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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

GreyMountain Case – Irish HighCourt admitted investors’ lawsuit to fast track Commercial List

Good news for the victims of the GreyMountain Management (GMM) scams of the Israelis David Cartu and Jonathan Cartu and their partner Uri Katz. According..

July 13, 2019

Yukom Case – in latest Pre-Trial decision court refused to grant immunity to Yossi Herzog

Maria Nikolova of FinanceFeeds reported yesterday that Judge Theodore D. Chuang of the Maryland District Court has denied a motion by Lee Elbaz, the former..

July 12, 2019

Crypto-Fraud – WeExchange and Bitfunder operator sentenced to prison

As reported by the U.S. Department of Justice, Jon Montroll (a/k/a “Ukyo“), the operator of crypto-related services WeExchange and Bitfunder was sentenced to 14 months..

July 11, 2019

CFTC wins court case against binary options fraudsters

CFTC Charges In September 2018, the U.S. Commodity Futures Trading Commission (CFTC) charged two US citizens — Morgan Hunt and Kim Hecroft — with fraudulent..

July 9, 2019

Yukom Case – Victims allegedly lost $113 million with BinaryBook and BigOption

The binary options court season will open next week. The largest binary options fraud case to date to be brought to trial begins on July..

July 4, 2019

Binary Options Legacy – Payobin, Umbrella, ICoption and the tax question

A while ago FinTelegram reported about the lawsuit of Pay o bin Ltd (Payobin Ltd) against the US company Umbrella Onlinetech LLC. The complaint was..

July 4, 2019

Yukom Case – US Prosecutors want Lee Elbaz to produce compliance documents for brand operator WSB Investment (for download here)

According to an update on the Yukom court case provided by FinanceFeed, the U.S. prosecutors filed a Motion to Compel on July 2019, asking the..

July 2, 2019

Binary Options and crypto fraudster Blake Kantor sentenced to 86 months prison

The U.S. trial surrounding Blake Kantor, the binary options and crypto scammer behind the BlueBitBanc scheme, was yesterday sentenced by a U.S. court to 86..

June 30, 2019

OneCoin crypto fraud case – Konstantin Ignatov has his bond application denied

According to FinanceFeeds, the OneCoin principal Konstantin Ignatov, who stands accused of conspiracy to commit wire fraud, has had his bond application denied by Judge..

June 26, 2019

Yukom Case – U.S. Prosecutors see no reason to provide Yossi Herzog with Use Immunity

The always well-informed FinanceFeeds today reported on the latest development in the Yukom Case. Accordingly, the U.S. government sees no reason why the court should..

June 21, 2019

BinaryBook and Yukom – background information, people, and companies

The major criminal case in the US against the binary options fraudsters and their accomplices begins on July 16, 2019, with the trial against Lee..

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.