SEC Files Lawsuit Against Founders of Alleged $650 Million Crypto Ponzi Scheme
SEC sues NovaTech for $650M Ponzi scheme, targeting over 200,000 victims and revealing fraudulent tactics with religious marketing.

SEC sues NovaTech for $650M Ponzi scheme, targeting over 200,000 victims and revealing fraudulent tactics with religious marketing.
The SEC has charged NovaTech's founders and promoters for running a cryptocurrency Ponzi scheme, causing significant losses to investors.
Binance discontinues BUSD support, prompting users to take immediate action. This strategic move aligns with the exchange's commitment to adaptability in the dynamic crypto landscape.
Srinivasan expects Bitcoin (BTC) to replace it as the global reserve currency.
USD/TRY regains upside momentum, after posting the first daily loss in seven, as it picks up bids to 18.20 heading into Thursday’s European session. I
The “complete lack of end-user demand for Helium should not have come as a surprise,” noted Web3 critic Liron Shapira.
Why does the algorithmic stablecoin UST experience serious price de-anchoring?
Dragonfly, a well-known name in the venture capital space, will use the funds to invest in early-to-mid-stage projects in the crypto ecosystem.
Since the hack of Axie Infinity’s Ronin bridge, developers behind the game have raised $150 million to reimburse the affected users.
Dragonfly, a well-established figure within the venture capital scene, will utilize the capital to invest in early- to mid-term projects within the crypto ecosystem.