Watchdog alleges Super Micro is riddled with accounting, sanctions scandals

Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.

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Worldcoin denies insider trading and price manipulation allegations

A Worldcoin spokesperson told Cointelegraph that people covered by their policies are prohibited from disclosing confidential information relevant to WLD purchasing decisions.

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Worldcoin faces scam allegations after extending token lockup by 2 years

Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.

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Celebrity memecoin promoter Sahil Arora banned by X

Despite mounting scam allegations and social media bans, Arora continues to promote celebrity memecoins and partnerships.

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Iggy Azaleas MOTHER memecoin triumphs over scandal-ridden IGGY

The Aussie artist launched her own memecoin as she distanced herself from the scandal-tainted project bearing her name.

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Federal Authorities Reject Allegations of Withholding Evidence in Samourai Wallet Legal Battle

The Federal Reserve recently announced that the Financial Crimes Enforcement Network (FinCEN) has praised Samourai Wallet for promptly disclosing vulnerabilities in its system. This acknowledgment highlights the importance of transparency and collaboration in the cryptocurrency industry to ensure the security and integrity of users’ funds. Samourai Wallet, known for its emphasis on privacy and security, [...]

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Nigerias foreign investment at risk due to Binance bribery allegations

SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.

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Ethereum Layer 2 Blockchain Eclipse Founder Temporarily Reduces Public Role Amid Sexual Misconduct Allegations

Neel Somani, founder and CEO of Ethereum layer 2 blockchain Eclipse, has temporarily reduced his public role amid sexual misconduct allegations, aiming to clear his name. (Read More)

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First Digital Successfully Recovers $26 Million After FDUSD Decoupling, Dismisses Sun Bankruptcy Allegations

First Digital redeems $26 million worth of FDUSD after stablecoin depeg First Digital, a leading blockchain-based platform, recently announced the redemption of $26 million worth of FDUSD stablecoins after the stablecoin depegged from its intended value. This move comes after weeks of uncertainty in the cryptocurrency market, with many stablecoins struggling to maintain their pegged [...]

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CZ Responds Strongly to Allegations of Baseless US Plea Deal Exclusive Statement

As the cryptocurrency community continues to scrutinize the legal actions against industry participants, Binance CEO Changpeng Zhao recently responded to unfounded allegations of a potential plea deal. The baseless claims have been circulating within the industry, prompting Zhao to address the issue and firmly deny any such arrangements. Rumors of a plea deal surfaced after [...]

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SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running Unregistered Securities Offerings The SEC complaint alleges that beginning in December 2019, [...]

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured [...]

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Allegations Rock Upbit Over Alleged $10M Listing Fees

South Korea’s top crypto exchanges Upbit and Bithumb are in troubled waters over charging hefty fees for token listing. In the explosive Wu Blockchain report, several crypto projects have allegedly paid fees to the tune of $2 million and $10 million. Those crypto projects have also alleged links with Upbit’s shareholders and market makers, raising […]

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without undergoing any due diligence, and FTX did not obtain “equivalent [...]

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FTX Founder Allegedly Sought Federal Regulation Before Collapse

FTX founder Sam Bankman-Fried allegedly sought federal regulation for the crypto exchange before its collapse and his resignation as CEO. A leaked email exchange with a top regulator showed Bankman-Fried's intent to meet with the Federal Deposit Insurance Corporation chairman in June 2022. (Read More)

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Gotbit Founder Extradited to US to Face Market Manipulation and Fraud Allegations

The cofounder of Gotbit has been extradited to the United States to face charges of fraud. This development marks a significant step in the legal proceedings against the individual responsible for the alleged financial misconduct. Gotbit, a prominent player in the cryptocurrency industry, has come under scrutiny in recent months due to various accusations of [...]

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OKX Admits Wrongdoing and Agrees to Pay $505 Million in Penalties to Resolve DOJ Allegations

OKX Resolves Anti-Money Laundering Probe with US DOJ Leading cryptocurrency exchange OKX has recently reached a settlement with the United States Department of Justice (DOJ) regarding an investigation into potential anti-money laundering (AML) violations. As part of the settlement, OKX has agreed to implement enhanced AML and know-your-customer (KYC) compliance measures to prevent illicit activities [...]

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Tesla’s Elon Musk Denies Dogecoin Whale Allegations, Attorney Challenges Wallet Associations

According to a recent letter viewed by the press, Elon Musk denies being a dogecoin (DOGE) whale in the lawsuit that accuses the Tesla executive of engaging in pump-and-dump activities with the meme coin token, which allegedly harmed retail investors. Musk’s attorney, Alex Spiro, stated in a written communication to the plaintiff’s lawyer that the [...]

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Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue Cease-and-Desist Order, Citing [...]

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