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FinTelegram

November 15, 2024

Gary Gensler Signals Exit as SEC Chair Amid Crypto Controversy

SEC chair Gary Gensler signals resignation after Trump’s election victory, defending his record on crypto enforcement. Explore the implications for the crypto market. Alt Text for Images: Gary Gensler speaks at a legal institute, defending his SEC record on crypto enforcement amidst resignation rumors.

FinTelegram

November 6, 2024

The Trump Effect: Coinbase’s Share Price Surges Under Expected New Era for Crypto Regulation!

The leading U.S. crypto exchange Coinbase (NASDAQ: COIN) has seen its share price skyrocket to $198.46, marking a 10.8% increase, as Donald Trump seems to become the winner of the US elections. the crypto exchange positioned itself as a major player in the 2024 U.S. elections. This surge reflects not the company's financial performance but the expected crypto regulation under President Trump.

FinTelegram

November 4, 2024

From Prison to Power: CZ’s Unexpected Comeback as Crypto Kingpin!

After a prison sentence and forced exit from Binance’s leadership, Changpeng Zhao (CZ), the former CEO of Binance, has recently revealed his plans for the future following his departure from the crypto exchange. After stepping down as part of a $4.3 billion settlement with U.S. authorities and while serving his prison time, his net worth exploded to $60 billion making him the #25 of richest people worldwide.

FinTelegram

November 3, 2024

Russian Gotbit Founder Indicted: Crypto Market Manipulation Scheme Exposed!

Aleksei Andriunin, founder of the crypto services firm Gotbit, has been indicted on charges of wire fraud and conspiracy to commit market manipulation. Gotbit, a self-claimed “market maker,” allegedly orchestrated artificial trading volumes to boost the visibility of cryptocurrencies on exchanges, using “wash trades” to deceive investors and authorities.

October 24, 2024

TD Bank Faces Class Action After Historic $3 Billion AML Settlement and Felony Guilty Plea!

TD Bank is facing multiple class action lawsuits following its unprecedented $3.09 billion settlement with U.S. authorities for widespread anti-money laundering (AML) violations. The lawsuits, filed by Bragar Eagel & Squire and Pomerantz Law Firm, allege that TD Bank misled investors and failed to disclose critical compliance failures, resulting in significant financial losses for shareholders after the market reacted to the settlement.

FinTelegram

October 14, 2024

Maltese Samara Asset Group Plans to Launch a Crypto-Related €30 Million Bond!

Malta-based Samara Asset Group (previously Cryptology Asset Group) has mandated Pareto Securities as Sole Manager to arrange a series of fixed-income investor meetings. The company is making waves in the crypto world with its ambitious plans to issue a €30 million ($32.8 million)

FinTelegram

September 30, 2024

U.S. CFTC Charges Fake Commodity Trading Platform with Fraud and Misappropriation Targeting Asian Americans!

The U.S. CFTC filed a civil enforcement action against Aipu Limited, Qian Bai, and Lan Bai, together with Fidefx Investments Limited and Chao Li. The complaint alleges that Bai and Lan Bai, as controlling persons of Aipu, with Fidefx and Li, fraudulently solicited and misappropriated at least $3.6 million from at least 32 customers as part of a fraudulent investment scheme.

FinTelegram

September 22, 2024

Nearly €75 Million of Fiat Heir’s Inheritance Seized Amid Tax Evasion Probe!

Italian authorities have seized nearly €75 million in assets from the estate of Fiat legend Gianni Agnelli, as part of an ongoing investigation into tax evasion. The probe alleges that Agnelli’s wife, Marella Caracciolo, falsely claimed Swiss residency to avoid Italian inheritance taxes, despite evidence showing she lived in Italy from 2010. The seizure is part of an ongoing investigation into alleged tax fraud and fraud against the State.

FinTelegram

September 20, 2024

Does Sam Bankman-Fried’s Appeal Stand a Chance?

