Stephen Carr – a resident of Meaford, Ontario – said he lost his entire life savings of nearly $500,000 after being conned into a cryptocurrency scheme on YouTube. Scammers have used the video-sharing website multiple times to lure victims. Some have even uploaded fake recordings of famous people, including Elon Musk, Steve Wozniak, Bill Gates,...Read More
Senior United States District Judge William Fremming Nielsen sentenced the 56-year-old American Ronald Craig Ilg to eight years in federal prison. The latter hired hitmen on the Dark Web to kidnap his wife and beat his former colleague, and paid them over $60,000 worth of bitcoin. Maximum Penalty for the Doctor The US Department of...Read More
Argo Blockchain has been accused of federal securities law violation during the initial public offering (IPO) of its American depositary shares (ADS) in 2021, according to a filing in the United States District Court for the Eastern District of New York. The latest development is yet another blow to Argo, which was struggling to stay...Read More
Chapter 11 of the book Reckless: The Story Of Cryptocurrency Interest Rates is published below. The full book is available on Amazon. The book was written before the bankruptcy of FTX and therefore does not include coverage of this event. However, the book does provide useful commentary in the run up to the failure of FTX, which...Read More
The disgraced founder and former CEO of FTX tried to contact and potentially influence the witness testimony of another exchange employee, according to the US Department of Justice. As such, the prosecutors want to introduce two new rules for SBF’s bail. Sam Bankman-Fried was released on a $250 million bond in December last year, and...Read More
Residents of Murphy, North Carolina, complained that a cryptocurrency miner located in the area causes “insane” noise and negatively impacts the electric grid. As such, some people have decided to leave the town and settle in another place. ‘It Sounds Like You Are Behind a Jet’ The crypto miner installed by the San Francisco-based company...Read More
