Unicoin Accused of $110M Fraud – What Best Altcoins to Buy Instead?
The US Securities and Exchange Commission (SEC) has filed fraud charges against Unicoin and three of its senior executives over allegedly misleading 5K+ investors. According to the charges, the project promised that its token would be backed by billions worth of international real estate holdings. In reality, its assets were only worth a smidge of […]
Related News
Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets. According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related […]
Mizuho is the latest in a string of organizations facing heat over connection to MT. Gox. (Reuters) Connection to the former leading Bitcoin exchange, Mt. Gox, has entangled another business partner in the exchange's highly publicized demise. One of Japan's largest lenders, Mizuho Bank Ltd., was added as a defendant to an existing U. S. lawsuit against Mt. Gox. The suit alleges that Mizuho aided Mt. Gox's fraud by providing banking services to the troubled exchange. Mizuho held fiat currency on behalf of Mt. Gox and its customers, and the amended lawsuit claims that the lender mingled....
The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital which specializes in cryptocurrency arbitrage, of fraud.
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and....
An incredibly beautiful development has come to our notice. UNICEF and the H&M Conscious Foundation are using a new cryptocurrency, Unicoin to help disadvantaged children with access to early childhood care and education. What's even more captivating is the fact that this collaboration of the two leading humanitarian organizations will engage kids at an early age to contribute to the social good. UNICEF's Early Childhood Development program, aimed at serving the impoverished children across the globe, will utilize the Unicoin campaign to expand the reach of the program. UNICEF's Senior....