The former CEO of the cryptocurrency derivatives platform FTX, Sam Bankman-Fried, is facing trial this October and will not be able to get out on bail. It is a significant development in the case as the high-profile crypto executive is accused of operating a fraudulent scheme to defraud investors of more than $27 million. The… Continue reading Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
Category: fraudulent
FTC’s new Office of Technology will help mop up tech ‘oozing with snake oil’
The Federal Trade Commission (FTC) recently announced the establishment of an Office of Technology Research and Investigation, aimed at providing regulatory oversight of the rapidly evolving technology industry. This move represents a step forward in safeguarding the public from potential harm caused by the prevalence of deceptive and fraudulent business practices surrounding technological advances. The… Continue reading FTC’s new Office of Technology will help mop up tech ‘oozing with snake oil’
A Quarter of Prominent New Cryptocurrency Tokens Appear to Be Scams, Researchers Find
In a recent study released by US-based independent investment research group, Satis Group, it has been revealed that a quarter of prominent Ethereum initial coin offerings (ICOs) are probably fraudulent. The primary aim of the study was to evaluate the trustworthiness of popular new tokens and ICOs that hit the market in 2017. The findings… Continue reading A Quarter of Prominent New Cryptocurrency Tokens Appear to Be Scams, Researchers Find