Tag: CEO

Everything you need to know about LFi and CEO Luiz Góes

If you’re following wealth creation trends, you may have heard of LFi and its CEO, Luiz Góes. This article delves into the fintech company and its chief. LFi company overview   LFi is a blockchain-based decentralized network that seeks to revolutionize economic innovation. Its strategy anchors on a decentralized autonomous organization (DAO), with community members having control and ownership. They can make governance decisions through a democratic voting process. The LFi ecosystem has its utility token, LFi. Users can also convert LFi into vLFi via vesting. In this way, they receive…

FBI questions Winklevoss twins on DCG’s CEO misconduct

US federal officials are scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital. During the current analysis of the Digital Currency Group and its branch, Genesis Global Capital, agents from the Federal Bureau of Investigation, staff from the Securities and Exchange Commission, and New York City prosecutors recently engaged in discussions with Cameron Winklevoss to delve into the fraud accusations he has raised against Barry Silbert, as cited by Bloomberg News. Winklevoss accuses DCG and Silbert of disseminating misleading details regarding the financial health of Genesis,…

Court Hands 11,196-Year Prison Sentence to CEO of Exchange That Collapsed With $2,000,000,000+ in Crypto: Report

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The chief executive of a collapsed crypto exchange has reportedly been handed a staggering prison sentence of over 11,000 years. According to a new report by Euronews, Faruk Özer, the CEO of Istanbul-based crypto exchange Thodex, has been given 11,196 years in jail for stealing $2 billion worth of crypto assets from customers. Thodex suddenly went offline in April 2021, leaving 400,000 customers without access to their funds, while Özer fled Turkey. He was caught in Albania in 2022 after Interpol issued a red notice for him. Interpol’s red notice…

Thodex Exchange CEO, Others Get 11,196 Years Jail Sentence

The court also slammed them with a judicial fine of 135 million liras ( approximately $5 million) as the case came to a close. The long arm of the law may have finally caught up with Faruk Fatih Özer, the founder of the Turkish crypto exchange Thodex which collapsed two years ago. According to a local media report, Faruk, alongside his sister Serap Özer and his brother Güven Özer have all been sentenced to 11,196 years, 10 months, and 15 days in prison. The court also slammed them with a…

CEO of Collapsed Turkish Crypto Exchange Gets 11,196 Years in Prison

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A court in Turkey has sentenced Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer, and his brother Güven Özer to 11,196 years, ten months and 15 days in prison, according to Coindesk. Further, they are also facing a judicial penalty of 135 million liras (about $5 million). Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! It was part of an extensive trial of 21 defendants facing…

Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

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The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of “establishing, managing and being a member of an organization”, “qualified fraud”, “laundering of property values”. The Anatolian 9th High Criminal Court sentenced Ozer along with his two siblings to the same jail sentence of 11 thousand 196 years, 10 months and 15 days in prison along with a $5 million fine, reported Turkish state-run news agency, Anadolu Agency. The Turkish crypto exchange was one of…

Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

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Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD (fear, uncertainty, doubt) in a Sept. 7 post on X (Twitter).  Saw some debates in the community. When you do the right thing, and there is FUD, you don’t have to do anything. The community…

Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO

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A group of Nigerian professionals in digital assets took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, to discuss the future of digital assets in Nigeria in regards to regulation.  In the panel titled “The Future of Digital Assets: Regulatory Uncertainty and the Way Forward,” the group discussed why the implementation of digital assets regulation and blockchain policy has been slow in Nigeria. The developmental regulation created by NITDA is a big step towards understanding…