Category: ICO

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

The company’s founders, American married couple Cynthia and Eddy Petion, who are now believed to be living in Panama, and promoters – including Martin Zizi, James Corbett, Corrie Sampson, Dapilinu Dunbar, John Garofano and Marsha Hadley, all named defendants in the SEC’s lawsuit – used “religious overtones” when soliciting investors. Cynthia Petion dubbed herself the “Reverend CEO” in NovaTech promotional materials and on her social media profiles, and claimed that God sent her a “vision” of starting the company while she was brushing her teeth. Source

Germany’s Largest Development Bank Prepares for Tokenized RWA Issuance with Boerse Stuttgart Digital in ECB Trial

“As one of the world’s largest and most active bond issuers, we are actively driving digitalisation initiatives in the issuing and settlement process,” Gaetano Panno, head of transaction management at KfW, said in a statement. “The utilization of new technologies as part of the ECB trials enables us to technically process a ‘delivery vs. payment’ transaction and thus supports our digital learning journey.” Source

Binance Says Venezuela Platform Is Being Hit by Access Restrictions

“Like several company websites in different segments in Venezuela, including social media, Binance’s pages have been facing access restrictions,” the exchange posted on Friday. The company said it was “monitoring the situation closely to address it in the best and fastest way possible” and that users’ funds were “SAFU,” an acronym for Secure Asset Fund for Users. Source

Kamala Harris Pulls Well Ahead of Trump on Polymarket

“Yes” shares for Harris were trading at 52 cents on the crypto-based betting platform Monday during U.S. morning hours, meaning the market sees a 52% chance she will win the presidency. Each share pays out $1 in USDC, a stablecoin, or cryptocurrency that trades at par with the U.S. dollar, if the prediction comes true, and zero if not. Trump shares were changing hands at 45 cents. Source

Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn

Although on-chain hacks including smart contract exploitation, price manipulation and governance attacks are most prevalent, off-chain attacks like private key theft represent 29% of the total number of attacks and 34.6% of the funds stolen in general. In 2023 off-chain attacks made up 56.5% of total attacks and accounted for 57.5% of the stolen amount. Source

Bitcoin Miner Marathon Digital Plans $250M Private Note Sale to Fund Bitcoin Buying

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