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September 24, 2019

EU Groundhog Day – Bulgarian court again adjourned decision on Gal Barak extradition while U.S. courts aggressively go for his former partners!

Today another trial took place in Sofia, Bulgarian. Again, the Austrian authorities' request for the extradition of the Israeli citizen Gal Barak, who lives in Sofia, was to be decided. Again, the decision was adjourned. Scheduled for 21 October 2019 now.

September 24, 2019

Yukom Case – Boiler room agent Yair Hadar sentenced to 8 months prison, community service and $1.2 million restitution payment

On Monday, another Boiler Room agent from the Yukom scheme was sentenced in the USA. New York-born Israeli Yair Hadar was sentenced to 8 months..

September 21, 2019

Yukom Case – Liora Welles sentenced to 14 months and $2.2 Mio restitution payment! More fraud and more investigations!

California native Liora Welles, who is also an Israeli citizen, burst into tears when U.S. District Judge Theodore D. Chuang read out her sentence in..

September 20, 2019

ICO Reckoning – SEC sues ICO Promotor ICOBox and its founder Nikolay Evdokimov

The evolving crypto scam scene Parallel to the hype of binary options, a broker scene specialized in crypto scams developed since 2016. This development was..

September 19, 2019

Yukom Case – New arrests, restitution payments, postponed sentencing, and CFTC complaint

As expected, the Yukom case involving binary options fraud with BinaryBook and BigOption, which is being indicted in the United States, is developing into a..

September 15, 2019

Yukom Case – U.S. prosecutors and their plans for restitution payments to binary options victims in $140 million fraud scheme

The U.S. prosecutors believe that the binary options scheme perpetrated by Lee Elbaz and her co-conspirators caused losses in excess of $100 million to tens..

August 31, 2019

Yukom Binary Options Scheme – Boiler Room agent Lissa Mel sentenced to 12 months in prison and significant restitution payment

The U.S. indictment in the $145 million Israeli Yukom binary options fraud scheme with its websites BinaryBook and BigOption has reached a new milestone. Boiler Room agent Lissa Mel, an Israeli citizen, was sentenced to 12 months in prison.

August 27, 2019

Binary Options Scam ICoption, the million-dollar lawsuit in Qatar and other court cases

Update Aug 28, 2019: Fintelegram is informed that the client of ICoption took legal action against the evidently innocent PSP in two different jurisdictions, possibly..

August 15, 2019

Yukom Case – U.S. CFTC filed binary options lawsuit against Yossi Herzog, his companies and partners

After Lee Elbaz was sentenced by a U.S. jury for fraud with binary options around Yukom and the schemes BinaryBook, BigOption, and BinaryOnline the U.S...

August 9, 2019

Lee Elbaz – the guilty verdict and its consequences for binary options scams, boiler rooms, and victims

The jury’s guilty verdict against the Israeli Lee Elbaz for binary options fraud will have a huge impact. Lee Elbaz was CEO of Israeli boiler..

August 7, 2019

Yukom Case – Justice works, binary options boiler room executive Lee Elbaz found guilty and was ordered to be taken into custody

According to Simona Weinglass of The Times of Israel, the trial against the Israeli Lee Elbaz, former CEO of the Israeli boiler room operator Yukom..

August 3, 2019

The swindling machine iTrader – Israel prosecutors finally start to take actions against the binary options scheme

Almost 3 years after the office raid and the temporary arrest of seven people around the Israeli binary options scheme iTrader, the matter is gradually..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

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.