finance
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New York AG Sues Former Celsius CEO for Leading Investors, ‘Down a Path of Financial Ruin’
Alex Mashinsky, the Celsius co-founder and former CEO who suspiciously cashed out $US17 ($24) million in crypto prior to halting customers’ crypto withdraws and ahead of the company’s eventual bankruptcy, has found himself on the receiving end of a scathing civil lawsuit accusing him of defrauding hundreds of thousands investors out of billion of dollars…
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‘We’re F****** Robbing Idiots:’ Eight Financial Influencers Indicted in Massive Pump and Dump Scheme
If you have ever heard the words “this is not financial advice” or “this is not stock advice” when scrolling through TikTok or YouTube, you can be sure the next several minutes will be devoted to doing exactly that. Now federal law enforcement alleged that several financial influencers followed by hundreds of thousands of would-be…
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Missing Money, Crypto Houses, and Emoji Payments: Here’s the Most Batshit Revelations From FTX’s Latest Bankruptcy Filing
Once upon a time, the cryptocurrency exchange FTX was a jewel of the web3 world. Now, in the span of a week, its reputation has transformed from shooting star to sinking ship. After admitting to mismanaging large amounts of customer money, the exchange’s founder and CEO, Sam Bankman-Fried (also known by his initials “SBF”) ignominiously…
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Kevin O’Leary Says He’d Invest in FTX Founder Sam Bankman-Fried Again
Kevin O’Leary, an investor best known from the show Shark Tank, was asked on Tuesday if he’d still invest in Sam Bankman-Fried again, even after the FTX founder admitted to funelling billions of dollars in customer funds to his own hedge fund and caused the crypto platform to file for bankruptcy last week. O’Leary thinks…