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Author: Ben

October 13, 2019

The Gal Barak Case – Bulgarian media report about victims, luxury lifestyle, and real-estate investments

The criminal case involving the broker scam of the Israeli Gal Barak and his wife Marina Barak (formerly Marina Andreeva) continues to spread. One of..

October 11, 2019

SEC charges binary options perpetrators behind LBinary and Ivory Option with investment fraud

On October 9, 2019, the U.S. Securities and Exchange Commission (SEC) charged the two Israeli binary options perpetrators Anton Senderov and Lior Babazara a/k/a Lior..

October 9, 2019

Payobin and Bruc Bond – the flight from their binary options past and defrauded retail investors

The Israeli Eyal Nachum has a long history as a payment service provider (PSP) in the binary options industry. Through his Payobin or Payotech Ltd..

October 9, 2019

Yukom Case – Court denies request for release of convicted binary options CEO Lee Elbaz

On August 7, 2019, a U.S. jury found Lee Elbaz, the former CEO of binary options operator Yukum, guilty of investment fraud. The Court ordered..

October 9, 2019

U.S. Regulator CFTC goes against binary options affiliates for investment fraud

Following the U.S. regulatory authority SEC, the CFTC is now also taking action against the two affiliates that have advertised fraudulent binary options schemes. According..

October 8, 2019

DDoS Cybercrime – U.S. Court sentenced DDoS attacker to 6 years in prison

According to a press release of the U.S. Department of Justice (DoJ) a man was sentenced to six years in prison for launching denial of..

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.