Tag: Outraged

Outraged Lebanese Depositors Continue to Riot Against Financial Institutions – Bitcoin News

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Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption. Lebanese Citizens Left Penniless as Financial Institutions Crumble In February 2023, Lebanese depositors that were incensed by the alleged theft of their life savings by the country’s central bank, set ablaze the very banks that held their fortunes. Bitcoin.com News highlighted this distressing…

‘Crypto FUD’ — Industry outraged as White House report slams crypto

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Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets. The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first began issuing the annual economic policy report in 1950. Co-founder of digital asset investment firm Paradigm, Fred Ehrsam, remarked that 15% of the Economic Report was dedicated to “crypto FUD.” 15% of the annual White…

Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets no Suspension

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Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system. “It is extremely regrettable that such an incident happened when (Tech Bureau) was given two business improvement orders,” an FSA official said. Two Warnings on System Failures and Fraudulent Withdrawals On September 24, the Japanese government officially…