Investors in EthereumMax (EMAX) Lawsuit Granted Final Chance to Revise Claims Against Celebrities
Investors involved in the EthereumMax (EMAX) class action lawsuit have been granted a final opportunity to revise their claims against celebrities accused of endorsing the now-defunct cryptocurrency. In an order dated October 3, United States District Court Judge Michael Fitzgerald extended a thi ...
French Lawmakers Update Bill Allowing Unlicensed Crypto Service Providers to Engage Celebrities for Promotion
French lawmakers unveiled an updated bill that would allow even unlicensed virtual asset service providers (VASPs) to engage celebrities to promote their products. According to a press release posted on the French Senate's website, lawmakers reached a unanimous agreement to ...
SEC Files Lawsuit Against Tron Founder Justin Sun and His Companies for Unregistered Sale of Cryptocurrency Securities
The SEC has filed a lawsuit against Justin Sun, founder of the Tron project, and his companies for the alleged unregistered sale of securities in the form of cryptocurrencies. The SEC claims that TRX coins and BTT tokens are securities and that Sun engaged in market manipulation to stimulate publ ...
FBI Reports Alarming Rise in Crypto Fraud Cases, Totaling $2.57 Billion in 2022
According to the FBI Internet Crime Report 2022, cryptocurrency fraud cases have seen a significant increase of 183% from the previous year, reaching a total of $2.57 billion. This is a sharp rise from the $907 million reported in 2021. The data was collected from the Internet Crime Complaints Ce ...
Former NBA Player Fined $1.4 Million for Mishandling EMAX Tokens on Social Media
Paul Pierce, a former NBA player, has pleaded guilty and agreed to pay a hefty fine of $1.4 million for allegedly mishandling EMAX tokens on social media, according to the US Securities and Exchange Commission (SEC). The SEC accused Pierce of promoting EthereumMax (EMAX) tokens on Twitter without ...