Author: Lucas Peterson
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SEC Charges Former CEO Of Biotech Company CytoDyn With Fraud And Insider Trading!
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The U.S. Securities and Exchange Commission charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading for misleading shareholders about the progress of a clinical research treatment for COVID-19 and HIV. According to the SEC complaint, Pourhassan repeatedly issued press releases exaggerating CytoDyn’s progress on leronlimab, an…
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Green Light For Criminal Proceedings Against Swiss Crypto Special Investigator Marti!
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Criminal proceedings may be conducted against Peter Marti, the special investigator in the leak of the federal crypto affair. The Department of Justice and Police (FDJP) has given the go-ahead for this because it cannot be ruled out that the criminal offences Marti is accused of have been committed.
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The End Of Crypto As We Know It! Auditors Stop Working With Crypto Clients!
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Last week, the French auditor Mazars causes new doubts about the liquitity of ifs crypto clients such as Binance or Crypto.com. It surprising deleted Binance’s PoR audit report from its website and announced the pausing of all activities for all its crypto clients. Mazars also prepared the POR report for…
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Not Profitable! Green German Fintech Tomorrow Terminates A Quarter Of Its Team!
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The economic crisis is hitting the fintech scene particularly hard and it’s not stopping at Hamburg-based startup Tomorrow. The green bank has decided to make drastic staff cuts and terminated a quarter of its workforce on its way to profitability.
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Bafin Chief Mark Branson Wants A Tough Regulation For Crypto But Not To Kill It!
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The public has lost confidence in the crypto space. The collapse of the crypto exchange FTX deals another blow to the market for Bitcoin and Co. In the industry, there is talk of crypto winter and crypto contagion. Bafin boss Mark Branson would prefer to “extend regulation to all areas”. However,…
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Recap: The Demise Of The Wolf Of Sofia And His Afterlife!
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The Israeli Gal Barak and his German partner Uwe Lenhoff were arrested in early 2019. They were the leaders of two closely cooperating international cybercrime organizations, which is said to have looted around €100 million annually via illegal online trading platforms. Bulgaria war their headquarters. The arrest of Barak and…
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Introducing The Controversial Crypto Influencer BitBoy!
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Ben Armstrong was a confessed meth addict, turned pastor and rehabilitation centre director before he established himself as crypto influencer going by the nicknames BitBoy Crypto or BitBoy. He is also the author of a book titled “Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy,”…
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Pointing Finger: Binance Intentionally Caused FTX Collapse Says Mr. Wonderful, Kevin O’Leary!
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Amid the bankruptcy proceedings, the Canadian celebrity entrepreneur and FTX investor star Kevin O’Leary sharply criticized crypto exchange Binance and its CEO Changpeng Zhao, a/k/a CZ, claiming they intentionally caused FTX’s collapse. At a hearing of the Senate Banking, Housing and Urban Affairs Committee, the prominent businessman said Binance is…
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International Law Enforcement Operation Power Off Shuts Down DDoS Services!
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Europol announced that an international law enforcement campaign called Operation Power Off has shut down approximately fifty of the world’s most extensive booter services that allow users to launch crippling distributed denial of service (DDoS) attacks. Law enforcement agencies in the United States, the United Kingdom, the Netherlands, Poland, and…
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PayTech Native Teams Receives €2 Million To Support Remote And Flexible Workers!
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Despite the depressive fintech environment, London-based Native Teams (website), a payment platform for mobile and flexible workers, has received €2 million in a seed round. The round was led by Eleven Ventures, one of the leading early-stage VCs in Southeast Europe. Other leading funds also participated in the round, including…