Cryptocurrency News TheBitTimes.com

The Securities and Exchange Commission (SEC) has issued a temporary restraining order against a Utah-based company, DEBT Box, accusing the firm and its principals of conning investors out of approximately $49 million through a crypto scheme. The Anderson brothers, Jason and Jacob, and 15 others allegedly orchestrated an extensive financial operation in March 2021 that raised significant funds from US investors in Bitcoin (BTC) and Ethereum (ETH).  We obtained a temporary asset freeze, restraining order, and other emergency relief against DEBT Box and its four principals, Jason Anderson, his brother Jacob Anderson, Schad Brannon, and Roydon Nelson in connection with a fraudulent scheme to sell crypto asset securities. — U.S. Securities and Exchange Commission (@SECGov) August 3, 2023 The group allegedly marketed and sold “node licenses,” unregistered securities supposedly designed to produce crypto asset tokens via crypto mining activities.  You mig...

Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) have so far spent approximately $4.9 million (90.2 million rands) on lawyers and consultants since assuming control, a report has said. According to a Mybroadband report, a total of approximately $6.1 million has so far been disbursed while a further $7.3 million is earmarked for liquidators’ fees. In April 2021, a Bitcoin.com News report said more than $70 million was raised from selling 1,281 bitcoins belonging to MTI. A few months later, another report said more than 8,000 BTC belonging to MTI had been “traced” and ...

Join Our Telegram channel to stay up to date on breaking news coverage Meta Masters Guild’s presale has already raised more than $2.5 million. Meta Masters Guild is an innovative blockchain gaming platform that runs on the Ethereum blockchain. The platform is powered by its native token known as MEMAG. Meta Masters Guild presale hits $2.5 million The play-to-earn gaming sector has grown significantly over the past few years. Meta Masters Guild is a P2E project that seeks to transform the industry by giving players access to exciting prizes such as in-game currencies and non-fungible tokens (NFTs). Meta Masters Guild is a gaming platform running on the Ethereum blockchain, and it is powered by its native currency known as MEMAG. The ongoing MEMAG presale is already a success, given that just a few days after the presale surpassed the $2 million mark. It has now raised over $2.52 million. 📣 #MEMAGFAM, over $2.5M has been raised! 📣 ❤️‍...