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Bitcoin trader lost $70 million after sending cryptocurrency to the wrong address

The discussion is about a popular scam type with "address poisoning" - when scammers create fake accounts with a fake cryptographic address that contains similar first and last characters to a real one. One of such cases was recently discovered by t...

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Korean woman fell in love with fake Ilon Musk - he talked about gigafactories and took $50k from her for "investment"

A resident of South Korea says that she met "Musk" through Instagram, where he allegedly selectively communicates with fans. "On July 17th of last year, Musk added me as a friend on Instagram. Although I became a big fan of his after reading his biog...

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Sam Benkman-Fried's parents say he's "too naive" for prison and pleaded with the judge to commute his sentence

Relatives of the former owner of the bankrupt cryptocurrency exchange FTX begged the judge to reduce the sentence, claiming that Sam's naivety could pose an "extraordinary danger" for him behind bars, Business Insider reported. "I sincerely fear for...

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Sam Benkman-Fried found guilty of fraud - FTX founder faces up to 110 years in prison

Benkman-Fried was detained in December 2022 in the Bahamas after the collapse of the cryptocurrency exchange FTX he founded. A jury found Sam Bankman-Fried guilty on all 7 counts of fraud and conspiracy. According to The New York Times, he faces a m...

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FTX founder Sam Bankman-Fried wanted to buy the island nation of Nauru with investor funds and build a bunker there

The latest lawsuit from FTX Trading reveals new details of massive fraud and personal desires of Bankman-Fried. In particular, the complaint states that the former director of the company's subsidiary hedge fund Alameda Research (and Bankman-Fried's...

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