A slew of late court filings by lawyers representing Mirror Trading International (MTI) investors has forced a South African judge to postpone the hearing of the liquidators’ application to have the online bitcoin scam declared an illegal business. Concern Over Implications of Declaration Order As a Mybroadband report explains, the investors’ belated decisions to oppose […]
Archives for September 2021
B.I Officially Sentenced To 4 Years Probation For His Drug Case
B.I has officially been sentenced to four years of probation for his drug case dating back to 2015. On September 10 KST, Seoul Central District Court judge Park Sa Rang sentenced B.I to four years of probation, with 3 years in prison should he violate the terms of probation for violating the Narcotics Control Act. […]
Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $ 400 million annually if the Chivo […]
Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto pyramid which is believed to have defrauded millions of investors in the Russian Federation and surrounding regions. Kazan Police Detain Finiko Vice President Police in […]