Fraud allegations

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, has responded to the lawsuit filed by FTX, refuting the claims made by the exchange. In a statement posted on social media, Pellegrino asserted that the entire lawsuit is filled with "unsubstantiated claims." He argued that LayerZero Labs, a ...

Alex Mashinsky believes fraud charges are unfounded His lawyers are demanding the case be dismissed New York State Attorney General Letitia James has said that scandalous Celsius founder Alex Mashinsky defrauded investors, regarding the cryptocurrency lender's we ...

They were accused that the split into 2 "subsidiaries" was a fraud The merger will speed up the return of investors' funds Bankrupt crypto company Celsius agrees to merge its units in the UK and US. It would be their answer to court allegations that the firms sha ...

As the crypto industry continues to mature, the impact of market volatility and regulatory pressures is becoming more evident. According to a recent report by Forbes magazine, crypto billionaires worldwide lost approximately $110 billion in 2022, with some experiencing losses of up to 75% of thei ...