European Bitcoin mining company Northern Data AG has announced plans to raise €214 million through a 20% capital increase, issuing 10.7 million new shares. German Bitcoin (BTC) mining company Northern Data AG is set to bolster its operations through a significant capital increase, which is expected to boost its financial reserves by approximately €214 million. In a Jul. 15 press release, the Frankfurt-headquartered company said that it plans to issue 10,699,446 new bearer shares, amounting to 20% of its current share capital, a move that is expected to fuel the…
Tag: 10.7M
Ace Exchange Founder Charged in $10.7M Crypto Fraud Case
David Pan, the founder of Ace Exchange in Taiwan, along with six other individuals, has been indicted by a Taiwanese court on April 8 on charges related to money laundering and cryptocurrency fraud involving digital assets valued at NT$340 million New Taiwan dollars ($10.7 million). The court ordered the confiscation of the defendant’s property and other assets worth $110,000. Pan is accused of defrauding at least 162 individuals by offering a fraudulent product through over-the-counter (OTC) exchanges and fake investment platforms. He allegedly created an offshore trading platform that included…
London Court Orders Six Crypto Exchanges to Share Client Details to Assist in $10.7M Fraud Case
London’s High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, Luno and Kraken, to disclose client information to help trace $10.7 million that was stolen from a U.K.-based exchange in 2020, according to a court judgement shared with CoinDesk. Source