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Mandy Williams



Articles by Mandy Williams

These Crypto Executives Have Stepped Down Since the Market Crash in May

4 days ago

Change is in the air as the crypto space continues to see top executives step down from their roles amid the market crisis that stemmed from the Terra Luna fiasco and the Federal Reserve’s continuous interest rate hike, which negatively impacted the global financial market.
The change in crypto-related executive leadership started with Twitter co-founder Jack Dorsey stepping down from the company’s board of directors in May. While Twitter is not a crypto-focused firm, Dorsey is a renowned Bitcoin proponent. He got the social media giant involved in such matters, such as integrating crypto hashtags and launching an NFT collection.
Compass Mining Lost Two Key Executives
As the crypto winter intensified in June, bitcoin mining hosting and brokerage services firm Compass

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Crypto Lender Nexo Acquires Stake in US Chartered Bank

7 days ago

Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Comptroller of the Currency. 
The deal will allow the crypto lender, which has around $4 billion in assets under management, to further scale its financial product offerings across the US crypto market and strengthen its foothold in the region. 
Nexo to Offer Crypto Services to US Customers 
Under the acquisition agreement, Nexo will offer retail and institutional customers in the US a broad range of services, including opening bank accounts, asset-backed loans, and card programs. The company will also provide users with escrow and custodial solutions through Summit National Bank

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CryptoCom Secures Regulatory Approval in France

8 days ago

Singapore-based digital asset exchange CryptoCom has received a license from the French regulatory authorities Autorité des marchés financiers (AMF) to operate in the country as a digital asset services provider (DASP). 
The approval was granted after the exchange was cleared by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The ACPR is an independent administrative authority that exercises prudential supervision of regulated financial firms in France. 
CryptoCom Passes Regulatory Scrutiny 
According to the official announcement, the exchange was subjected to scrutiny relating to money laundering activities and combating financial terrorism before receiving the license to offer its products in compliance with local laws. 
The move aligns with CryptoCom’s

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Bitcoin Miners Still Use 62% Fossil Fuels: Research

9 days ago

A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. This means renewable sources only amounted to 38% of the total energy consumed by BTC miners this year. 
As a Proof-of-Work (PoW) blockchain, processing and validating BTC transactions (mining) requires high computational power and solving mathematical puzzles with powerful computers that consume large amounts of energy. 
Coal Becomes Highest Single Power Source for BTC Mining
The research, delivered to the CCAF’s Bitcoin mining data index Cambridge Bitcoin Electricity Consumption Index (CBCI), highlights the drastic changes in Bitcoin electricity mix consumption over the past

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Avalanche Integrates Layer-2 Scaling Solution Boba Network

15 days ago

Ethereum layer-2 protocol Boba Network has announced the launch of its L2 scaling and augmenting solution on the Avalanche blockchain. 
In a press release shared with CryptoPotato on Wednesday, Boba noted that the latest integration with Avalanche would further boost its status as a leading L2 scaling solution and provide developers network with a new low-cost ecosystem to build dApps.
Avalanche Developers to Leverage Boba’s Hybrid Compute
The integration allows Avalanche developers to access Hybrid Compute, one of Boba’s flagship products that enables smart contracts to interact seamlessly with Web 2 APIs. 
Using Boba’s Hybrid Compute solution, developers can leverage real-world data and off-chain computing to create applications with real utility. 
Additionally,

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ConsenSys CEO Says Ethereum Merge Is Third-Biggest Event in Crypto 

22 days ago

With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry. 
According to Lubin in a recent interview with Bloomberg TV, the first event was the birth of Bitcoin in 2009, while the second was the creation of Ethereum in 2015.
“In terms of impact, in the history of our ecosystem, there have been two major events so far. The advent of Bitcoin and the development of Ethereum, a much more programmable and expressive blockchain technology. The slot’s in as number three in my opinion,” he said. 
Users Will Encounter No Issues
Lubin noted that although everyone thinks

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South Korean Prosecutors Launch New Investigation Into Terraform Labs: Report

22 days ago

While the Terra/UST $60 billion fiasco appears to be gradually dying down, South Korean prosecutors have revealed plans to launch a fresh investigation into the firm and its executives.
According to a recent report by the Korean Herald, the Financial and Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutors Office has met with several crypto experts and financial regulators to review Terra tokens.
Terra Tokens Could Be Securities 
Per the report, Korean prosecutors aim to determine whether to categorize Terra’s digital assets under securities, including its native token, LUNA. For the longest time, financial regulators have been working to determine which crypto assets are categorized as securities and non-securities. 
While several experts

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Hackers Exploit Bill Murray’s Wallet to Steal $185K in ETH Intended for Charity

