boom-bust cycle. It cautioned small investors from re-entering the crypto market. However, the cumulative crypto market cap is nearing to reclaim $2 trillion mark with a bullish momentum. Get Premium Crypto Trading Signals from Real Crypto Analysts. Join our official Waiting List at todayq.com.

3 days ago
Coinpedia
Coinpedia
followers

The post Do Kwon to Be Extradited to U.S. Over TerraUSD Collapse, Montenegro Court Rules appeared first on Coinpedia Fintech News In a recent development reported by the Wall Street Journal on February 22, 2024, the court in Montenegro has ruled that the infamous cryptocurrency entrepreneur Do Kwon should be extradited to the U.S. to face trial on fraud charges, rejecting his native South Korea as the extradition location. Details of the Extradition Ruling in Montenegro The High Court in Podgorica, Montenegro, delivered a ruling compelling Do Kwon’s extradition to the U.S., a decision now subject to a three-day appeal period by Kwon’s legal team. This ruling follows Kwon’s arrest in March 2023 at the Podgorica airport, attempting to board a private jet to Dubai with a fake Costa Rican passport. The U.S. Department of Justice charged Do Kwon with eight criminal counts of fraud, alleging that he misrepresented and misled investors into believing TerraUSD’s stability. The Securities and Exchange Commission also filed a civil case against Do Kwon and Terraform Labs over securities fraud related to the collapse.  In addition to U.S. charges, South Korean prosecutors have sought Kwon for alleged violations of the country’s capital markets laws. Kwon’s arrest warrant in South Korea dates back to September 2022. The Montenegrin court’s decision potentially positions Kwon to face the SEC’s fraud lawsuit, with the trial set to commence on March 25. Terraform Labs CFO Extradited A related development took place two weeks ago, on February 5, such that Han Chang-joon, former CFO of Terraform Labs, along with Do Kwon, was extradited to South Korea by Montenegrin authorities. Arrested in March 2023, they received a four-month sentence in Montenegro. Han Chang-joon now faces potential life imprisonment in South Korea.  Both the U.S. and South Korea seek Kwon’s prosecution for charges linked to the May 2022 collapse of TerraUSD and Luna, causing a staggering $40 billion loss in the crypto market, impacting investors and traders globally. Kwon, who created TerraUSD and Luna, faces eight criminal counts of fraud, as detailed by federal prosecutors in New York. 

