Binance Hits Again at FTX’s $1.76B Lawsuit, Blames Collapse on “Historic Fraud”
Key Takeaways: Binance strikes to dismiss FTX’s $1.76B lawsuit, calling it “legally poor” and blaming FTX’s inside fraud. The lawsuit stems from a 2021 buyback deal, with FTX alleging misuse of buyer funds. Binance defends CZ’s 2022 tweet as a…
Celsius Founder Mashinsky Sentenced to 12 Years for Crypto Fraud Scheme
Alex Mashinsky, the Celsius founder, was sentenced to 12 years in jail for a scheme that unraveled billions in investor funds and belief, Bloomberg reported. Mashinsky, as soon as a vocal promoter of Celsius Community’s sky-high returns, will now spend…
Bitcoin a ‘Fraud,’ Technique Will In all probability Go ‘Bankrupt’
The international equities and gold bug investor with over a billion {dollars} in belongings below administration took a giant swipe at Bitcoin and Michael Saylor’s BTC-accumulating finance firm, previously named MicroStrategy. He stated Technique will go bankrupt over Bitcoin. But…
Title: Man Faces Jail Time After CryptoPunks Tax Fraud Case
CryptoPunks, the long-lasting NFTs that symbolize pixelated avatars, have turn into a significant sensation within the digital artwork world. Nonetheless, this high-value pattern has additionally caught the attention of tax authorities, as one particular person is studying the arduous means….
A CryptoPunks NFT Dealer Indicted For +$13M Tax Fraud
The USA Lawyer has discovered Waylon Wilcox, a crypto and non-fungible token investor, responsible of submitting false earnings tax returns. Through the annual particular person earnings tax return, the NFT dealer intentionally omitted $13 million in earnings from his CryptoPunks…