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The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC seeks injunctions, … Read more
The firm has implemented additional security measures following an investigation that found “only a few” 3Commas user accounts were compromised. Go to Source
A trader walked off nearly $1.5 million richer after tricking a bot copying his trades to buy a slew of NFTs at a markup. Go to Source
One community member praised the bot saying that “profit is profit” while another said that the event highlights how bad the bear market is. Go to Source Powered by WPeMatico
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second … Read more
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator … Read more
How do bot-traded futures work, what are the top tips for success, and what are the common pitfalls to avoid? This explained article reveals all. Go to Source Powered by WPeMatico
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into MTI that unearthed the company’s use of fake trade statements, undeclared losses, and possible … Read more
Trading bots have become a major factor in the world of cryptocurrency, but are they potentially doing more harm than good? Go to Source Powered by WPeMatico
In the cryptocurrency world, trading different assets back and forth will often help one make a lot of money. Doing so is not straightforward, although there are many tools that can help one achieve this goal. Finding the Right Trading Bot Under normal circumstances, one would trade cryptocurrencies manually. That means manually setting up buying … Read more