Sam Bankman-Fried’s legal team has filed an appeal to overturn his 25-year sentence, arguing that his trial was tainted by bias. The appeal claims that crucial evidence, including the solvency of FTX, was withheld from the jury. However, legal experts are skeptical about the chances of success, given the high bar for overturning such convictions. Lesson to be learned: bankruptcies are dangerous for all concerned.

FinTelegram

September 19, 2024

Global Law Enforcement Action Dismantles Ghost Platform Used by Organized Cybercrime!

In a coordinated international crackdown, authorities have dismantled the Ghost encrypted communication platform, which criminal organizations had used for activities including drug trafficking, money laundering, and violent crime. Over 50 arrests were made globally, and drugs, cash, and encrypted devices were significantly seized. Europol led the operation, which involved law enforcement from nine countries.

FinTelegram

September 16, 2024

A Dutch Case: Money Laundering Charges Against Former Jumbo CEO Frits van Eerd!

Frits van Eerd, the former CEO of Dutch supermarket chain Jumbo, is facing serious legal troubles. He is being prosecuted for corruption, forgery, and potentially money laundering charges. The case stems from a 2022 investigation that led to raids on Van Eerd's properties, where authorities discovered €448,000 in cash stashed in various locations, including a refrigerator. Van Eerd stepped down as Jumbo's CEO in September 2022.

FinTelegram

September 13, 2024

Operation Niflheim: Brazilian Law Enforcement Targets $9.7 Billion Crypto Money Laundering Scheme!

Brazilian Federal Police have dismantled a major crypto-based money laundering operation, dubbed Operation Niflheim, targeting groups involved in laundering over $9 billion since 2021. The operation led to the issuance of eight arrest warrants and 19 search and seizure orders. The scheme used cryptocurrencies to funnel illicit funds from activities like drug trafficking abroad.

USAID in Chaos: Trump and Musk’s DOGE Unleash Digital Warfare on ‘Marxist Viper’s Nest’

The U.S. Agency for International Development (USAID) finds itself at the center of a political firestorm as the Trump administration and tech billionaire Elon Musk's Department of Government Efficiency (DOGE) launch an unprecedented attack on the agency. This developing scandal has sent shockwaves through Washington and beyond, raising questions about the future of American foreign aid.

FinTelegram

Tornado Cash Co-Founder Alexey Pertsev Released: Crypto Privacy Battle Continues!

Alexey Pertsev, co-founder of the cryptocurrency mixer Tornado Cash, was released from prison on Feb 7, 2025, after being incarcerated since his conviction in May 202412. Pertsev, a 31-year-old Russian national, was sentenced to 64 months (5 years and 4 months) in prison by a Dutch court for money laundering charges related to his involvement with Tornado Cash.

Attention: What You Should Know About Crypto-Based ETNs Under MiCA Regulation!

Exchange Traded Notes (ETNs) in the cryptocurrency sector have gained popularity in Europe, offering investors exposure to digital assets through regulated exchanges. With the implementation of the Markets in Crypto-Assets Regulation (MiCAR), which entered into force in June 2023, the regulatory landscape for crypto-based financial products is evolving.

Investor Education: MiCAR’s Asset-Referenced Tokens And How RWA-Backed Crypto May Fit the Definition!

Real-World Asset (RWA)-backed tokens can potentially qualify as asset-referenced tokens (ARTs) under MiCAR, depending on their specific characteristics. ARTs are defined in MiCAR as a type of crypto-asset that aims to maintain a stable value by referencing another value or right, or a combination thereof, including one or more official currencies. The key characteristics of ARTs under MiCAR are:

Uganda’s Central Bank Hacked – Finance Ministry Officials Arrested!

Massive cyber-heist in Uganda! Authorities have detained nine finance ministry officials over a $16.87 million hack targeting the central bank’s IT systems. The cybercriminals, allegedly operating under the alias "Waste", infiltrated accounts and funneled funds out. Investigations are ongoing, with top Treasury officials under scrutiny.