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July 14, 2022

The Celsius Bankruptcy, Crypto Lending, And Regulatory Scrutiny!

The collapse of the crypto lenders Celsius Network and Voyager Digital and crypto hedge fund 3AC is alarming regulators worldwide. Recently, more and more regulators have announced investigations and actions. The California DFPI announced that it is investigating crypto lenders. The regulator warns consumers and investors that crypto lenders may not have adequately disclosed the risks customers face when they deposit crypto assets onto these platforms.

July 13, 2022

Crypto Lender Celsius Network Allegedly ‘Deeply Insolvent’!

The collapsed crypto lender Celsius Network “is deeply insolvent,” alleged the U.S. state of Vermont’s Department of Financial Regulation (DFR), noting that the lender lacks the assets and liquidity to honor its obligations to account holders and other creditors. DFR has joined a “multistate investigation” into the troubled crypto lender and issued a warning. Besides Three Arrows Capital (3AC) and Voyager Digital, Celsius is one of the big crypto schemes that imploded in the Crypto Winter environment.

July 8, 2022

Confirmed! Blockchain.com May Lose $270 Million in Three Arrow Capital Debacle! Stay Away!

FinTelegram has been warning about the Blockchain.com crypto exchange for some time. The company delays payouts and seems to be under financial stress. It was already known that Blockchain.com lost a lot of money in the collapse of the crypto hedge fund Three Arrows Capital (3AC). CoinDesk reports today on the true extent that is frightening. Blockchain.com apparently lost $250 million. We recommend again that all Blockchain.com customers immediately withdraw their funds or stop depositing new funds.

Crypto Schemes

July 7, 2022

Expected! Blockchain.com Clients Call For Criminal Investigations!

We continue to warn against the crypto exchange Blockchain.com. Co-founded by US citizen Peter Smith (@onemorepeter), the crypto exchange has apparently lost a lot of money recently. In early May 2022, the 18-billion Terra-Luna scheme exploded and triggered the collapse of the crypto hedge fund Three Arrows Capital (A3C) shortly after. Blockchain.com was also invested in #3AC and lost a lot of money in the process. Since then, complaints have been mounting on Trustpilot about payouts not being made. Clients start to call for lawsuits and criminal investigations.

July 7, 2022

The Crypto Winter Protocol – From Terra Via Three Arrows Capital To The Voyager Bankruptcy!

On July 6, 2022, crypto broker Voyager Digital filed for Chapter 11 Bankruptcy. With more than 3.5 million app users and over $5.9 billion in..

July 7, 2022

The Cypro Bankruptcy Wave Continues With Voyager Digital!

Following the Chapter 15 bankruptcy filing of collapsed crypto hedge fund Three Arrows Capital (3AC), one of its lenders, the public-listed crypto broker Voyager Digital filed for Chapter 11 bankruptcy in New York. According to a court filing, Voyager has claims of more than $650 million against 3AC. Voyager has approximately $1.3 billion of crypto assets and over $350 million in cash held at a For Benefit of Customers (FBO) account at Metropolitan Commercial Bank. The estimated number of creditors exceeds 100,000.

July 6, 2022

Liquidity Question! Blockchain.com Suffered Losses With Three Arrows Capital Collapse!

Blockchain.com was among the creditors who pushed for the liquidation of collapsed crypto hedge fund Three Arrows Capital (3AC). We have reported several times that Blockchain.com delays withdrawals of its customers with bullshit excuses. Perhaps the cause is a liquidity problem due to the losses suffered with 3AC? Blockchain.com said that 3AC may have defrauded the crypto industry. They intend to hold them accountable. What about Blockchain.com accountability? Whose funds have been invested? The company has not yet disclosed details to its clients!

July 5, 2022

After Three Arrows Capital debacle, Singapore Considers Restrictions For Crypto Market.

