Hackers steal $112 million of XRP Ripple cryptocurrency – TechCrunch
Image credits: David Paul Morris/Bloomberg via Getty Images Ripple’s co-founder and executive chairman revealed on Tuesday that hackers stole approximately $112 million in Ripple-specific cryptocurrency XRP from a cryptocurrency wallet. Ripple’s Chris Larsen said on Wednesday that the stolen cryptocurrency belonged to him.Larsen I wrote to X (Formerly Twitter) “Several of my personal XRP accounts […]
DOJ and SEC unveil charges in $1.9 billion cryptocurrency fraud scheme – CNBC
According to Acting Assistant Attorney General Nicole Argentieri of the Justice Department’s Criminal Division, the three defendants indicted by the Justice Department allege that Hyperfund’s investors received “huge amounts of profits paid from a virtual currency mining business that does not actually exist.” ” and made a false claim. “The level of alleged fraud here […]
Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It – The New York Times
A Denver pastor who said God told him to sell cryptocurrencies that cannot be redeemed for cash was used by prosecutors to sell digital coins that were “virtually worthless” and use the proceeds to support a “luxury lifestyle.” He and his wife are facing a civil lawsuit for doing so. Lifestyle. ” Pastor Eligio Regalado […]
Cryptocurrency, Beanie Baby comparison made again in Coinbase case – USA TODAY
Cryptocurrency is just another version of Beanie Babies. coinbase Lawyers told the court they oppose classifying the currency as a security. The lawyer said virtual currencies are more like collectibles than actual shares in a company. “There's a difference between buying Beanie Babies and buying Beanie Babies,” Coinbase lawyer William Savitt said. bloomberg. Savitt likened […]