Dean Skurka, CEO of Toronto-based crypto firm WonderFi, was kidnapped and released after paying a $1 million ransom. Dean Skurka was abducted after being forced into a car in downtown Toronto, the report said. He was later released after a $1 million transfer was made. The crypto executive said he was "safe and the company's clients' funds and data were not affected," the report said. Police said the investigation was ongoing, but gave no further details.
Dean Skurka, president and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential Election, will continue to drive bitcoin prices higher over the next 6-24 months. Skurka explained in an interview with Cointelegraph that the recent decision by the Bank of Canada to cut interest rates by 50 basis points, as well as the Federal Reserve's ongoing rate cut program starting in September 2024, will...
On October 30th, Binance announced the appointment of Jeff Li as its new Vice President of Product during Binance Blockchain Week. Jeff will focus on expanding and enhancing Binance's product portfolio, ensuring it remains at the forefront of building the future of blockchain and Web3. Jeff Li has over 16 years of combined experience in Web2 and Web3 product leadership and software engineering. During his tenure at Binance, Jeff will be responsible for leading Binance's global product and...
On October 17, the head of the South Korean Financial Supervisory Service, Lee Bok-hyun, said in an audit of the National Assembly Political Committee on the 17th that "we are investigating the issue of AVAIL coins traded on Bithumb". Avail soared to 3,500 won in 15 minutes after going live at 263 won on July 23, but fell to 296 won less than a day later, raising suspicions of price manipulation. In response, Min Byoung-dug, a lawmaker from the Democratic Party of Korea, said, "This AVAIL token ...
Erian, a prominent columnist and dean of Queen's College, Cambridge, said the current guessing game over the path of the Federal Reserve's monetary policy is causing market volatility. US Treasuries have already suffered a sharp sell-off after a strong September non-farm payrolls report prompted traders to quickly downgrade bets on the Federal Reserve's future sharp interest rate cuts. The decline since Friday has pushed yields on benchmark two-year and 10-year Treasuries above 4% for the first ...
The SEC accused Ideanomics of reporting more than $40 million in revenue in 2019 through false accounting related to crypto-asset transactions. This false reporting resulted in financial statements being overvalued, deceiving shareholders and the public into misunderstanding the company's financial health. According to reports, all parties involved agreed to settle, neither admitting nor denying the SEC's findings. Former Chairperson and CEO Bruno Wu agreed to pay more than $3.30 million in ill-...
SEC 指控 Ideanomics 公司在 2019 年通过与加密资产交易相关的虚假会计报告了超过 4000 万美元的收入。这种虚假报告导致财务报表被高估,欺骗了股东和公众,使他们对公司的财务状况产生了误解。 据报道,所有涉案方均同意和解,既不承认也不否认美 SEC 的调查结果。前董事长兼首席执行官 Bruno Wu 同意支付超过 330 万美元的非法所得、判决前利息和 20 万美元的罚...