Tag: BitFinex

BTC is the sun above the crypto ETFsU
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March 1, 2024

U.S. Government Cashes in $922 Million in Seized Bitcoin Amid Price Surge

In a striking demonstration of timing, the United States government executed a massive transfer of $922 million worth of Bitcoin, coinciding with the crypto's milestone breach of the $60,000 threshold for the first time in two years. This significant move involved funds previously confiscated from the Bitfinex exchange hack in 2016, marking a pivotal moment in the government's handling of seized digital assets.
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Binance transfers Russia business to CommEXB
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January 19, 2024

Binance’s Remarkable Resurgence Post U.S. Settlement: Dominating the Crypto Exchange Market!

In an extraordinary turn of events, Binance, the world's leading crypto exchange, has demonstrated a formidable comeback following its legal settlement in the United States, solidifying its position as the top global crypto exchange. As of January 19, 2024, the Binance coin BNB has been trading at $312, up 38% since Nov 21, 2023. This is an impressive testament to the growing investor confidence in Binance's stability and potential.
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FinTelegram explains Bitfinex and Tether crypto schemesU
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November 15, 2023

UK Watchdog FCA With Updated Warning Against Crypto Exchange Bitfinex!

The regulators are currently taking strict action against crypto transactions. Regulators in the US and UK in particular are taking massive action against unregistered crypto providers, including Binance, which currently do not have a license in the US or UK, have already noticed this. In Oct 2023, the UK FCA issued a warning against Bitfinex, the group associated with the stablecoin Tether.
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The path to cyberfinance is covered with bankruptcies and trialsT
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October 10, 2023

The Rise, Crisis, Consolidation, And Reboot of the Global FinTech Scene!

The global financial landscape has undergone a seismic shift over the past two decades, with FinTech and cryptocurrencies at the forefront of this transformation. However, with innovation comes challenges, and the FinTech scene has seen its fair share of highs and lows. From the meteoric rise of companies like Wirecard to the subsequent crises faced by crypto giants, the journey has been tumultuous. Here is a summary and a glimpse into the future.
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Binance lost FCA-regulated Paysafe for GPD transactionsC
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April 23, 2023

Class Action Lawsuit Against Delisted Crypto Company Eqonex, Binance Group, And Changpeng Zhao!

In February 2022, Eqonex had reportedly become the first crypto company to receive a listing on NASDAQ via a SPAC construction. Eqonex filed for judicial administration with the High Court of Singapore to restructure its debt. In February 2023, the company received a notice from Nasdaq that the company's shares would be delisted on March 1, 2023. On 22 April 2023, the U.S. law firm Rosen Law announced a class action lawsuit against the former Binance affiliate.
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FinTelegram explains Bitfinex and Tether crypto schemesB
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February 3, 2023

Background Information On The Operators Of The Tether Stablecoin Scheme!

Tether (USDT) is a cryptocurrency pegged to the US dollar and is often used as a stablecoin. A network of companies around Tether Holdings Ltd and Tether Limited operates the scheme. The ownership structure has been the subject of significant speculation and controversy. Online gaming entrepreneur Brock Pierce and Italian plastic surgeon Giancarlo Devasini established Tether Holdings in 2014 in the British Virgin Islands. The Tether scheme is closely intertwined with crypto exchange BitFinex.
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Celsius founder Alex Mashinsky sued for crypto fraudC
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January 7, 2023

Crypto Court Season: Disgraced Celsius Founder Alex Mashinsky Sued For Crypto Fraud!

She did it again! She is famous for going after crypto schemes and their operators. New York Attorney General Letitia James filed a civil lawsuit against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars with his crypto lending scheme by hiding its true financial situation. Mashinsky allegedly continued to promote Celsius as a safe alternative to banks and paid up to 17% interest on deposits while already deep in shit!
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Disastrous Trustpilot ratings of crypto exchangesT
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September 8, 2022

The Disastrous Trustpilot Ratings Of Crypto Exchanges And The Exceptions CEX, Oobit, And BitPanda!

The well-known crypto exchanges like Coinbase, Binance, Crypto.com, or FTX seem to have a problem with their customers. On Trustpilot, most of the top crypto exchanges have scam ratings with customers complaining about unfounded blocked accounts and problems with customer service. Exceptions are CEX.io, Oobit, or BitPanda, which stand out like a lighthouse on Trustpilot. With 4.7-stars and 4.1-stars respectively, CEX.io and BitPanda apparently perform incredibly better than their international competitors.
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Lisa Monaco changed cybercrime strategyU
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February 20, 2022

U.S. law enforcement will prioritize thwarting cybercrime to arrests!

In fighting cybercrime, the U.S. Justice Department will focus more on preventing further harm to victims, even if it means tipping off suspects and jeopardizing arrests, U.S. Deputy Attorney General Lisa Monaco explained. Law enforcement must keep pace with the cybercriminals who exploit innovations as fast as the marketplace produces them. The FBI is investigating more than 100 different ransomware variants.
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Crypto Bull Market continues despite CFTC orderN
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October 16, 2021

No Impact! CFTC penalizes Tether with $42.5M for their false USDT narrative!

Bitcoin (BTC) broke through the $60,000 mark yesterday with apparent ease despite the apparent realization that Tether has lied to the market about their stablecoin USDT. The U.S. CFTC issued an order simultaneously filing and settling charges against the Tether group of companies d/b/a Tether for making untrue or misleading statements and omissions of material fact in connection with USDT. Some experts believe that this bull leg could take BTC to $100,000 by the end of the year.
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Crypto Capital Corp scheme with Bitfinex and Reginald FowlerU
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November 3, 2020

Update on the Crypto Capital Corp Shadow Banker Case

The superseded indictment against U.S. citizen Reginald Fowler and his Israeli partner Ravid Yosef was unsealed in early 2019. They are charged with operating an unlicensed money transmitting business, bank fraud, and wire fraud. All this is said to have been done on the basis of cryptocurrencies and hundreds of millions of dollars are said to have been moved around the globe. This case is closely connected to the Bitfinex Case around a lawsuit.
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iFinex response to New York General AttorneyB
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July 24, 2019

Bitfinex and Tether case in New York – Another bid for matter dismissal

In an explosive filing on April 25, 2019, the New York Attorney General alleges that the crypto-exchange Bitfinex conspired with Tether, a closely related entity..
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