4 days ago
CaptainAltcoin
CaptainAltcoin
followers

Solana (SOL) has been having a decent time this month, with some major gains – even more so than some other tokens. On top of that, there may be even more gains in sight for the crypto asset. However, there are some tokens that are overshadowing SOL because they are even more lucrative. The two tokens in question are Bitcoin Minetrix (BTCMTX) and Smog (SMOG), which have the potential for significant growth. We give you all the details on these projects here. Solana Price Prediction: Major Gains Coming In? According to the technical analysis on the weekly time frame, SOL reached its highest point of $126 in 2023, but then declined. The drop reached its lowest point of $79 in January 2024. Since then, the SOL price has risen, forming consecutive positive weekly candlesticks. It hit a peak of $119 on February 14, 2024. The weekly Relative Strength Index (RSI) also shows a negative sign. Market traders use the RSI to measure the momentum of the price and to determine if it is overbought or oversold. They use this information to decide when to buy or sell an asset. If the RSI is above 50 and rising, it means that the bulls have more power, while if it is below 50 and falling, it means the opposite. However, the indicator is also showing a bearish divergence (green trend line), which is a common signal of a downward trend. Bitcoin Minetrix Has A Great Future Ahead of It Bitcoin Minetrix (BTCMTX) is a remarkable tokenized cloud mining platform, known for its efficiency and easy-to-use interface. The project has built a solid reputation by ensuring security and transparency. Users can conveniently get and stake BTCMTX tokens within the platform’s ecosystem, using user-friendly wallets like MetaMask, which are smoothly integrated with Ethereum. Bitcoin mining has usually been difficult for the average person. However, this platform and its token make it possible for anyone who wants to mine the most popular cryptocurrency in the world. This method improves accessibility, allowing investors to stake BTCMTX and get credits for more BTC mining. It also solves the problem of cloud mining reliability and reduces the chance of fraud in the industry. The project has many advantages, such as low startup costs, a safe and simple user interface, and an easy onboarding process. The process consists of buying tokens, choosing the buy-and-stake option, and then getting rewards in Bitcoin. The team has clearly defined an initial roadmap, showing a smart view on the project’s development. After the presale, their main objectives are to get listings on exchanges, start a full-scale marketing campaign, and begin the creation of desktop and mobile apps, which will need more team members. Ongoing talks with trustworthy cloud mining companies show great potential for significant growth, with an emphasis on creating the stake-to-mine contract. The next stage will concentrate on launching stake-to-mine desktop and mobile dashboards and enabling the first Bitcoin withdrawals to wallets. Future plans include adding the feature to exchange mining credits for hash power. The team’s top priorities going forward are marketing activities, possible expansion into cloud mining rentals, and other strategic business operations. Bitcoin Minetrix has reached impressive achievements during its presale, with the BTCMTX token currently worth $0.0136, raising almost $11.3 million. BTCMTX tokens can be bought through credit card transactions, ETH, USDT, and BNB. Also, a tempting Gleam contest offers a $30,000 mine drop reward. Smog (SMOG) Is A Meme Coin That Will Revolutionize The Niche We won’t hesitate to say it: Smog (SMOG) could be one of the biggest meme coins of all time. This Solana-based meme coin has rapidly gained popularity on decentralized exchanges (DEXs), reaching a $2 million market cap on Jupiter. The upcoming airdrop suggests the possibility of huge growth, and the staking option gives an APY of 42%. Do remember that meme coins are always vying for the crown of the fastest growing crypto tokens. This trend has been very clear in the last year, with many meme coins consistently beating the wider market. This trend is likely to persist in the future, with the meme coin niche staying one of the most lively and efficient in terms of producing returns. SMOG is following the footsteps of successful predecessors like Bonk and Myro, which have experienced amazing growth. Notably, SMOG’s DEX trading volumes have lately exceeded those of Uniswap. With its impressive growth, SMOG has the chance to outdo the accomplishments of SPONGE, which saw a 50x increase from $2 million to $100 million. SMOG is certainly one of the most attractive cryptocurrencies to invest in right now, with the upcoming airdrop possibly boosting it to become the top meme coin of 2024. Conclusion Solana (SOL) may have some upward momentum, but Bitcoin Minetrix (BTCMTX) and Smog (SMOG) are set to grow even further this year. We highly recommend keeping an eye on these tokens, joining their presales, and following their social media channels to keep up with the latest news. Check Out Smog Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content. The post Solana (SOL) Price Prediction: Positive Outlook, But Potential Gains Overshadowed By These Two Lucrative Tokens appeared first on CaptainAltcoin.

