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Several Chinese Miners Bank Accounts Frozen Allegedly For Fraud And Money Laundering

Despite the Chinese government’s effort to promote the development of blockchain technology, the government has frozen crypto miner’s credit cards according to a report. While cryptocurrency ownership over the years has become challenged in China, the country still somehow became the world’s largest mining farms. In many cases, this is due to the fact that… Read More

Bitmex Faces A Second Lawsuit Alleging Money Laundering, Racketeering and Market Manipulation

Bitmex and its executives face another lawsuit that alleges racketeering, money laundering, and market manipulation took place at the exchange. The Block reports, that Păun Gabriel-Razvan, a resident of Bucuresti, Romania, has joined others accusing BitMEX’s internal trading desk of directly participating in manipulation schemes. Gabriel-Razvan filed the lawsuit in the Northern District Court of… Read More

FBI Arrest Leader Of Large $35 Million Ponzi Who Tried To Escape On A Sea Scooter

An alleged leader of a crypto Ponzi scheme that managed to garner $35 million for false crypto mining and other investments tried to escape the FBI on a “sea scooter” underwater. Matthew Piercey is accused of being the mastermind behind two fraudulent firms, Family Wealth Legacy LLC and Zolla Financial LLC. It’s claimed that Piercey… Read More

Senator And Former State Treasurer Cynthia Lummis Talks About Bitcoin On TV

In an interview with ABC News’ Good Morning America (GMA), recently elected Cynthia Lummis expressed her historical support for Bitcoin, stating she “hopes to bring Bitcoin into the national conversation.” In a video clip that is going viral on Twitter, the newly elected Wyoming Senator cited her experience as a former state treasurer for why… Read More

Bitmex Executives Accused Of Looting Company For Millions Amid Investigation

According to a lawsuit, the top officers of HDR Global Trading Limited, the parent company of crypto trading platform BitMEX, which has previously been charged with facilitating unregistered trading and other violations, is being accused of looting $440,308,400 from HDR accounts, a civil lawsuit claims. A spokesperson for HDR called the claims “spurious” in a… Read More

Bitmex Hit With Million Dollar Lawsuit Alleging Market Manipulation And Money Laundering

Those “scam wicks” are coming back to haunt Bitmex, as the once biggest derivative exchange is grappling with a new lawsuit alleging manipulation, The Block reported. The new lawsuit alleges that Bitmex was involved in  racketeering, money laundering, and market manipulation.  The plaintiff in the complaint Dmitry Dolgov, is a resident of Moscow, Russia. His… Read More

The Existing Financial System is Designed for Money Laundering – Recent Leaks Prove it!

It looks like the idea that crypto is the new way to launder money just doesn’t hold up to reality. A recent set of leaked US Government documents show that not only is a tremendous amount of dirty money flowing unimpeded through the established financial system – banks and the government aren’t doing a thing… Read More

Fiat Currency Still the Most Popular Choice for Money Laundering – According to Reality!

One of the charges that seem to pop up over and over again is that cryptos are used extensively for money laundering – which isn’t true. Well – ok – maybe it is a little bit true, but in comparison to cash – cryptos are not at all popular for making dirty money look clean. According… Read More

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