Chain News Daily Official TheBitTimes.com

Thanks to strange corporate rules and regulations in California and Colorado, a Chinese pig-butchering scammer and a US-based swindler of the elderly combined forces to pretend they were working directly with Tether and its executives, corporate filings show. Convicted criminal Mohammad Alam and Chinese national Sun Yunfeng — who is currently being sued by Google — were able to get away with including the names of all Tether executives in one company and naming another company ‘USDT Bank LLC.’ Sun Yunfeng leads the charge(s) Currently facing civil RICO charges from Google, Sun Yunfeng has managed to escape being served by one of the most massive corporations on Earth by simply hiding in China . The alleged serial Scam mer, who created dozens of Google Store apps to steal money from uns US pecting US ers to fund ongoing pig-butchering Scam s in Myanmar, Cambodia, and other parts of Southeast Asia, is the chairperson for a California-based company called Cryptocurr...

FTX is demanding the return of $5 million that it claims was used to bankroll the purchase of a former hotel that has since hosted events for various right -wing fringe groups.  The property, formerly known as the Rose Garden Inn, is a bright pink manor that is now owned by the non-profit Lightcone Infrastructure in Berkeley, California.  The charity hosts conferences in the former inn for supporters of ‘longtermism,’ ‘rationalism,’ and ‘effective altruism,’ all popular within Silicon Valley.  However, The Guardian reports that supporters of eugenics, scientific racism, and other questionable right -wing movements have spoken at these conference s. Picture of the Rose Garden Inn, now the Lighthaven property, taken from Tripadvisor. Last weekend, the venue hosted $499-a-ticket prediction market-focused conference, Manifest 2024. Guests at the event included Jonathan Anomaly, the author of a paper defending eugenics, and Stephen Hsu, a former ...

The Spanish treasury will be granted the power to seize crypto assets when executing Tax payer debts when reforms to the country’s current Tax laws come into force. Under proposals first put forward in 2021, Spain’s tax watchdog, Agencia Tributaria, will consider digital asset entities as tax collection agents. This means that these firms will be required to embargo their customers’ crypto and collaborate with authorities when compelled by the government — measures previously only required by credit companies or traditional banks. Spanish crypto traders will also have to declare any assets held in another country and authorities will be able to use crypto tax statements from as far back as 2021 to help them collect outstanding money. Last week, the Spanish government issued a royal decree that makes crypto firms’ new responsibilities official. However, the speed with which the new measures are being implemented is causing problems for regulators as they try to remain in st...

SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M. In a startling turn of events, decentralized finance protocol SafeMoon has filed for Chapter 7 bankruptcy amid a cascade of financial and legal challenges. This move follows the arrest of key company members by the US Department of Justice (DoJ) over allegations of misappropriating clients’ funds. The Securities and Exchange Commission (SEC) had already charged SafeMoon and its executives for defrauding customers. SafeMoon’s Chapter 7 Bankruptcy filing  The move by SafeMoon to officially file for Chapter 7 bankruptcy signals a grim outlook for the embattled cryptocurrency venture. The bankruptcy filing, submitted to the United States Bankruptcy Court in the District of Utah, comes in the wake ...

Day one of Sam Bankman-Fried’s criminal trial on charges of wire fraud, money laundering, and conspiracy was officially scheduled to begin at 9:30am. For unclear reasons, Bankman-Fried arrived, dressed in a court-allowed grey business suit, at 9:55am. The first two orders of business in the courtroom may also have been the most significant news of the day. In statements before Judge Lewis Kaplan, both government prosecutors and Bankman-Fried’s defense team affirmed that he had received no offer of a plea deal from the government. The lack of any plea offer whatsoever explains the biggest mystery of the trial: why there’s a trial at all. Various statements by Bankman-Fried and his parents have made the trio seem borderline delusional in their insistence that Sam is innocent, despite his own executives already having confessed to numerous crimes. But if confessing your guilt gets you little or nothing, why not pretend you’re innocent for as long as you can? The second opening note s...