The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $ 209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) …
The Brazilian Supreme Court ordered a nationwide ban on X after a prior order mandating the social platform to assign a local representative was ignored. Brazilians began to lose access to the site on Saturday, as the Supreme Court prohibited citizens from using virtual private network (VPN) software to circumvent the blockage, establishing fines of […]
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$ 16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had …
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $ 1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy use, captured on external security cameras showing them bringing in 10 …
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do not fulfill the requirements must cease the activities when the amendments come into […]