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FTX influencers face $1b fraud lawsuit over crypto promotion

0xMain
March 16, 2023

Crypto, face, fraudlawsuit, FTX, Hacking, influencers, promotion

The Moskowitz Law Firm represents the plaintiffs in a class-action lawsuit led by Edwin Garrison against “FTX influencers,” mainly operating on YouTube. The lawsuit alleges that these influencers promoted FTX crypto fraud without disclosing compensation and seeks $1 billion in damages. The lawsuit...

Crypto firms face uphill battle to meet FCA standards

0xMain
January 26, 2023

battle, Crypto, face, FCA, firms, Hacking, meet, standards, uphill

In a concerning discovery, a new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its minimum standards. Published on Jan. 26, the report, which the...