Defamation | FinTelegram News

Category: Defamation

April 19, 2023

Fox News Agreed To Pay $787.5 Million In Defamation Case Over Its 2020 Election Lies!

It came as a surprise. Fox News agreed on Tuesday to pay $787.5 million to resolve a defamation suit filed by Dominion Voting Systems. Dominion asked for damages of $1.6 billion because Fox aired false stories claiming that Dominion’s voting machines were susceptible to hacking and had flipped votes from President Donald Trump to Joseph Biden. it is the largest publicly known defamation settlement in US history involving a media company.

June 28, 2022

The Vanished ZoomGlobalFX Broker And Its Legacy

In January 2022 FinTelegram reported a warning from the UK Financial Conduct Authority (FCA) against ZoomGlobalFX (https://zoomglobalfx.com). The website claimed that the offshore entity Raw Trading Ltd, regulated by the Financial Services Authority of Seychelles (FSA), would be the operator. However, this entity is part of the ASIC and CySEC-regulated IC Markets group. Sometime after our report, the ZoomGlobalFX broker scheme vanished into the dark of the Internet.

June 28, 2022

The IC Markets Scheme And Its False Defamation Claims!

We received a letter from the Cyprus-based law firm KPK Legal confronting us with defamation claims on behalf of the IC Markets group. KPK Legal explicitly represents the interests of CySEC-regulated IC Markets (EU) Ltd and its offshore entity Raw Trading Ltd in Seychelles. The letter to FinTelegram claims that, contrary to FinTelegram's representation, IC Markets would not be included in the Italian Consob's Warning List. Well, this is fact and not defamation. We are publicly countering KPK Legal's letter as they also address Google in their false defamation allegations.

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.

Startup on Trial: Celsius Network and Alex Mashinsky – When Deception Dressed Up as DeFi Innovation!

Celsius Network promised financial freedom through crypto, only to collapse into one of the most catastrophic failures in the DeFi sector. Founder Alex Mashinsky portrayed himself as the champion of the unbanked—yet behind the scenes, Celsius engaged in reckless trading strategies, misled customers, and operated more like a hedge fund than a lending platform.