Tag: Running

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

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The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain trust before introducing a purported crypto investment opportunity. In a statement, the CFTC says it filed a civil enforcement action against Debiex, claiming that the platform misappropriated funds that the victims intended for digital asset…

Nike’s Ron Faris Is Running With Web3

In a marketing world of social media dominance, where brands are trying hard to create direct relationships with their customers, Faris and the Nike team are connecting more than most. “This is our effort in creating a digital marketplace for the future, which is powered by digital, which harmonizes products, experiences, and services in new ways which meet the consumer where they are,” Faris told Hypebeast in April. Source

Proof Group, Member of Celsius-Winning Fahrenheit Consortium, Is in the Running to Reboot Crypto Exchange FTX: Sources

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FBI charges 6 for running $30m crypto ring

The FBI has charged six individuals over allegations of running an unlicensed crypto money-transmitting operation in New York. According to an unsealed affidavit of FBI special agent Lawrence Lonergan, six people, Naineshkumar Patel, Nileshkumar Patel and Raju Patel, Shaileshkumar Goyani, Brijeshkumar Patel, and Hirenkumar Patel, operated an illegal money transmitting business between July 2021 and September 2023.  The Financial Crimes Enforcement Network (FinCEN) requires virtual currency transmitters and exchangers to register with it and have state licenses before being allowed to operate.   Per the affidavit, the six used an anonymizer…

FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto

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Regulators in Brazil Accuses Binance of Running Pyramid Scheme

The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The committee also accuses Changpeng “CZ” Zhao, the CEO of Binance, of having ulterior motives in the establishment of multiple companies in the region. The statement from the committee reads: “BINANCE was one of the companies used in the fraudulent financial…

Vitalik Buterin on fix for Ethereum centralization — make running nodes easier

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The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin. At current, the majority of the 5,901 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which many experts claim leaves the Ethereum blockchain exposed to a centralized point of failure. Distribution of Ethereum nodes from web service providers. Source: Ethernodes Speaking at Korea Blockchain Week, Buterin outlined six key problems…