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More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A
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Arcaro is not the only BitConnect bigwig to face consequences for his role in the scheme: BitConnect’s founder, Satish Kumbhani, has been indicted on a host of felony charges, including conspiracy to commit wire fraud, wire fraud, conspiracy to commit price manipulation, operating an unlicensed money transmitter and conspiracy to
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US prosecutors have created a website to communicate explicitly with the victims of disgraced ex-FTX boss Sam Bankman-Fried (SBF). The United States Department of Justice has established a website to cater specifically to victims of Sam Bankman-Fried (SBF), former CEO of FTX. The website opens communication channels between US prosecutors and
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The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department noted. DOJ Urges Victims of SBF Fraud to
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The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon requested the federal
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Victims of the 3Commas API leak are calling for refunds and an apology from the crypto trading platform for being gaslighted over the whole ordeal. The past couple of months have seen an ongoing back and forth between 3Commas and supposed victims of unauthorized trades coming from their accounts. 3Commas
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Place/Date: Hong Kong - December 28th, 2022 at 11:07 am UTC · 3 min read Source: Kingdomverse As FTX collapsed, millions of victims lost both funds and also faced a cryptocurrency bloodbath. In 2022, there were a series of events caused by wrongdoings, fraud and criminal activity
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The team behind the Raydium decentralized exchange (DEX) has announced details as to how the hack of Dec. 16 occurred and offered a proposal to compensate victims.According to an official forum post from the team, the hacker was able to make off with over $2 million in crypto loot by
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Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropriation.On Dec. 16, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee
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The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline.According to an official document, a deadline has been set for those filing any claims against the former digital assets lender. Any person or
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