Monday, August 12, 2024

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

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.

source https://www.coindesk.com/policy/2024/08/12/sec-files-fraud-charges-against-promoters-of-novatech-alleged-650m-crypto-pyramid-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO, Sources Say

Crypto exchange giant Kraken has laid off hundreds of staffers across all areas of the business over the past several months, as the firm co...