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Tag: FINMA

March 29, 2019

Envion Case – Swiss Regulator FINMA Ascertains ICO Illegal Activity

In July 2018, the Swiss Financial Market Supervisory Authority FINMA initiated enforcement proceedings against Envion and its Initial Coin Offering (ICO). The investigation was completed..

December 30, 2018

The Court Cases around envion AG And Its Founders

Since the beginning of our envion EFRI initiative and in the interest of the many token holders who have entrusted us with the collection of..

December 19, 2018

Swiss FOREX Bank Dukacopy Receives FINMA Approval for ICO

The Swiss Financial Market Supervisory Authority FINMA has approved the scheduled Initial Coin Offering (ICO) of the Geneva-based Dukascopy Bank. The issue of the so-called..

November 25, 2018

THE ENVION CAUSA: AUTHORITIES ALLEGEDLY ORDER LIQUIDATION

The German law firm CLLB represents several disappointed investors from the ENVION ICO. On 25 November 2018, CLLB partner Istvan COCRON published a status update..

August 29, 2018

US REGULATORS CLEAN UP CRYPTO! WHAT ABOUT THE EU?

While US and Canadian regulators finally started the Operation Cryptosweep to clean up fraudulent crypto companies, the EU is still watching from the sidelines. It’s..

August 26, 2018

ENVION CASE – ANALYSIS OF FIRST ICO-INVESTOR LAWSUIT

ENVION ICO is increasingly becoming a worldwide reference case for legal issues and investors protection in the context of token issuances. With a volume of..

Envion

August 13, 2018

ENVION – ICO INVESTORS FILE LAWSUITS DEMANDING REVERSING OF INVESTMENT

Envion had completed one of the most successful Initial Coin Offerings (ICO) at the beginning of 2018 with $100 million. However, instead of developing crypto..

July 29, 2018

LIQUIDATION OF ENVION UNDER FINMA GOVERNANCE SEEMS TO BE THE VERY BEST ALTERNATIVE FOR ICO INVESTORS

Update July 30, 2018 (11.45am): our reader Maximilian provided additional information on the FINMA action. He rightfully pointed out that the founders’ press release on..

May 18, 2018

ENVION – ANOTHER DODGY ICO BLOWS UP WITH MILLIONS VANISHED INTO THIN AIR

Gooood morning Crypto! Another day another ICO fraud shakes the crypto-scene. The German-Swiss crypto-mining startup, Envion AG, has called on crypto-exchanges around the world to cease..

OpenAI Closes $6.6 Billion Funding at $157 Billion Valuation, Nearly Doubling its Valuation!

The AI pioneer OpenAI under Sam Altman closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. OpenAI’s $157 billion valuation underscores its AI dominance, yet losses loom large. Will Thrive Capital, Microsoft, and Nvidia’s backing help steer the ship through the challenges ahead? Stay tuned for more.

High-Profile Maltese Money Laundering & Corruption Case Continues with Keith Schembri Challenging Forensic Expert’s Impartiality!

Keith Schembri, former Chief of Staff of the Maltese Prime Minister, is accused of money laundering and corruption. His legal team has requested that forensic expert Samuel Sittlington, Police Commissioner Angelo Gafa, and former Deputy Commissioner Alexandra Mamo testify to clarify alleged negotiations for consultancy services during the investigation. The defense calls into question the expert’s independence, further complicating an already contentious trial.

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.