News with the tag "allegedly"

David Smillie, founder of the now-defunct Canadian crypto exchange ezBtc, is facing allegations of embezzling CAD 13 million (USD 9.5 million) from his users, reportedly using the funds for gambling. A review by the British Columbia Securities Commission (BCSC) found that Smillie siphoned approximat...

Hip-hop mogul 50 Cent allegedly caught in a multimillion-dollar crypto scam defrauding unsuspecting users in just 30 minutes. Novel “GUNIT” meme coin plummets to near-zero value as hackers exploit 50 Cent’s influence in a pump-and-dump scheme. The social media account X of renowned rapper 50 Cent wa...

South Korean web3 gaming giant Wemade, valued at $1.2 billion, is currently facing an investigation by local authorities for potentially evading registration governing governing virtual asset service providers. The probe The post South Korean Web3 Game Developer Wemade Under Investigations for Alleg...

The US Commodity Futures Trading Commission (CFTC) sued Debiex for alleged misappropriation of millions in customer funds. The US Commodity Futures Trading Commission (CFTC) is filing charges against crypto exchange The post CFTC Sues Debiex For Allegedly Misappropriating $2.3 Million In Customer Fu...