William | FinTelegram News

Author: William

September 16, 2024

Yacht Analyst Report: The Infamous “History Supreme” Superyacht – A PR Hoax Unveiled!

The tale of the superyacht History Supreme is another lesson of how easily the public can be misled by flashy, outlandish claims, especially in the context of wealth and luxury. Allegedly owned by the Malaysian businessman Robert Kuok, the History Supreme is a cautionary example of the dangers of unchecked sensationalism and remains a prime candidate for the title of "the biggest PR hoax in boating history."

September 16, 2024

Impressive: Bezos’ $25M-A-Year Superyacht Maintenance Costs!

The $25M annual cost of maintaining Jeff Bezos' superyacht Koru underscores the extreme expenses tied to the world’s most luxurious vessels, even as sustainable technology becomes a factor. Koru is a 127-meter (417-foot) long sailing yacht, making it the largest sailing yacht in the world. It was built by Dutch shipyard Oceanco and delivered in 2023. It is estimated to have cost around $500 million to build.

February 21, 2024

EU Escalates Sanctions Against Russia, Expanding Blacklist to Include Mainland Chinese Companies

The European Union has escalated its sanctions regime against Russia by extending its blacklist to include companies based in mainland China. This unprecedented step underscores the EU's determination to thwart the Kremlin's efforts to circumvent sanctions and acquire banned items, marking a significant shift in the bloc's strategy towards Russia's ongoing conflict with Ukraine. The package, however, does not cover any person allegedly involved in the death of Alexei Navalny.

February 5, 2024

Offshore Casino & Gambling Operator NewEra And Its Payment Facilitators!

The NewEra Group is another online casino and gambling operator that operates with a license in Curacao and a payment agent in Cyprus. Although NewEra does not have a license in Europe or North America, it attracts customers and their deposits from these regulatory regimes. Revolut, Binance Pay and MiFinity appear to be the most important payment facilitators. Binance Pay is offered at all NewEra casinos.

FinTelegram

January 13, 2024

Crypto Hype Is Back: Bitpanda Enters Into Sponsorship With FC Bayern Munich!

A new crypto hype is imminent. Crypto companies are once again sponsoring prominent football clubs. FC Bayern Munich, the renowned German soccer team, has entered into a multi-year partnership with Austrian crypto service provider Bitpanda. This collaboration marks Bitpanda's emergence as a prominent Platinum Partner and FC Bayern's official crypto trading partner.

January 4, 2024

Mark Zuckerberg’s Strategic Stock Sell-Off: A Closer Look at Meta Platforms’ Mastermind!

Mark Zuckerberg, the co-founder of Facebook and the current executive chairman and CEO of Meta Platforms (formerly Facebook, Inc.), has recently made headlines with a significant stock sell-off, shedding nearly half a billion US dollars of Meta Platforms shares in the final two months of 2023. This move follows a two-year hiatus during which the company faced challenges, leading to its stock hitting its lowest point in seven years.

January 4, 2024

Nikesh Arora’s Journey to Billionaire Status: From Google to Palo Alto Networks!

The Indian-American business executive Nikesh Arora, the CEO of cybersecurity firm Palo Alto Networks, has reached a net worth of $1.5 billion, according to the Bloomberg Billionaires Index. This impressive fortune is attributed to substantial pay awards earned throughout his career, marking him as a notable non-founder billionaire in the tech CEO landscape.

January 1, 2024

FinTelegram Insights: The Spectacular Crash and Burn of Elon Musk’s Twitter, Now X Holdings!

In what can only be described as a head-on collision with reality, Fidelity Investments has just delivered a staggering verdict on Elon Musk's X Holdings, the entity formerly known as Twitter. The financial behemoth, which once backed Musk's audacious $44 billion acquisition, now values X at a jaw-dropping 71.5% less than its purchase price. This isn't just a markdown; it's a nosedive, plunging through the end of November 2023.

December 15, 2023

Attention: The Secretive L7 DEX Crypto MLM Scheme Launched A Crypto Debit Card With Alchemy Pay!

The L7 a/k/a L7 DEX scheme describes itself as a decentralized asset management protocol based on Web3. The website is very secretive and doesn't reveal much more, which is not good for a financial scheme, to say the least. This scheme also operates its own crypto token, L7 (symbol: LSD), which currently has a market capitalization of around $5 million. L7 is a multi-level marketing (MLM) scheme and recently launched its own L7 crypto debit card.

FinTelegram

December 4, 2023

French Ethical Hacker Acquitted Of Charges After Platypus Finance Smart Contract Hack!

In a landmark decision, a French court acquitted Mohammed and Benamar M. of criminal charges related to the February 2023 hack of Platypus Finance, an Automated Market Maker (AMM) protocol on the Avalanche AVAX + network. The hack, which exploited a flaw in Platypus Finance's smart contract, resulted in a loss of approximately $8.5 million in stablecoin collateral.

November 21, 2023

U.S. Law Enforcement Seized Nearly $9M In Crypto Connected To Romance Scam Scheme!

The U.S. Department of Justice (DOJ) has announced the seizure of nearly $9 million in stablecoin Tether. These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams, which are widely known as “pig butchering.” The DOJ also acknowledged Tether's cooperation.

October 14, 2023

Be Careful With Non-Licensed Online Casino And Gambling Provider 59Bet!

59bet is an online casino and gambling site focused on the Brazilian market but also solicits customers worldwide. They can deposit via e-wallets, credit/debit cards, and cryptocurrencies. We discovered crypto payment processors, such as MoonPay, as payment processors for credit/debit cards. No operator is given on the website. 59bet falsely claims to be licensed by the MGA in Malta and the Curacao authority. We would like to learn more.

UNODC Report: Technology-Powered Cybercrime on the Rise in Southeast Asia!

The billion-dollar cyberfraud industry in Southeast Asia is booming, fueled by organized crime syndicates exploiting the latest in AI and cryptocurrency. The UNODC report notes that these criminal networks are outpacing government efforts to regulate and combat their operations. Urgent reforms and enforcement are needed to prevent further damage.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.