Category: Ponzi Scheme

South African asset manager denies stealing billions from users, claims $5M was lost in hack

South African asset manager denies stealing billions from users, claims $5M was lost in hack

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” 3156 Total views 6 Total shares Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting […]

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With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance

With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance

A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators. 1631 Total views 8 Total shares According to a report from blockchain analytics firm Elliptic, unregistered securities offerings represent more than half of all crypto fines handed out by U.S. […]

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