September 4, 2022

Famous American actor and comedian Bill Murray has become the latest victim of hackers, losing $185,000 worth of Ether (ETH) just a few hours after closing his non-fungible token (NFT) charity auction. 
According to on-chain data from Etherscan and additional information from Murray’s team, the hackers breached and started to drain the actor’s wallet at around 7:00 p.m. ET on September 1. 
Hackers Steal Sick Girl’s Donation
The attack occurred after Murray completed the auction of an exclusive NFT from the “Bill Murray 1000” NFT collection hosted on the Coinbase NFT marketplace earlier this week. The auction raised 119.2 ETH, worth over $185,000 at the time of writing. 
The proceeds from the NFT auction were supposed to be donated to a non-profit called Chive Charities to

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Binance Uncovers Two Suspects Tied to KyberSwap $265K Hack

September 3, 2022

Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week. 
Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement agencies. 
KyberSwap Suffers Frontend Attack
On September 1, the DEX protocol suffered a frontend security breach, allowing hackers to steal assets worth thousands of dollars from users. 
According to the project, the attackers launched a malicious code on the protocol’s Google Tag Manager (GTM), prompting false approval that allowed them to move funds to their wallets. 
The KyberSwap team disclosed that

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Celsius Files to Resume Withdrawals for Select Customers

September 3, 2022

Several weeks after filing for bankruptcy protection, the troubled cryptocurrency lender, Celsius Network, is seeking court approval to allow a small group of customers to withdraw their digital assets.
In a Thursday filing with the United States Bankruptcy Court for the Southern District of New York, the crypto lender motioned for customers’ assets held in its Custody Program and Withhold Accounts to be released to the owners. 
Celsius to Release $50M worth of Assets to users
The motion seeks to release approximately $50 million of the over $225 million held in the Custody Program and Withhold Accounts only to users whose assets always existed in the two account types. 
By design, Celsius’ Custody and Withhold Accounts served as storage wallets while allowing users to

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Ronin Hackers Have Moved The Stolen $625M to Bitcoin Network: Report

August 21, 2022

Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero.
Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to trace the movement of the funds. But Tornado wasn’t the end as the hackers took further steps in obscuring the transactions.
Follow the Money
₿liteZero said he has been tracking the stolen funds and noticed that the attackers had transferred all the assets to the Bitcoin protocol using a network bridge and several crypto exchanges.

I’ve been tracking the stolen funds on Ronin Bridge.I’ve noticed that Ronin hackers have

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NFL Team Houston Texans Now Accept Bitcoin Payments for Game Suites

August 20, 2022

The professional American football team, Houston Texans, has become the latest National Football League (NFL) team to accept Bitcoin as payment for its single-game suites. The club said it had already made its first crypto sale after selling a suite to digital marketing agency EWR Digital.
Single game suites are exclusive football viewing spaces in stadiums that accommodate a small number of fans who want access to unique benefits such as food and beverages and a preferred gameday experience.
Houston Texans Partners BitWallet
The development is part of a partnership deal with U.S.-based cryptocurrency platform BitWallet. According to the announcement, the latter has become the Official Digital Currency Wallet of the Houston Texans.
BitWallet will facilitate crypto payments

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Charles Hoskinson Disbands Criticism, Says 1.35.3 Code Tested for Months

August 19, 2022

Cardano co-founder Charles Hoskinson has responded to critics who claim that the Vasil hard fork is being rushed after a critical bug was identified in version 1.35.2, which was supposed to be used for the upgrade.
Hoskinson noted that everyone, including the network’s stake pool operators (SPOs), has thoroughly tested the code for months. He added that the vulnerability in 1.35.2 was removed in version 1.35.3, released earlier this week after the bug was found.
Hoskinson: Retesting 1.35.3 Code Will Only Hurt Devs
Hoskinson stated that the Cardano community could decide to postpone the launch of Vasil for a few months and test the code again, which has already been “a dozen times.” He, however, argued that retesting the code would not benefit DApps developers who have been

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Tether Hires New Auditor BDO Italia For Monthly USDT Reserves Report

August 18, 2022

Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves. 
The USDT issuer said it plans to release its attestation reports every month, replacing the previous quarterly reporting arrangement. 
Tether Hires Major European Auditor
Founded in 1965, BDO Italia is an Italian financing advisory and accounting auditing firm, the world’s fifth largest public accounting organization in terms of revenue. 
According to Tether, the decision to work with the BDO is part of its commitment to be more transparent in its attestation report to customers.

