Former FTX CEO Sam Bankman-Fried is seeking a retrial after his conviction for defrauding investors of $8 billion, which led to a 25-year prison sentence. His new attorney, Alexandra Shapiro, argues that Judge
What is a Pig Butchering Scam? A pig butchering scam, also known as a “sha zhu pan” scam, is a type of online investment fraud that involves scammers building trust with victims over
Chinese investors have been falling victim to a new cryptocurrency scam called “point running,” a scheme highlighted by the Public Security Bureau on September 10. This involves victims, often unfamiliar with digital assets,
U.S. authorities have intensified their calls for the release of Binance executive Tigran Gambaryan, who has been detained in Nigeria for seven months. His health is reportedly worsening, with him suffering from a
The Nigerian Naira is expected to stabilise in September due to the end of the high demand season. According to Olaolu Boboye, head research analyst at CardinalStone, the naira will start stabilising in
Tether is focusing on strengthening its regulatory relationships following the UK’s designation of USDT as a distinct form of property. On September 13, the company announced the appointment of Jesse Spiro to lead
A wallet connected to the now-defunct FTX exchange has unstaked 177,693 SOL tokens, valued at approximately $23.75 million, from the Solana network, as revealed by on-chain analytics. Typically, after tokens are unstaked, they
Fifty cryptocurrency exchanges have applied for operational licenses in Nigeria, according to Emonotimi Agama, Director-General of the Securities Exchange Commission (SEC). This follows the government’s shift in its stance on digital assets. Agama
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill, which will officially recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice
The Federal Government of Nigeria has filed criminal charges against four Nigerian crypto dealers and several companies for conducting financial business, including trading USDT (Tether) to Naira, without a valid banking license. The
