A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […] Source
PRESS RELEASE. Innovation and momentum are the cornerstones of Lightchain AI’s groundbreaking rise in the cryptocurrency ecosystem. Just 72 hours—that’s all it took for Lightchain AI to raise a staggering $1.1 million in its Stage 7 presale. Now, the project is blazing forward in Stage 8, having secured a total of $3,723,001.397 and counting at […] Source CryptoX Portal
Este artículo también está disponible en español. The cryptocurrency market continues to surprise with rapid shifts and bold moves by investors. Recently, Solana (SOL) holders have turned their attention to a new and exciting opportunity, investing $1.1 million into Mpeppe (MPEPE), a meme-inspired casino token, within just a few days of its initial coin offering (ICO). This influx of capital from Solana (SOL) enthusiasts underscores the growing appeal of Mpeppe (MPEPE) and highlights the shifting dynamics within the crypto market. Solana’s Struggles and Mpeppe’s Rise Solana (SOL) has been a…
Taylor founded CluCoin in the spring of 2021, marketing the project to his “large Internet following” as a streamer as a way to fund charities. After CluCoin’s subsequent ICO that May, the project’s trading volume and value declined “precipitously,” according to court documents, prompting Taylor to steer CluCoin “away from its original charity focus.” Source
ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD). On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, according to a trade notification seen by Cointelegraph. The purchase involved three innovation exchange-traded funds (ETF) managed by ARK, including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). ARKK has allocated the biggest amount of…
A CryptoPunks NFT recently sold for 600 Ethereum (ETH), worth $1.14 million, representing the largest single NFT sale over the past seven days and the second-largest last month. The sale, involving CryptoPunk #7458, occurred on Nov. 6 at Larva Labs. Interestingly, the recipient address is relatively new, with the NFT purchase representing its second transaction. The address had received 360 ETH from a Coinbase address two hours before buying the NFT. NFT data aggregator resource CryptoSlam confirms that the recent transfer represents the largest single NFT transaction over the last…
Kirkland & Ellis is currently the legal representative of many crypto exchanges that are faced with bankruptcy. Legal advisor Kirkland & Ellis has charged bankrupt crypto brokerage firm Voyager Digital the sum of $1.1 million in legal fees for their work in April. The fund is for fees and expenses related to its work on the erstwhile brokerage firm’s bankruptcy process. According to the documents, some of Kirkland & Ellis’ highest-paid partners charged as high as $2,000 per hour for their part of the litigation. Some other lawyers billed the…
Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April. According to the available documents, Kirkland & Ellis law firm implemented a blended hourly billing rate of $1,313.18 for the provision of various services throughout April. The cumulative fees assessed for the legal services rendered by both attorneys and paralegals amounted to a figure surpassing $1.4 million. Certain members holding high positions within the law firm charged…
Some of the firm’s attorneys billed Voyager upwards of $150,000 for their work during the month. Source
Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his 1.6 million Twitter followers on Jan. 25 asking them to avoid buying any Squiggles NFTs until they manage to get them flagged as stolen. I was just hacked, stay tuned for details – please avoid buying any squiggles until we get them flagged (just lost 25) + a few…