Bank

2024

Bittensor

Memecoin

Many consumer rights protection firms, cybersecurity firms, blockchain analysis firms, and other such firms have helped global regulators identify and dismantle fraudulent schemes and bogus crypto-based companies.&nbsp;
According to recent information, the founder of IcomTech, a fraudulent “Ponzi,” has been jailed for 10 years by the court. IcomTech was founded by David Carmona, who is facing conspiracy charges for committing wire fraud.&nbsp;
In astatement, Damian Willams, the U.S. attorney, said, “David Carmona mastermind behind the IcomTech cryptocurrency Ponzi scheme, which preyed upon working-class people by promising them complete financial freedom in exchange for parting with their hard-earned money.” 
The attorney argued that in reality, IcomTech was not doing such a thing and was lying to its investors, and when the scheme came crashing down the victims were left with nothing.
With 10 years in prison, he was also sentenced to 3 years of supervised release.&nbsp;&nbsp; Other Crypto Market News Updates&nbsp;&nbsp; 
Earlier on September 28, 2024, it was reported that the CEO of Zort, a crypto-based platform, Adam Iza, was arrested over charges of extortion, conspiracy, and tax evasion.&nbsp;
On August 21, 2024, it was reported that the ex-CEO of the failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a <a href="https://news.todayq.com/a-special-agent-of-the-fbi-termed-ichcoin-as-a-scam-know-why/" target="_blank" rel="noopener noreferrer nofollow">fraudulent </a>crypto scheme.&nbsp;&nbsp;&nbsp;
The Wall Street Journal reported in July 2024 that U.S. authorities have filed criminal and civil charges against BitClout founder Nader Al-Naji, alleging he defrauded investors.&nbsp;
BitClout was portrayed as a cryptocurrency trading and social-media platform; however, its founder was later detained and presented in front of a magistrate judge in California.&nbsp;
In April 2024, the founder and former CEO of <a href="https://news.todayq.com/changpeng-zhao-money-laundering-lawsuit-updates/" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, Changpeng Zhao, was arrested by the Department of Justice for violating the Bank Secrecy Act. Bloomberg wrote citing a spokesperson for the Bureau of Prisons on September 27, 2024, that CZ was released from a correctional facility in California.&nbsp; Crypto Market Price Updates&nbsp; 
At the time of writing, the cryptocurrency market capitalization was $2.16 trillion, with a surge of 1.90% in the past 24 hours; at the same time, the fear and greed index was at 41, determining neutrality in the market.&nbsp;
Until publishing, Bitcoin was trading at $62,320, adding 1.74% intraday despite a surge in price; its trading volume fell over 20%, reaching $27,289,469,033. It is speculated that the announcement of the nearing election result in the U.S. fuels the positivity in the trading price of the leading cryptocurrencies.&nbsp; Source: CoinMarketCap 
However, the exact date hasn’t been disclosed, but the results are expected in the next month. The Ethereum trading price crossed the mark of $2,300; as of writing, it was trading at $2,425, surging 2.13% in the past 24 hours. &nbsp;&nbsp;
Memecoin remains one of the most traded in the market; the intraday gainers’ list has been ruled by Popcat (POPCAT), surging 23.45%, reaching $1.23, followed by Bittensor (TAO) trading at $588.25, Wormhole (W) at $0.3515 growing 11.74% and Dogwifhat (WIF) at $2.37 growing 10.28%.&nbsp;
FTT token native of FTX lost 9.00% in the past 24 hours, reaching $2.35, making it the leader of intraday losers, followed by Stacks, Tron, EigenLabs, and Kaspa.&nbsp;&nbsp;

David Carmona jailed for 10 years for cryptocurrency ‘Ponzi’ scam

Todayq News

Other articles published on Oct 5, 2024

Ethereum’s Price Volatility: Is the Market Bracing for a Crash?

Ancient Bitcoin Whale Transfers $3.6M Ahead of Satoshi Identity Release

XRP Army Launches Petition to Stop SEC Appeal

PEPEOCTO Memecoin Will Rally 18,000% Ahead of Exchange Listing, While Shiba Inu and DOGE Underper...

TRON Whale Bets Big on This Chainlink Alternative Poised for 2000% Returns by Q4 2024

Vitalik Buterin Starts Selling Again: Sold All 5 Altcoins in His Wallet

Join our free newsletter for daily crypto updates!