This last week in crypto saw SBF finally jailed, a fraudster stealing 14 BAYC NFTs from a single victim, and former US president Donald Trump launching his own NFT collectable card collection, to name a few headings.
Scammer steals over $1 million USD of Bored Apes from single victim
However, as soon as they successfully acquired the details they needed, they drained the victims wallet of all their apes and offered them for Ether (ETH) and then right away transformed the ETH to DAI stablecoin.
Ever since, numerous allegations of scams and incriminating videos have been published in various forums, with numerous questioning why the fallen crypto king had actually not yet been arrested..
Additionally, Juan Tacuri, Francisley Da Silva, and Antonia Perez Hernandez have been charged with conspiracy to dedicate wire scams and wire fraud from mid-2017 until the end of 2021 based on their involvement with Forcount..
On the exact same day, the US Securities and Exchange Commission (SEC) also formally issued a civil action problem versus SBF on allegations of scams..
Learn more on Fortune.
On December 14, a Bahamian judge sentenced him to jail without bail in HMP Fox Hill in the Bahamas till his next scheduled hearing on February 8, 2023.
That platform is just accessible to United States residents, the sales website is not and can be accessed here. According to the site, they are priced at just $99 each. There is also a sweepstakes prize draw linked to the collection launch, with each card using the chance to win a special reward like an one-on-one conference with Trump at Mar-A-Lago or one hour of golf with Mr Trump along with two of your pals..
Both scams provided themselves to financiers as cryptocurrency mining and trading business with high return rates, when actually they were just Ponzi plans that used their victims capital to pay out other victims.
United States Justice Department charges nine in 2 crypto Ponzi plans.
On December 15, the UN Refugee Agency (UNHCR), revealed that it would be sending USD Coin (USDC) to displaced Ukrainians Vibrant wallets. The USDC is pegged to the USD and Vibrant has a mobile app. These aspects will make it possible for the recipients to withdraw local currency from any MoneyGram place..
Learn more on the United States Justice Department.
On December 12, FTX founder Sam Bankman-Fried (SBF) was finally apprehended by Bahamian authorities after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian federal government..
FTX declared Chapter 11 personal bankruptcy just over a month earlier in a relocation that shocked the cryptocurrency space and left financiers demanding and reeling for his arrest and the return of their funds..
Read more on CNBC.
Learn more on The Block.
On December 15, previous United States president, Donald Trump, exposed his Polygon blockchain-based digital trading card collection on his Truth Social account..
On December 14, the Tokyo Electric Power Grid (TEPCO) stated in a press release that it is preparing to profit from its excess power by setting up a mining rig..
UNHCR to send out USDC to assist displaced Ukrainians.
Japanese electrical energy business to mine crypto with excess power.
This job will serve as a test-pilot, and if it succeeds, the UNHCR plans on releasing it in other parts of the world.
There are 45,000 NFTs presently readily available for the initial stage, meaning that his team may select to produce more in the future. Each card is restricted edition, implying that there may be multiple copies of somewhere between 1 to 20 copies of each card, however no more than that.
The scammer produced a phony site, a phony partner company, and incorrect contracts to convince the victim that they were a legitimate PR business who were trying to find licensing rights to develop an animated variation of among his apes..
Sam Bankman-Fried lastly arrested.
On December 14, the Department of Justices U.S. Attorneys Office in the Southern District of New York release a statement that they had charged Moses Valdez, David Carmona, Juan Arellano, David Brend, Gustavo Rodriguez and Marco Ruiz Ochoa with conspiracy to dedicate wire scams based upon their involvement with IcomTech between mid-2018 till the end of 2019..
Read more on Web3IsGoingGreat.
Donald Trump exposes NFT trading card collection.
The goal is to supply monetary help to Ukrainians that were displaced by the Russian war versus them that has actually been continuous because February this year. There are around 5,400 such places in Ukraine alone, as well as much more internationally..
On December 17, @sevenseason Tweeted that he had been scammed in a fancy month-long plan that ended in his wallet being drained pipes on 14 Bored Ape Yacht Club (BAYC) NFTs valued at around 852.9 ETH ($ 1,075,000 USD) at the time..
2 significant aspects in this are that firstly the Japanese federal government has actually had a 50.2% stake in the company considering that 2012, and secondly, the business is among the major utility service providers in the nation, with a market cap of approximately 820 billion yen ($ 6 billion USD)..
Check out more on the Canadian Securities Administrators site.
Central Bank of Brazil aims to launch own cryptocurrency by 2024.
On December 12, the Canadian Securities Administrators (CSA) published an update on their policies relating to cryptocurrency trading platforms..
This statement was made at a 3-hour long conference called the Segurança e proteção de dados no mundo digital. They think that this will assist to make banking more accessible to its citizens, in addition to more quickly traceable.
Find out more on Coindesk.
They have actually signed a contract with a local hardware manufacturer TRIPLE-1 to produce the necessary equipment that will then be distributed to various information centres throughout Japan.
Find out more on yahoo!finance.
On December 13, Roberto Campos Neto, the president of the Central Bank of Brazil, announced the nations strategies to release its own reserve bank digital currency (CBDC) by 2024..
Canada updates its regulations for cryptocurrency trading platforms.
Although the CSA initially revealed the requirement for unregistered crypto exchanges to make an application for pre-registration endeavor (PRU) in August 2022, they have actually chosen to appropriately enforce this now, mentioning that, If a platform presently based on securities legislation in Canada does not provide a PRU to its primary regulator or stop operating, the CSA will consider all applicable regulative options to bring the platform into compliance with securities law, consisting of enforcement action..
Part of this compliance consists of restricting cryptocurrency companies from offering leveraged trading to citizens, to name a few specifications.
That platform is only accessible to United States locals, the sales site is not and can be accessed here. According to the site, they are priced at just $99 each. On December 15, the UN Refugee Agency (UNHCR), announced that it would be sending out USD Coin (USDC) to displaced Ukrainians Vibrant wallets. The USDC is pegged to the USD and Vibrant has a mobile app.
