Neo & Bee Suspends BTC Share Trading Due to 'Abnormal Activity'
Trading of LMB Holdings bitcoin shares on the Havelock Investments exchange has been suspended "due to an increase of abnormal activity" - apparently at the request of the company itself. UK-based LMB Holdings is the parent company of Neo & Bee, a bitcoin company that offers bank-like services, and which recently opened its first premises in Cyprus. An update today on the company's Havelock page said: "Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal....
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In an announcement posted on the Havelock Investments website, it would appear as if the trading of the Neo & Bee fund has been halted. Transfers have also been halted. Here's what the announcement read in full: Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt....
Neo & Bee - what was once a shining beacon in the distance is no longer, it seems. The boss has gone missing-in-action, the employees reportedly unpaid, and a swanky Nicosia branch closed. All of this follows last week's news last week that the Neo & Bee fund on Havelock Investments' platform would be halted for abnormal activity. Today, Havelock announced they would recommence the trading of the Neo & Bee fund at about 5:00 PM Eastern U. S. time, which at the time of this writing is just about in one hour. Statement in full (origin): On March 28, 2014 Havelock Investments halted trading....
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase. According to a recent study conducted by the University of Technology Sydney, researchers estimated that insider trading occurs in 10% to 25% of cryptocurrency listings.In deriving the conclusion, researchers first sampled 146 token listing announcements on cryptocurrency exchange Coinbase between September 25, 2018, and May 1, 2022. Afterward, researchers examined the price movements of the sampled tokens in the time interval of 300 hours before Coinbase listing....
Cent, one of the first marketplaces to allow people to sell tweets as NFTs, has suspended almost all of its activity due to plagiarism-related problems. According to its CEO and co-founder Cameron Hejazi, people keep selling NFTs of other NFTs or using content that is not owned by them originally to mint these tokens. The sale of tweet NFTs is still active.
Cent Struggles With Unauthorized Use and Plagiarism
Cent, one of the first marketplaces to allow users to tokenize tweets and sell them, has announced it is suspending almost all of its activities due to plagiarism issues. The....
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee.
Hotbit Suspends Trading, Deposits, Withdrawals
Cryptocurrency exchange Hotbit announced the suspension of its services on Wednesday. The company wrote:
We regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions. The exact time of....