“This new relationship aligns with Tether’s dedication to transparency and is the next step in the company’s path toward a

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Bitcoin Miner Stronghold Returns 26,200 Mining Rigs to NYDIG to Clear $67M Debt

August 17, 2022

Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure.
The mining company also intends to restructure a convertible note for cash after receiving a binding commitment letter from private credit investment manager WhiteHawk Capital to amend its financing agreements.
Stronghold Repays $67 Million Debt to NYDIG
Stronghold will return about 26,200 bitcoin mining rigs to NYDIG to eliminate all of its $67.4 million outstanding debt to the lender, the company said on Tuesday in a press release.
The bitcoin miner released its Q2

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Asset Manager Monochrome Receives Approval to Launch Spot Bitcoin ETF in Australia

August 17, 2022

Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs).
According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs.
Monochrome Bitcoin ETF
The firm noted that the products, dubbed the Monochrome Bitcoin ETF, give retail investors direct insured exposure and experience to the performance of Bitcoin, Ethereum, and other cryptocurrencies. However, the asset manager did not reveal when the product would be available for trading.
“The regulator’s approval of this license variation represents a major

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EOSIO Rebrands to Community-Led Protocol Antelope

August 17, 2022

Community-driven protocol Antelope has forked and rebranded the EOSIO 2.0 codebase through a coalition of four EOSIO protocol-based blockchains led by the EOS Network Foundation.
The coalition, established in January, consists of EOS, Telos, WAX, and UX Network. Each chain will share Antelope’s underlying blockchain codebase while working together to accelerate the development of the core protocol.
EOSIO Coalition Unveils Antelope
According to a press release shared with CryptoPotato, Antelope’s Github repository and website have been made public. The protocol describes itself as an open framework for building fast, secure, next-generation decentralized applications (dApp) and Web3 services.
“The release of Antelope is the culmination of an historic effort undertaken by

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Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

August 14, 2022

Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin. 
Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project. 

We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD1/
— Acala (@AcalaNetwork) August 14, 2022
Acala Suspends On-chain Activities
Onchain data reveals that most of the minted stablecoins are still in the Acala

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Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

August 12, 2022

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users. 
Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets. 
Binance to Return Funds to Curve Finance Users
According to CZ, Binance will return the recovered $450,000 to the victims. The exchange is currently working with law enforcement to make that happen. 

Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the

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Astar Network Partners Acala to Boost DeFi on Polkadot

August 10, 2022

Polkadot’s innovation hub Astar Network has partnered with DeFi network Acala to boost decentralized finance (DeFi) by unlocking new opportunities and rewards for developers in the Polkadot ecosystem. 
The two entities have joined forces to launch a new DeFi program dubbed “Astar x Acala DeFi Rising.” 
The DeFi Rising Program
According to a press release seen by CryptoPotato, the program will allow developers to build apps on Astar’s dApp ecosystem while leveraging Acala’s suite of DeFi products, including deep liquidity from native assets such as aUSD, LDOT, and ACA. Developers will also receive rewards from Astar ecosystem teams. 
In addition, projects that create utility for aUSD on Astar can receive funding from Acala’s $250 million aUSD Ecosystem Fund and Astar’s

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Do Kwon Advises Against Burning LUNA Days After Sharing a Burn Address

May 23, 2022

Earlier this month, the crypto industry suffered a huge setback after Terra’s algorithmic stablecoin UST depegged from the US dollar and caused LUNA to lose 99.9% of its value.
Shortly after the crash, Terraform Labs’ CEO Do Kwon proposed a revival plan for the Terra ecosystem. It centered on forking the current chain, abandoning UST, and creating a new token that will be distributed to investors based on the losses they incurred during the catastrophic event.
Do Kwon Shares Burn Address
The proposal was met with skepticism from members of the crypto community who suggested that Terra should burn LUNA instead to reduce the circulating supply of the asset.
As the pressure from the community continued to mount, with the hashtag #LunaBurn trending on Twitter, Kwon decided to

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South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report

May 19, 2022

South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties.
The Genesis
According to local reports, the tax agency first launched an investigation into Terraform Labs and its subsidiaries in June last year on suspicion of corporate and income tax evasion.
The investigation found that two of the company’s subsidiaries were registered abroad in the Virgin Islands and Singapore. However, while the entities had foreign registration, the place of actual management of the firms was in South Korea.
In the country, corporate tax laws treat foreign-registered companies as domestic entities if the management and operations of firms are conducted in the

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Solana-based DeFi Land Launches its First Play-to-Earn Game

May 18, 2022

DeFi Land, a multi-chain agriculture simulation gaming project built on the Solana blockchain, has unveiled its first play-to-earn game created to gamify all aspects of decentralized finance (DeFi).
DeFi Land Launches New P2E Game
As per the press release shared with CryptoPotato, the game, scheduled to go live on May 18th at 8 PM UTC, will allow players to fish, shoot, farm, drive harvesters, carter for pets and do lots more.
In return, players will earn DFL and GOLDY, the governance and in-game tokens of the DeFi Land ecosystem. Players can use these tokens to upgrade, customize, craft, and repair their in-game non-fungible tokens (NFTs).
Players are required to own at least one DeFi Land Gen-0 NFT before they can access the P2E feature. The NFT collection currently has

