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11/18/2022
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By News Editors
The COVID/crypto connection: The grim saga of FTX and Sam Bankman-Fried
A series of revealing texts and tweets by Sam Bankman-Fried, the disgraced CEO of FTX, the once high-flying but now belly-up crypto exchange, had the following to say about his image as a do-gooder: it is a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.” (Article by […]
11/10/2022
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By Arsenio Toledo
Report: Crypto exchange Binance still serving Iranian clients, allowing them to trade despite sanctions
Cryptocurrency exchange Binance has been aiding Iranian firms to circumvent American sanctions intended to cut Iran off from the global economy by processing nearly $8 billion worth of transactions since 2018. With over 120 million users, Binance is the world’s largest platform for exchanging cryptocurrency assets with fiat money or even with physical assets like gold and […]
07/06/2022
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By Ethan Huff
Collapsed crypto hedge fund Three Arrows Capital now revealed to be a massive international fraud hidden behind complex legal structures
The Three Arrows Capital saga is far from over after it was revealed that the now-defunct crypto hedge fund is part of an international criminal conspiracy involving massive financial fraud. An obscure legal entity, reports indicate, continues to aggressively trade digital assets and is possibly shielding some of them from recovery. “While Three Arrows Capital […]
06/21/2022
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By Mary Villareal
FBI special agent warns: Crypto fraudsters exploit LinkedIn to dupe unsuspecting users
Sean Ragan, a Federal Bureau of Investigation (FBI) special agent, warned that fraudsters are exploiting the professional networking website LinkedIn to deceive unsuspecting users and lure them into cryptocurrency investment schemes. The fraudsters, who usually pose as professionals, create fake profiles and reach out to LinkedIn users. They initiate small talk over the platform’s chatbox until eventually, they […]
06/16/2022
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By News Editors
Crypto: A necessary scam?
A Muddy Field of Deferred Dreams Last night, the U.S. national soccer team played El Salvador in San Salvador. The tweet below shows the late tying goal by the U.S. side, but it also shows the shockingly shabby state of field (or “pitch” as they call it in soccer), which had more mud than grass. […]
03/04/2022
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By Ramon Tomey
Off the radar: Indicted BitConnect founder Satish Kumbhani disappears
The founder of a cryptocurrency company linked to a billion-dollar Ponzi scheme is nowhere to be found. Satish Kumbhani reportedly disappeared following his indictment over an alleged $2.4 billion Ponzi scheme. The Securities and Exchange Commission (SEC) acknowledged the BitConnect founder’s disappearance in a Feb. 28 filing. Senior trial counsel Richard G. Primoff wrote in the filing […]
01/04/2022
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By Ethan Huff
Hundreds of Salvadorians say Bitcoin has vanished from their government-issued centralized “Chivo” wallets
It is being reported that hundreds of people in El Salvador are unable to access Bitcoin in their centralized, government-issued “Chivo” Wallets. The unconfirmed reports are circulating on Twitter, where numerous users say that their non-private wallets have been tampered with by government officials. “This is what happens when you let corrupt and greedy politicians have full […]
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