3 days ago
The Cryptonomist
The Cryptonomist
followers

In a saga that has captured the attention of the global financial community, Do Kwon, co-founder of the Terra-Luna crypto ecosystem, finds himself at the center of a legal storm as he faces extradition to the United States.  According to local media reports, the High Court of Podgorica, in Montenegro, has decided to extradite Kwon to the United States, rejecting the extradition request from South Korea.  The decision comes following accusations of fraud and financial misconduct related to losses suffered by US investors linked to an algorithmic stablecoin. The co-founder of the Terra-Luna crypto system is in a real legal storm  At the end of last year, a court in Podgorica had initially approved Kwon’s extradition. His journey through the legal system began when he was arrested in Montenegro in March 2023 for attempting to use a counterfeit passport to leave the country.  Initially, Kwon had agreed to be extradited to South Korea. However, subsequent developments have led to a change in his legal trajectory. In June, a court in Montenegro sentenced Kwon to four months in prison after finding him guilty of document forgery in relation to the use of a counterfeit passport.  Despite the appeal to the court’s decision, Kwon’s efforts were unsuccessful and he was ultimately sentenced to serve a prison term. The extradition decision marks a significant development in Kwon’s legal issues.  With civil charges from the Securities and Exchange Commission (SEC), Kwon and Terraform Labs are accused of raising billions from investors through the offering and sale of a interconnected series of cryptocurrency securities, many of which allegedly were conducted in unregistered transactions. The imminent extradition comes after the delays of the jury trial for fraud charges, originally scheduled for January 29 but then postponed to the end of March.  The legal representative of Do Kwon cited difficulties in facilitating his client’s release from Montenegro as the reason for the postponement of the trial. The charges against Kwon and Terraform Labs highlight the complexities and challenges surrounding the regulation of cryptocurrency markets and digital assets. As the popularity and adoption of cryptocurrencies continue to grow, regulatory authorities around the world are grappling with how to effectively supervise these rapidly evolving financial instruments. According to Kwon, the extradition to the United States represents a crucial moment in his legal battle, with potential far-reaching implications both for himself and for the cryptocurrency sector in general. The outcome of the trial and any subsequent legal proceedings could shape the regulatory landscape surrounding digital assets and influence investors’ confidence in the sector. The intensification of controls in the crypto world In recent years, governments and regulatory bodies have increased scrutiny on cryptocurrency projects and their founders, especially regarding issues such as fraud, market manipulation, and compliance with securities laws.  The case of Do Kwon highlights the importance of supervision and enforcement of regulations to safeguard investors and maintain the integrity of financial markets. According to Terraform Labs, the legal proceedings involving its co-founder have undoubtedly cast a shadow on the company’s operations and reputation.  Terraform Labs, one of the leading players in the cryptocurrency sector, has been at the forefront of innovation in blockchain technology and decentralized finance. However, the accusations against Kwon and the company have raised doubts about compliance practices and risk management procedures. The outcome of Kwon’s extradition and the subsequent trial will be closely followed by industry operators, legal experts, and regulatory authorities.  Beyond the immediate implications for Terraform Labs and its co-founder, the case could set legal precedents and influence regulatory approaches to cryptocurrencies in the years to come. As the cryptocurrency market continues to evolve and mature, stakeholders must work collaboratively to address regulatory challenges and promote responsible innovation.  Reaching a balance between promoting innovation and protecting investors will be crucial in shaping the future of digital finance and ensuring its long-term sustainability. Conclusions In the case of Do Kwon, the journey from Montenegro to the United States marks a crucial chapter in a legal saga that has captured the attention of the global financial community.  With the eyes of the world focused on him, Kwon’s extradition and trial represent much more than the fate of a single individual: they symbolize the broader challenges and opportunities that the thriving cryptocurrency sector must face in an increasingly interconnected and regulated world. In conclusion, the extradition to the United States of Do Kwon, co-founder of Terraform Labs, represents a significant step in a legal saga that has reverberated throughout the global cryptocurrency community.  Between allegations of fraud and misconduct, Kwon’s journey from Montenegro to the United States highlights the complexities and challenges inherent in regulating the rapidly evolving landscape of digital assets. While governments and regulatory bodies are grappling with the regulation of cryptocurrencies, Kwon’s case serves as a reminder of the importance of strong surveillance and enforcement mechanisms to protect investors and maintain market integrity.  The outcome of Kwon’s trial and any subsequent legal proceedings will have far-reaching implications, shaping not only the future of Terraform Labs but also influencing regulatory approaches to cryptocurrencies worldwide. In the future, stakeholders will need to collaborate to find a balance between promoting innovation and safeguarding against fraudulent activities in the cryptocurrency space.  Facing regulatory challenges and promoting responsible innovation, the sector can continue to thrive and evolve in a way that is beneficial both for investors and for the broader financial ecosystem.

