SEC Charges Two Brothers Over Alleged $60 Million Crypto Ponzi Scheme
The SEC accuses the Adam brothers of defrauding investors by claiming their funds would be placed in a lending pool to fund “flash loans.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
FBI gets alleged $165 million crypto Ponzi scheme mastermind back after year-long Fiji escape
Edward Zimbardi has been returned to the US after being deported from Fiji, putting the alleged mastermind of a $165 million crypt...
SEC faces Aug. 20 deadline to unlock $123 million recovery fund for Terra investors
The US Securities and Exchange Commission (SEC) faces an Aug. 20 deadline to submit a plan for distributing a $123.1 million fund...
Bitcoin, Ether ETFs Pull in $827 Million as Crypto Rally Spreads
Bitcoin ETFs attracted $606.29 million on Thursday, their strongest session of the week, while ether funds added $220.77 million....
Bitcoin short-seller staged a $6 million liquidation
Yesterday, an influencer pretended to suffer a $6 million short liquidation on bitcoin (BTC) to attract followers and clout. The s...
SEC’s latest crypto rules only open a few of Wall Street’s ‘million doors’ – Bitwise CIO Matt Hougan
Bitwise CIO Matt Hougan doesn't think Washington's crypto-friendly turn is the moment that completely unlocks Wall Street. In an i...
Live updates: Bitcoin, ether ETFs pull in $800 million as inflows surge for a second day
Spot bitcoin ETFs pulled in $606 million on Aug. 20 and ether funds $221 million, both bigger than the prior day, confirming the i...