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Dogecoin Co-Founder Says 95% of Crypto Projects Are Scams, Elon Musk Reacts

May 17, 2022

Billy Markus, co-founder of the popular memecoin Dogecoin (DOGE), said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer.
Markus: 95% of Crypto Projects are Scams
In a recent tweet, the Dogecoin creator argued that 95% of cryptocurrencies are worthless as they have succeeded in destroying the reputation of the entire industry.
According to Markus, top traditional financial players and most mainstream internet users have labeled the entire digital asset landscape as “garbage” and a scam because of the existence of bad players and projects within the space.

the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and

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Alan Howard’s Crypto Company Bags $70M in a Funding Round Led by Barclays and Goldman

May 16, 2022

Two of the world’s major investment banks, Goldman Sachs and Barclays, recently participated in a $70 million Series A funding round for Elwood Technologies, the crypto trading platform founded by British hedge fund billionaire Alan Howard.
Goldman Sachs and Barclays Invest in Elwood
According to a Sunday report by the Financial Times, this funding round marked the first time that Elwood Technologies has sourced outside financing and brought the company’s valuation to $500 million.
The fundraising event saw contributions from several other notable investors, including crypto-friendly German bank Commerzbank, venture capitalist Dawn Capital, and Mike Novogratz’s Galaxy Digital.
Elwood Technologies currently provides institutional investors with crypto portfolio management

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Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco

May 16, 2022

The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market.
Following the market meltdown, global financial regulators started proposing different legislations to regulate stablecoins better and prevent similar incidents from occurring in the future.
UK to Legalize and Regulate Stablecoins
Over the weekend, the United Kingdom Treasury revealed plans to legalize stablecoins as a payment medium in the country. Per the report by The Telegraph, the new development includes plans to regulate stablecoins, which comes as part of the financial legislation mentioned in the Queen’s Speech.
“Legislation to regulate stablecoins, where used as a means of

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Australia to Focus on Crypto Taxation This Year

May 16, 2022

The Australian Taxation Office (ATO) announced Monday that it will focus on digital assets this year as it expects to see more Aussies report capital gains or losses in their tax returns.
Aussies Are Engaging With Crypto
The tax regulator treats crypto assets as digital property, hence Aussies who sell their digital assets, including non-fungible tokens (NFTs), are expected to calculate and record their capital gains or losses in their tax returns.
For clarity, capital gain or capital loss is the difference between the price of an asset at the time it was purchased and the price at the time it was disposed of.  According to the ATO, disposal occurs when the digital asset holder sells, gifts, trades, converts, or uses it to obtain goods or services.
The ATO’s Assistant

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Costly Mistake: Someone Just Sold a Bored Ape NFT for 200 USDC

May 15, 2022

When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC.
BAYC Holder Sells Ape #6462 for $200
On Sunday, Boredapebot, a Twitter handle that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that someone sold Ape #6462 for a measly 200 USDC ($200).
Bored Ape #6462. Source: OpenSeaBAYC is one of the most expensive NFT collections in the market, with its floor price currently at 101.75 ETH ($206,000). Considering that Ape #6462 has some of the rarest attributes, which include a bone necklace, police motorcycle helmet, and a bored pizza, it is possible

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Michael Owen Criticized for Bold Claims That His Legacy NFT Collection Can’t Lose Value

May 15, 2022

Earlier this week, former English football star Michael Owen, alongside his business partner Oceidon, a Guernsey-based blockchain technology provider, rolled out a new non-fungible token (NFT) project dubbed Legacy. However, it quickly drew criticism.
An NFT Collection That Doesn’t Lose Value?
The partners claimed that the NFT collection was designed in such a way that its floor price can only increase but never go down, making it the first of its kind.
According to The Telegraph, Andrew Green, the co-founder of Oceidon, told users that they had devised a mechanism to ensure that the NFTs do not lose value even when there is low demand.
“We have come up with a way to prohibit people selling the NFTs for less than what they initially acquired them for,” Green said.
The duo

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Crypto Trader Sentenced to 3.5 Years in Prison for $5 Million Fraud

May 14, 2022

The United States Department of Justice (DOJ) has sentenced a 25-year-old Rhode Island cryptocurrency trader, popularly known as Coin Signals, to 42 months in prison for defrauding over 170 people of more than $5 million.
Coin Signals Trader Convicted
According to an official press release, the convict, Jeremy Spence, had solicited funds from investors via several crypto investment pools, which he ran from November 2017 to April 2019.
He created and managed several crypto funds, including the three biggest ones – the Coin Signals Bitmex Fund, the Coin Signals Alternative Fund, and the Coin Signals Long Term Fund. Spence claimed that his trades were doing well and generated enormous profits, prompting investors to send him cryptocurrencies like BTC and ETH to operate on

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