4 days ago
Insight财经
Insight财经
followers

Bitcoin has repeated corrections, the Federal Reserve is hawkish, WLD is gradually reducing its positions, Ethena and Mode airdrops are worthy of attention, and Ethereum may reach $10,000 by the end of the year. The Fed minutes were hawkish, and Bitcoin was dragged down. Similar to previous market corrections, the fundamentals have not changed and Bitcoin remains bullish. Federal Reserve meeting minutes: Policy interest rates may have reached the peak of this cycle, and most officials noted the risk of cutting interest rates too quickly. https://gostake.io/resource/breakingnews/e32338d62c29944a8995c880ad7399f0 Arthur Hayes: The importance of narrative in the crypto market often exceeds the technology itself, and altcoins are being watched https://gostake.io/resource/news/ca6e208cfbe1834b864611be4e4b5fad Whether it is a bull market or a bear market, currency prices are driven by narratives. After the narrative comes out, we should exit with profits. So WLD should appear. The Sora narrative has come out, and the question is how long it will burn. After the heat burning is over, the old iron who is currently entering the game will be trapped on the top of the mountain. WLD's fully diluted market value exceeds OpenAI's https://gostake.io/resource/news/84cb1b6fe6fdab0e963cf4734fde02df Metis is a cliche, but when the decentralized sorter was launched, the coin went up. Metis: MetisEDF will allocate 4.6 million METIS to support the ecosystem https://gostake.io/resource/news/ad9d0fbee719dcb95772a05c9014d494 Ethena and MODE are both good, and they are the two most noteworthy projects among the new project airdrops. [Ethena has raised the cap of the USDe pool to US$100 million] On February 22, according to official news, USDe developer Ethena Labs announced that it had raised the cap of the USDe pool to US$100 million. The current TVL of the pool is US$66.25 million. Mode goes online on Layer 3 network Mode Flare https://gostake.io/resource/news/44d9ebec1c37dfb2f66d7b1b974b288a In this bull market we could see Ethereum reach $10,000. [Coinbase elaborates on three major reasons for recommending that the SEC approves the Grayscale Spot Ethereum ETF] Insight Finance reported that Coinbase today responded to the SEC’s request for comment on the conversion of Grayscale Ethereum Trust (ETHE) to a spot ETF. Page's comment letter provides legal, technical and economic reasons why the SEC should approve: 1)ETH is not a security. In fact, before and after the merger, the SEC, CFTC and the market no longer regarded ETH as a security, but as a commodity. 2) ETH’s proof of equity has obviously strong governance capabilities and shows strong characteristics in terms of ownership concentration, consensus, liquidity and governance, thus reducing the risk of fraud and manipulation. 3) The economics show that ETH is as resilient as BTC in meeting the committee’s ETP approval criteria. Coinbase said it is committed to urging the SEC to make informed regulatory decisions in the rapidly evolving cryptocurrency environment, support innovation and cultivate a transparent, secure and inclusive financial ecosystem through continued dialogue and research. https://gostake.io/resource/news/9b8aa0b08cdb489eb9f50ea46a2d263e

4 days ago
Learn to earn
Learn to earn
followers

$ $STRK Many have raised concerns about STRK coin, tagging it as a potential scam or fraud. 🚫 C ⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡ 👉offer for you .open my first pinned post and get up to 5 USDT random click my profile pic to open🔥 🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️🕳️ ☀️ It's typical for a coin's value to dip after an airdrop as recipients sell off tokens. ⭐️ The choice is ours—whether to buy at high prices or put all funds in one coin. ☀️ Many crypto projects end up being scams or pump-and-dumps, designed to profit from investors. Use discernment in your choices. I recommend coins with a market cap below $25 million. 🌟 For STRK's future, two scenarios: 🌀 1. Price may rise to $2.60. 🌀 2. Price could drop to $1 or $0.50, given its high market cap. ☀️ Patience is key post-airdrops. Avoid panic selling; Dollar-Cost Averaging (DCA) is a sensible strategy. ⭐️ Rumors circulate about STRK being an Israeli project, suggesting selling at a loss, but decide independently. ⚡ If not invested, hold back due to high prices. If already invested, resist panic selling. Hold for 1 or 2 weeks before reassessing. Thank you. 💼 $XRP $SOL $btc #Write2Earn #TrendingTopic #strk #RNDR #BTC

4 days ago
AZCoinNews
AZCoinNews
followers

The High Court in Podgorica has decided to extradite Do Kwon, the former CEO of Terraform Labs, to the United States, where he faces charges of securities fraud, commodities fraud, wire fraud, and conspiracy. The court rejected South Korea’s request to extradite the so-called ‘crypto king’, who is accused of orchestrating a multi-billion dollar crypto asset scam that crashed the TerraUSD and Luna tokens in May 2022. The court’s decision came after the Appellate Court ordered the High Court to choose between the two countries that sought Do Kwon’s extradition. The High Court had previously confirmed that the conditions for extradition were met, but left the final decision to the Minister of Justice, Andrej Milovic. However, the Appellate Court pointed out that the Minister of Justice only decides in regular extradition procedures, and that Do Kwon had agreed to be extradited in a shortened procedure to the countries that requested his extradition. Do Kwon Do Kwon’s lawyer, Goran Rodic, had argued that his client should be extradited to South Korea rather than the United States, based on legal reasons. He said that the European Convention on Extradition, the bilateral agreement with the US, and the Montenegrin Law on International Legal Assistance all indicated that Do Kwon should be extradited to South Korea, when such a decision was made. On the other hand, Minister of Justice Andrej Milovic, commenting on whether Do Kwon should be extradited to South Korea or the US, said that it was a political decision. “The US is our main foreign policy partner, we want to sign a bilateral extradition agreement as soon as possible, in order to create a legal framework for future extraditions,” he said at the time. Do Kwon and his associate, Han Chang-joon, were arrested on March 23, 2023, at Podgorica Airport, where they tried to fly to Dubai with fake passports of Costa Rica. During the search, the police also found travel documents of Belgium. During the court proceedings before the Basic Court in Podgorica for falsifying documents, the Koreans claimed that they had traveled the world with passports of Costa Rica and Belgium, which they had obtained through an agency in Singapore, and that they did not doubt their authenticity. Do Kwon also said that, a few days after they received the passports of Belgium, he and his associate saw that the names and dates of birth in the passports were wrong and that they did not use them for that reason. “We did not suspect that such a mistake could happen, so we did not check the passports during the handover. When we applied for a passport of Belgium, we also applied for passports of Grenada, that request was rejected, while our request for a passport of Costa Rica was approved, as a result of which we built a relationship of trust with this agency,” Do Kwon said. Han Chang-joon was extradited to South Korea 10 days ago. Source: https://azcoinnews.com/montenegro-to-extradite-crypto-king-do-kwon-to-the-us.html

