Tag: Firm

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager – Bitcoin News

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According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy In a filing in bankruptcy court registered on Feb. 22, 2023, the U.S. Federal Trade Commission (FTC) detailed that it is investigating the marketing schemes of the crypto firm Voyager Digital. “The FTC has commenced…

BlockTower Capital Crypto Asset Management Firm Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data

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Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources

Terraform Labs said that UST, Terra’s ill-fated “decentralized” stablecoin, would stay pegged to the price of $1 solely as a result of a state-of-the-art “algorithm.” That algorithm – which was codified in blockchain-based computer code called smart contracts – was supposed to print and burn Luna, UST’s speculative sister token, to serve as a sort of shock absorber for UST’s price. Source

CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets

According to the complaint, from September 2017 through January 2018, Vista falsely advertised that it would trade customers’ digital assets and earn a 2.5% daily return or “double in just 80 days.” The company said it would trade customers’ bitcoin and ether using “Robot Traders” that the CFTC said it never had access to, and instead engaged in a Ponzi scheme with new and old customer funds. Original Source AssetsCaliforniaCEOCFTCChargesDigitalFirmFraudMisappropriation CryptoX Portal