Charlene Lensburg | FinTelegram News

Author: Charlene Lensburg

August 30, 2019

EFRI Support for funds recovery lawsuit against 23Traders and its perpetrators in Tel Aviv

FinTelegram’s mission is to protect investors and support defrauded retail investors and victims of investment scams. To this end, FinTelegram co-founded the European Funds Recovery..

August 19, 2019

EFRI Report on #BrokerScams in Europe and the #CyberScam S-Curve

The European Funds Recovery Initiative (EFRI), co-founded and proudly supported by FinTelegram, helps victims of cyberscams to recover their funds. In doing so, EFRI has..

August 17, 2019

Yukom Binary Options Fraud Case – Follow the money! Fibonatix, Payobin and other involved payment services providers

The Yukom Enterprise binary options fraud scheme, currently being prosecuted by U.S. Prosecutors and sued by the U.S. Commodity and Futures Commission (CFTC) for binary..

August 13, 2019

Breaking Development – Israeli Prosecutors indict operators of Binary Options scheme iTrader

Since 2018, the authorities in the US and Europe have taken decisive action against binary options fraudsters. Most of them are Israelis. Their schemes have defrauded tens of thousands of investors worldwide and stole up to $10 billion annually according to the FBI. Now, finally, the first binary options scheme is being accused in Israel - iTrader and its operating entity Gal Media Trader Ltd.

July 31, 2019

Gal Barak Case – The Communication Protocols with the Wolf of Sofia, Gery Shalon, and Vladislav Smirnov about millions for FinTelegram and their EFRI support

Gal Barak fights FinTelegram and the editor. With lawyers, technical assaults and kill orders. In choosing its means, the Israeli cyberscam entrepreneur is not squeamish.

July 29, 2019

Velytco Case – Winslet Enterprises, LottoPalace, the Bulgarian connection, and management responsibilities

The German Uwe Lenhoff, a founder of the public Veltyco Group PLC, was arrested in January 2019 on charges of financial crime, money laundering, and..

July 28, 2019

The Bulgarian Tax Agency Hack, conspiracy theories, and the alleged involvement of Israeli scam operator Gal Barak

On July 17, 2019, even the New York Times reported on an investigation into the theft of personal data of nearly every adult in Bulgaria..

July 24, 2019

Bitfinex and Tether case in New York – Another bid for matter dismissal

In an explosive filing on April 25, 2019, the New York Attorney General alleges that the crypto-exchange Bitfinex conspired with Tether, a closely related entity..

July 16, 2019

Yukom Case – Lee Elbaz trial starts today on charges for $150 million binary options fraud

As scheduled, the Israeli Lee Elbaz, former chief executive of binary options boiler room operator Yukom Communication goes on trial today in the U.S. charged..

July 15, 2019

Update on EFRI funds recovery campaigns and facilitating payment services providers

In recent weeks, the European Funds Recovery Initiative (EFRI) has received legally effective Power of Attorney (POA) from hundreds of client-victims of various broker schemes...

July 11, 2019

UK Financial Watchdog FCA issues Enforcement Performance Report indicating expanding cybercrime activities

On Monday, the UK financial watchdog issued its Enforcement Performance Report. In 2018/19, the Financial Conduct Authority (FCA) issued 265 Final Notices of which 243..

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.