SEC Charges Novatech in $650 Million Crypto Fraud Scheme

by CryptoExpert

August 13, 2024

in Business

SEC Charges Novatech in $650 Million Crypto Fraud Scheme

The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […]

Source link

Bitcoin Rally From February Lows Driven by Regular Strategy Buys

Galaxy Posts $216M Q1 Loss as Helios Expansion Advances

Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20%

Tags: Bitcoin

CryptoExpert

Recommended For You

Bitcoin Rally From February Lows Driven by Regular Strategy Buys

by CryptoExpert

April 29, 2026

Bitcoin treasury company Strategy and its perpetual preferred stock, STRC, have been the “single biggest factor” in the recent rally of Bitcoin, which has jumped 20% from its...

Galaxy Posts $216M Q1 Loss as Helios Expansion Advances

by CryptoExpert

April 28, 2026

Mike Novogratz’s digital asset company Galaxy Digital posted a $216 million loss in the first quarter of 2026, extending losses from the prior year.Galaxy Digital (GLXY) reported first-quarter...

Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20%

by CryptoExpert

April 28, 2026

Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20%

Galaxy Digital, the crypto financial services and infrastructure firm led by Mike Novogratz, posted a $216 million net loss for the first quarter of 2026, down from a...

Crypto Lobby Backs Removal of ‘Reputation Risk’ Debanking

by CryptoExpert

April 28, 2026

Crypto Lobby Backs Removal of ‘Reputation Risk’ Debanking

US crypto lobby group Blockchain Association has thrown its support behind the US Federal Reserve’s proposal to codify the removal of “reputation risk” from its supervision of banks,...

SEC Reviews 85% Proposal That Could Impact Bitcoin and XRP ETF Listings

by CryptoExpert

April 28, 2026

SEC Reviews 85% Proposal That Could Impact Bitcoin and XRP ETF Listings

Key Takeaways: SEC notice seeks comment on NYSE Arca proposal requiring 85% of assets meet eligibility standards. NYSE Arca rule would count derivatives by gross notional value, impacting...