Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.
Prosecutors reported that they successfully resolved the majority of Bankman-Fried's laptop problems with assistance from the defense earlier this week. Meanwhile, the defense remains steadfast in their pursuit of a "temporary release."
Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They’ll say the company is entering the crypto world by issuing their own coin or token. They might create social media ads, news articles or a slick website to back it all up and trick people into buying.
If you are still interested in Crypto Trading, then look at any of the FCA or ASIC regulated brokers. At brokers like Pepperstone or ForTrade , you will find a legitimate trading environment. Many people get sucked into these offshore scams because they think a $250 gamble is worthwhile.
But here’s the thing: scammers are taking advantage of people’s understanding (or not) of cryptocurrency investments, and how they work. And younger people are losing big. In fact, the FTC’s new data spotlight shows that, since October 2020, nearly 7,000 people reported losses to bogus cryptocurrency investments, adding up to more than $80 million.
Scam artists know no bounds—that also applies to stealing your cryptocurrency. Swindlers exploit various schemes to lure victims into fraudulent crypto investments. They even go as far as entering into fake relationships through dating apps like Tinder.
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