4 days ago
CoinsRadar_Net_币市雷达
CoinsRadar_Net_币市雷达
followers

A quick look at the popular currency circles in 3 hours (from CoinsRadar.net): Can’t a case be filed if coins are stolen in the currency circle or u is deceived? Recently, the battalion commander has received many consultations about cases of people being cheated in the currency circle. What was cheated was not money, but virtual currency assets, most of which were U. As for how they were cheated, I did not ask about the specific process of being cheated. We don’t know the reason. Generally speaking, the reason is that many novices in the currency circle have insufficient awareness and precautions, which leads to them being deceived. Many people were deceived and reported the crime. The police said that buying and selling virtual currencies was illegal and they could not file a case. Regardless of you, the virtual assets they lost would be gone. Many people chose to tolerate it and finally let it go. After spending several years in the cryptocurrency industry, I have seen many people lose their virtual currency assets due to being cheated, stolen or stolen, and some people have suffered considerable losses. Many cases clearly meet criminal criteria, but strangely, few victims successfully file cases and receive legal redress. I think the problem lies largely in the biases and stereotypes in law enforcement practice regarding the legal understanding of this area. First of all, whether it is a crime such as fraud, theft, or embezzlement depends on whether virtual currency or cryptoassets are legally considered "property". There is no doubt about this, because although it is an intangible asset, owning and controlling it means being able to obtain benefits. The People's Bank of China made it clear in its 2018 Financial Stability Report: Cryptoassets are a type of private financial assets. Secondly, the normative documents describing crypto-assets as virtual commodities have not yet been revoked, and there are no legal provisions that explicitly state that crypto-assets are illegal. Although these arguments are valid, they may not convince the authorities to open a case. But don't be discouraged, we live in a country ruled by law, and the law is our powerful weapon. The "Criminal Procedure Law" and the "Procedural Regulations of Public Security Organs in Handling Criminal Cases" give you the right to obtain a "Receipt of Case Acceptance" and a "Decision to Open or Not to Open a Case." If you do not meet the conditions for filing a case, you should be notified in writing according to legal provisions. Even if you receive a notice not to file a case, you still have the right to apply for reconsideration to your superior. If the reconsideration result is not satisfactory, you can also apply to the procuratorate for legal supervision. If these steps fail to successfully protect your rights, it is recommended to seek professional help. After all, once you lose a huge amount, it is necessary to find a way to protect your rights and interests. But many people who consult think that they can help them unconditionally. What are you thinking? Professional people do professional things. It is only natural that you pay for my services. Those who want to have sex for free should not come here. However, I suggest that if you want to make money in a certain field, you must first learn basic knowledge, learn more and read more, and don’t watch some master online teaching you how to make money, move bricks, etc. Either it's eye-catching, or the project is outdated and it's your turn. Don't be cut into leeks. And cause yourself a lot of trouble. Today’s academic discussion is over. We only discuss the issue of infertility. 😍Follow me! Get news faster!

