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Arrest of FutureNet Co-Founder for Crypto Fraud

Wednesday. August 21 at 6:30 PM

1 min. read

Montenegro authorities have apprehended Roman Ziemian, co-founder of the alleged crypto scam FutureNet, accused of embezzling approximately $21 million in a sophisticated crypto fraud operation. Ziemian was discovered using a fake identity in Podgorica, Montenegro's capital, by a specialized police unit. Arrest warrants from South Korea and Poland, citing charges of fraud, money laundering, and theft, have been issued against him. Facing potential life imprisonment in South Korea, Ziemian is in custody as the Police Directorate seized suspected devices and items linked to his illicit activities. Ziemian's extradition will be determined by Podgorica's High Court. FutureNet, founded by Ziemian and Stephan Morgenstern in 2018, promoted itself as a multilevel marketing venture with the FuturoCoin (FTO) crypto token. The collapse of FutureNet and warnings of a potential pyramid scheme by Polish authorities have raised concerns. Investigations into FutureNet's fraudulent activities have intensified, with parallels drawn to other crypto-related fraud cases.

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eToro Files for IPO in the US

Thursday. January 16 at 11:00 PM

Cryptocurrency-friendly trading platform eToro has reportedly submitted confidential filings to the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) in New York. The potential IPO, valued at over $5 billion, could see eToro listed in New York by the second quarter of 2025. Despite the UK being its primary market, eToro aims to broaden its investor base through a US listing. The company, founded in 2007, offers a range of trading services including stocks and cryptocurrencies. In 2019, eToro expanded its crypto offerings in the US, supporting various tokens. Following a settlement with the US SEC in September 2024, eToro ceased trading for most crypto assets. Banks like Goldman Sachs and Jefferies are reportedly assisting eToro with its IPO plans. eToro declined to comment on the reports regarding its US IPO filing when approached by Cointelegraph.

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US Supreme Court Denies Binance Appeal in Class-Action Lawsuit

Tuesday. January 14 at 1:00 PM

The US Supreme Court has rejected an appeal from Binance and its founder, CZ, in a class-action lawsuit. Investors claimed the exchange sold unregistered tokens that lost value. Despite not having a physical HQ in the US, a lower court ruled US securities laws applied due to token purchases and transactions occurring in the US. Binance argued for a review, citing technological advancements enabling global market participation. The lawsuit, filed in 2020, alleges Binance sold unregistered securities. Legal issues escalated in 2023, with the SEC suing for securities violations. Binance settled for $4.3 billion for money laundering violations. Facing lawsuits in Canada and a $1.8 billion claim in the FTX bankruptcy estate, CZ was sentenced to prison for money laundering but released in September. Binance's legal battles continue, including allegations of laundering stolen crypto.

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Exploring Top Crypto Presales: BlockDAG, 5thScape, Wall Street Pepe, and Rexas Finance

Tuesday. January 14 at 9:00 AM

The cryptocurrency realm is filled with stories of sudden wealth, where timely investments can lead to massive profits. Presales provide an opportunity to invest in new coins at discounted rates, potentially resulting in significant gains. This article highlights the four most popular crypto presales: BlockDAG, 5thScape, Wall Street Pepe, and Rexas Finance. Each of these presales offers unique features and benefits that could pave the way for future success. BlockDAG, for instance, has quickly gained popularity due to its advanced technology and impressive fundraising. With a focus on security and scalability, BlockDAG aims to revolutionize the industry. Similarly, Wall Street Pepe, 5thScape, and Rexas Finance bring innovation to the table in their respective niches. Among these presales, BlockDAG stands out as a top contender, attracting significant attention and investment. As the crypto market continues to evolve, these presales present lucrative opportunities for investors seeking high returns.

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Cryptocurrency Market Correction and Pepeto Memecoin Success

Tuesday. January 14 at 2:00 AM

The cryptocurrency market is currently undergoing a correction phase, with top cryptocurrencies like Bitcoin and Ethereum experiencing a decline from their early 2025 gains. Notably, Ether whales have been active in the market, leading to significant sell-offs and boosting market withdrawals. Endaoment, Ethereum's charity fund, made headlines by selling 3,690 Ether (ETH) in a single transaction worth $12.47 million, marking its largest transaction in ten months. Meanwhile, PEPETO, a new memecoin inspired by the Pepe meme, has seen rapid success, raising nearly $3.5 million in its presale. The project's unique approach of embedding genuine utility within its ecosystem, including a zero-fee exchange and cross-chain bridge, sets it apart in the memecoin market. With a staking protocol to incentivize long-term holders, Pepeto aims to establish itself as a leading player in the crypto space.

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