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Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison


One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...

Harvard Economics Professor: US Default Could Spark Global Financial Crisis


Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,”...

Marathon Digital Served with Additional SEC Subpoena for Alleged Violations


Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations. The violations referred to in the subpoena are related to a mining facility built by Marathon Digital in Hardin...

NBA Hall of Famer Shaq Served in FTX Investor Suit


A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX....

Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions


Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside...

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