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SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
The U.S. SEC has filed a lawsuit against a crypto pyramid scheme and its operators. The regulator says they stole $650 million from 200,000 investors around the world. NovaTech largely preyed on affinity groups, including Haitian-American churchgoers via WhatsApp groups and promotional events. The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws. NovaTech allegedly scammed investors out of around $650 million over a four-year period, the SEC said in its filing. The lawsuit comes two...
Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław
A hidden cryptocurrency mining operation was discovered in the basement of the University of Wrocław, according to police spokesman Wojciech Jabłoński, as reported by tvpworld.com. Covert Mining Operation Sparks Investigation at the University of Wrocław The operation was reportedly uncovered after smoke emerged from ventilation ducts at the university’s law department. Jabłoński explained that the smoke resulted from a short circuit in the mining devices, which were wirelessly connected to external systems via routers. Police responding to the scene found multiple devices consuming substantial amounts of electricity, all covertly installed and linked to the university’s electrical system. “The smoke resulted...
FET Consolidates in Accumulation Zone as Investors Eye $350 Million in Profits
Artificial Superintelligence Alliance (FET) price could be looking at gains in the coming days if the demand rises. The FET investors are waiting for the price to go up again, as this would bring them significant profits. Artificial Superintelligence Alliance’s Next Move FET price at $0.85 is under the resistance of $0.90, a level that has been holding the altcoin back for the past week. As the Global In/Out of the Money (GIOM) indicator shows, a rise above this could lead to investors churning profits. According to this indicator, about 396.68 million FET worth a little under $350 million could...
