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December 21, 2022

FTX Founder Sam Bankman-Fried Extradited To The U.S.

Sam Bankman-Fried aka SBF, founder and former CEO of the bankrupt crypto exchange FTX, was arrested in the Bahamas last week at the request of U.S. authorities. Since the court denied him the requested release on bail, he had to sit in the notorious Fox Hill prison. This is likely to have led him not to invoke extradition to the U.S. He is expected to be flown to the U.S. today where he will face trial on the charges, according to a CNBC report. A release on bail does not seem likely.

December 20, 2022

Wirecard Trial #3: Wirecard Was A Fraud System And A Cancer!

On Day 3 of the Wirecard Trial, the prosecution's key witness, Oliver Bellenhaus, is called to testify. The former director of the Wirecard business in Dubai speaks quietly and extremely quickly. He wants to get his testimony over with as quickly as possible and avoids any eye contact. In essence, he confirms what he has already said during the questioning at the public prosecutor's office. The TPA system was a big fraud, audit data was faked, and Wirecard was a cancer, Bellenhaus told the court.

December 19, 2022

That’s Malta, Stupid! The EU Should Start To Ask Critical Questions About Money Laundering!

A new study calls Malta a money laundering hub in connection with gambling activities. Nothing new here! In May 2017, whistleblower Valery Atanasov, a former MGA employee, exposed email exchanges that demonstrated that the regulator had broken its own rules between 2012 and 2014 and created "conditions that allow suspicious financial operations, money laundering, and other criminal practices.” Joseph Cuschieri, the then-CEO, was awarded the post of CEO of the Malta Financial Services Authority (MFSA).

December 19, 2022

Whistleblower Request: High-Risk Payment Processor NomuPay, Wirecard, And Payvision!

We have received whistleblower information that NomuPay, a payment processor established in 2021, is has taken over part of the businesses of Wirecard and Payvision. One of the masterminds behind NomuPay is said to be Payvision founder and former CEO Rudolf Booker a/k/a Rudy Booker. NomuPay has reportedly taken over parts of the high-risk business of Payvision and Wirecard and is focusing on Asia andTurkey in addition to Europe. We would like to know more about NomuPay and its network of partners and merchants.

December 18, 2022

FTX Court Case: Crypto Enemy #1, Sam Bankman-Fried, Allegedly Agrees To Extradition!

Crypto enemy #1, Sam Bankman-Fried, aka SBF, the disgraced founder and former CEO of crypto exchange FTX, is expected to agree to extradition to the United States, according to an NYT report. In the U.S., SBF, 30, has been charged with fraud, misappropriating customers’ FTX funds to make lavish real estate purchases, invest in other companies, and donate funds to politicians. SBF was arrested last Monday in the Bahamas. He was denied bail and transferred to the notorious Fox Hill prison.

December 18, 2022

Judgment day is fast approaching for Malta’s FIAU!

Malta’s Financial Intelligence Analysis Unit (FIAU) has been sued by more than a dozen companies and professionals. The authority is accused of having breached Malta’s Constitution and the European Convention for Human Rights, given that it acts as judge, jury, and prosecutor. The same entity that decides whom and when to investigate or not carries out the investigation and then decides on the punishment to be given has been trying to defend itself at Malta’s courts.

December 17, 2022

Attention: Blockchain.com Fund Recovery Scam With The 2-Year Inactivity Approach!

We have been informed that scammers pretending to be Blockchain.com support agents are sending out emails informing the receiver that they have Bitcoins on a frozen account. However, the account was frozen and disabled from the system for the reason of not showing any activity for a period of time of more than two years. The account would remain frozen until the owner provides proof of identity (POI) and proof of address (POA) by uploading documents. Do not fall for these scammers!

December 16, 2022

Don’t Always Look At Crypto! Danske Bank, Fraud, Scam Facilitation, And Money-Laundering!

You don't always have to point to the crypto segment and FTX when discussing scams, fraud, and money laundering. Traditional Danish banks like Danske Bank or KBH Andelskasse have long been known for this. On December 13, 2022, the SEC entered into a $400 million settlement with Danske Bank for money laundering. On the same day, the U.S. Department of Justice (DOJ) announced that the largest Danish bank had pleaded guilty today and agreed to forfeit $2 billion.

December 16, 2022

FTX Fraud Case: Corrupted US Regulators?

Influential members of the crypto community on Twitter have been among the harshest critics of Sam Bankman-Fried (SBF) and his FTX crypto exchange for years. We know that FTX misused up to $8 billion in customer funds before filing for Chapter 11 bankruptcy. A significant portion of the misused funds was used to corrupt politicians, celebrities, and the media. While the FTX fraud unfolded, U.S. regulators allegedly stood by and watched, Twitter users expose.

December 15, 2022

How Online Payment Pioneer Became A Black Mirror Episode? Will Twitter Become An Alternative?

PayPal pioneered new-generation online payment services almost 25 years ago. You could send and receive money simply and easily via your email address. It was a cheap alternative to credit cards and banks. PayPal was founded by today's tech giants Peter Thiel, David Sacks, Max Levchin, and Elon Musk. In recent years, PayPal has systematically earned a bad reputation. Musk refers to PayPal as a Black Mirror episode and indicates that Twitter might soon become an alternative.

December 14, 2022

Fraud! Sam Bankman-Fried And FTX People Manipulated Its Software To Divert Customer Assets!

According to the SEC fraud complaint and a Reuters report, FTX manipulated its software to grant Alameda Research, the hedge fund owned by FTX founder Sam Bankman-Fried (SBF), special treatment, including a feature on that prevented the automatically sale of Alameda's assets if it was losing too much borrowed money. If these revelations are true, it disproves SBF's previous strategy that losing customer assets would have been just a mistake. This is classic fraud.

December 13, 2022

The Arrest Of FTX Founder Sam Bankman-Fried May Set Stage For Next-Generation Crypto Scene!

That came as a surprise. For a long time, the Twitter community demanded the arrest of FTX founder Sam Bankman-Fried (SBF) after around a million customers had lost billions with the collapsed crypto exchange. Monday evening, he was now arrested by police in the Bahamas after U.S. prosecutors brought a still-sealed indictment. He is now apparently to be quickly extradited to the U.S. to answer questions from prosecutors there. It's time for a reboot of the crypto scene.