SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan,
Those charged included “Mean Girls” and “Falling for Christmas” star Lindsay Lohan, social media personality and boxer Jake Paul and rapper Soulja Boy, according to an SEC release. Porn actor Kendra Lust and musicians Lil Yachty, Ne-Yo, Austin Mahone and Akon were also named in the agency's complaint.
Celebs like Tom Brady, Shaq, Larry David and Naomi Osaka are targets of the crypto class action lawsuit.
The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.
Lohan, Paul, the rapper Akon, recording artists Ne-Yo and Lil Yachty, and adult actress Michele Mason are alleged to have pushed crypto investments to their millions of online followers without revealing they had been paid.
In less than a week, the cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy and became the target of investigations by the Securities and Exchange Commission and the Justice Department.
A crypto millionaire is a person who has amassed millions of dollars through cryptocurrency investments. Some have established lucrative crypto-related enterprises and become rich. However, the path to becoming a crypto millionaire is typically treacherous and arduous.
According to the Federal Trade Commission (FTC), more than 46,000 people reported losing over $1 billion in crypto to various scams from January 2021 through June of 2022, and that figure only includes people who willingly shared this information with authorities.
LONDON, Feb 3 (Reuters) - Self-proclaimed bitcoin creator Craig Wright's lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday.
Changpeng Zhao, the founder and CEO of Binance, is the topper in the crypto richest list, with a net worth of $65 billion. As of March 2022, he was the 19th richest person in the world. The major source of CZ's wealth comes from Binance, in which he owns 70% of the shares.
What can cause a crypto crash? Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates, rising inflation and other macroeconomic factors that can affect how confident people feel investing their money in risky alternative assets.
Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks.
Other celebrities who own Bitcoin include Gwyneth Paltrow and Donald Glover. In 2018, Gwyneth Paltrow endorsed Abra, a cryptocurrency wallet and exchange, and became an advisor.
Like the U.S. dollar, Bitcoin is not backed by a physical commodity, and instead derives its value in other ways. Since Bitcoin doesn't have a centralized entity that enforces its value, and it isn't backed by any commodity, many people mistakenly believe this means Bitcoin doesn't have any value.
So, how to spot a crypto scam? Warning signs to look out for include: Promises of guaranteed returns: No financial investment can guarantee future returns because investments can go down as well as up. Any crypto offering that promises you will definitely make money is a red flag.
Yes, contrary to popular belief, cryptocurrency is traceable with the right tools and expertise. Blockchain ledgers that record cryptocurrency transactions use a unique address of numbers and letters to identify each user.
You can report the scam to the police, the FTC in the US, or the IC3 (IC3). Contact your cryptocurrency exchange or wallet. If the scam involved your cryptocurrency exchange or wallet, you may be able to recover your funds by contacting them. Hire a recovery service: Companies recover lost or stolen cryptocurrency.
Ethereum (ETH) – Overall The Best Next Cryptocurrency to Explode in 2023. Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins.
1. Changpeng Zhao (CZ) – Founder of Binance, Changpeng Zhao (CZ) is one of the richest crypto billionaires in the world.
The Millionaire Maker Coins Shiba Inu, Dogecoin,Pomerdoge, Are You Holding Any of These? Shiba Inu (SHIB), Dogecoin (DOGE), and Pomerdoge (POMD) are considered to be altcoins that can make investors millionaires due to their historic and future growth potential.
Tiantian Kullander, who co-founded the multibillion crypto exchange Amber Group, died while sleeping on Nov. 23 at age 30.