4 days ago
iamcryptoprince
iamcryptoprince
followers

Mostly people are saying strk coin is scam/fraud etc.everyone knows whenever a coin launches with airdrop it goes down beacuse they sell it.whats new?its always our fault to buy on high prices or to put all investment in 1 coin.many crypto projects are scam/pump and dump project ofcouse.they are not here to make you rich,they are here to earn from you.it depends on your talent that you give money or take.i always say only buy coins which have marketcap below 25 million!What now?there are 2 scenarios now which can happen.1= price may go up from this point to 2.602= price may go down to 1$ or 0.50 because its not a big deal for it.marketcap is too highin my opinion.give it some time to get stable from airdrops.dont panic sell on loss because you can recover it even if it goes to 0.50 . DCA is perfect solution.you have to just wait.some people are saying its an israeli project so sell all your coins on loss (because they ll be the one to buy it from bottom) dont be fooled by them.make your own choice before buying a coin.not after!if you dont have this coin.dont buy because it too high.if bought already then dont panic sell,wait and hold atleast 1 or 2 weeks.thats all!thank you #TrendingTopic #Write2Earn #iamcryptoprince

4 days ago
The Cryptonomist
The Cryptonomist
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Polygon (MATIC) seems to be showing some negative performance compared to its crypto rivals. In the last 12 months, in fact, MATIC is down -32%, while other layer-2 coins rivals, such as IMX, OP and SKL are all up in price. Polygon (MATIC) and its negative performance compared to rival layer-2 cryptos According to what observed, it seems that Polygon (MATIC) is showing a rather negative price performance compared to its rival layer-2 cryptos. And indeed, the price chart of MATIC shows a dump of -32% in the last 12 months. At the time of writing, MATIC is worth $0.95, compared to $1.38 a year ago.  As is well known, Polygon is the layer-2 of Ethereum, known for its low costs and higher scalability compared to Ethereum’s main blockchain. However, some argue that the crypto MATIC was overvalued during the 2021 bull run and that these are the real results.  Not only that, compared to Polygon, there are also other layer-2 cryptos that seem to be experiencing price pumps in the last 12 months. An example is the cryptos IMX, OP, and SKL, which have increased by +216%, +46%, and +50% respectively. MATIC, which remains in 14th place for market capitalization, is not even following the general trend of cryptocurrencies anymore. In fact, the price of Bitcoin (BTC) is now up +108% compared to a year ago, and Ethereum (ETH) itself is up +75%.  Polygon (MATIC): the crypto loses market share and interest compared to its 2021 The loss of interest in Polygon by traders compared to the trend of 2021, could be based on the effect of the Ethereum Dencun update, scheduled for March 12th. This upgrade favors ZK-rollup technology, but will not allow Polygon to reduce costs, unlike the other L2 solutions Arbitrum and Optimism.  In this regard, Katie Talati, research director at the digital asset management company Arca, emphasized the reasons why Polygon is underperforming: The upcoming Ethereum Dencun update will reduce costs for Layer 2 to send data to the Ethereum mainnet. Although Polygon will benefit from the update, other L2s like Arbitrum and Optimism, which use optimistic rollups, will see more significant cost reductions, causing a rally in these L2s. Most of the costs for optimistic rollups come from forwarding transaction data to Ethereum (which is what Dencun will reduce), but they hardly publish fraud proofs. On the other hand, Zk rollups publish fraud proofs much more frequently and therefore would not see the benefits of reduced transaction data costs. The second reason for underperformance is that Ryan Wyatt, the former president of Polygon, left last year to become Head of Business Development at Optimism. Many believe Wyatt was responsible for Polygon’s major partnerships and his departure was a blow to Polygon’s growth efforts” Staying on the topic of competitors, for Kenny Hearn, chief investment officer of SwissOne Capital, MATIC is in dump also due to the emergence of Arbitrum (ARB), especially in DeFi trading.  Partnerships will continue even in 2024 Despite MATIC crypto not performing for over a year, Polygon Labs continues to forge new partnerships even in this 2024. Here are some.  At the beginning of the year, Polygon announced its collaboration with Fox Corporation to introduce Verify, an innovative multimedia platform based on blockchain. This is a solution that tracks multimedia content and facilitates the negotiation of licensing agreements with AI companies. Not only that, the famous crypto company Immutable launched at the end of January, a new ZkEVM network based on Polygon, which aims to be the only blockchain designed and developed for Web3 gaming. Even Friendzone, a promising social market, is getting ready to start its operations on the Polygon PoS blockchain from February 26th. In practice, here, Polygon will serve to build social apps. Friendzone has also announced its intention to expand its scope to Polygon zkEVM.

4 days ago

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