Most recently, Singapore has been at the center of the crypto winter. The collapsed crypto hedge fund Three Arrows Capital (3AC) has its headquarters in Singapore, where co-founder Zhu Su is also based. The crash in crypto prices has led to 3AC filing for Chapter 15 bankruptcy in the United States while a court on British Virgin Island ordered its liquidation. The Singapore MAS reprimanded 3AC for providing false information. Now, regulations for crypto companies on the island nation are to be tightened.

July 3, 2022

Collapsed Crypto Hedgefund Three Arrow Capital Applies for Chapter 15 Bankruptcy

FinTelegram reported that a British Virgin Islands court ordered the liquidation of the crypto hedge fund Three Arrows Capital Ltd (3AC) earlier this week. The fund, founded by former Credit Suisse traders Zhu Su and Kyle Davies, managed an estimated $10 billion of assets as recently as March, according to blockchain analytics firm Nansen. While Bloomberg reported that 3AC filed for Chapter 15 bankruptcy to protect its U.S. assets, rumors suggest that liquidators are going for the Singapore assets of 3AC and its founder.

June 30, 2022

Crypto Debacle – Court Orders Liquidation Of Crypto Hedge Fund Three Arrows Capital!

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd (3AC). after creditors sued the crypto hedge fund for failure to repay debts, WSJ reports. Three Arrows Capital suffered losses in recent weeks due to collapsing crypto prices. Bitcoin’s dollar value has fallen by more than a third this month. Former Wall Street traders Zhu Su and Kyle Davies started the crypto hedge fund nearly a decade ago. It had roughly $3 billion in assets under management in April, just before crypto markets cratered.

June 26, 2022

Twitter Battle! Ethereum Founder Vitalik Buterin Bashes Crypto Hedge Fund Manager For $50M Superyacht!

Twitter continues to be the battleground of tech apostles like Elon Musk, Michael Saylor, or crypto pundit Vitalik Buterin. The latest battle aroused around Zhu Su (@zushu), CEO of struggling crypto hedge fund Three Arrows Capital (3AC), who allegedly purchased a superyacht for $50 million. The rumor was brought by @AutismCapital and @FatManTerra and later commented by Ethereum founder and mastermind Vitalik Buterin (@VitalikButerin). The depressed crypto environment only makes envy and ill will run high on Twitter as well.

Compliance Report: Sergey Mendeleev, Garantex, and Exved – The Rising Role of Crypto in Russia’s Sanctions Evasion Strategy

Sergey Mendeleev, a prominent figure in Russia's cryptocurrency scene, has played a central role in the establishment and operation of two key platforms—Garantex and Exved. These platforms have been instrumental in facilitating cross-border payments and crypto transactions, potentially serving as important tools for Russia’s sanctions evasion strategy. Mendeleev's growing influence in this space, coupled with Russia's evolving regulatory framework, positions him as a key player in Russia.

Russia’s New Crypto Strategy for Sanctions Evasion

Russia’s new crypto laws, allowing mining and international payments in digital currencies, are part of a broader strategy to evade Western sanctions and reduce dependence on the U.S. dollar. This move, led by the Central Bank of Russia (CBR), opens up new compliance risks for global financial institutions dealing with Russian entities. The new laws are set to take effect in September for cross-border payments and in November for crypto mining.

Secretive Cyprus Funds Used to Obscure Megayachts and Real Estate Linked to Sanctioned Russian Banker

A recent OCCRP investigation revealed that Cyprus-registered RAIFs were used to hide megayachts and real estate linked to sanctioned Russian banker Andrei Kostin. These secretive funds, managed by Inveqo, allowed clients to avoid disclosing their ownership, raising concerns about the effectiveness of sanctions and regulatory enforcement. The case highlights the challenges of ensuring transparency and preventing financial crime in the global investment landscape.

First-Ever Crypto Seizure in Scotland Under New UK Law

Crypto has undoubtedly become mainstream, particularly in the cybercrime sphere. In a first for Scottish law enforcement, £110,000 in cryptocurrency has been confiscated from John Ross Rennie following a violent robbery. Under new UK rules, police can now seize crypto assets without needing to make an arrest, highlighting a growing focus on tackling digital crime as incidents involving cryptocurrency continue to rise.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.