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The U.S. Department of Justice (DOJ) is charging a dozen new defendants under the RICO Act for allegedly taking part in a multimillion-dollar crypto theft.
In a new press release, the DOJ says that it is charging an additional 12 defendants for allegedly participating in a crypto racketeering conspiracy that netted $263 million, bringing the total number of those accused to 14.
While the...
“Big Short” hedge fund manager Michael Burry, known for predicting the 2007 collapse of the housing market, just initiated a major portfolio shakeup.
New SEC filings from Burry’s Scion Asset Management show the firm has taken a substantial bearish stance against Nvidia (NVDA), opening a large position in put options against the chipmaker’s stock.
Scion has also reversed its previously bullish...
Police say a pair of scammers successfully tricked a JPMorgan Chase customer into handing over hundreds of thousands of dollars.
The unnamed 61 year-old female victim received a phone call from someone pretending to be an employee at Chase Bank’s fraud department, reports News12 Long Island.
Between February 27th and April 28th, the thieves convinced her to make multiple withdrawals and hand...
The artificial intelligence (AI) research firm Anthropic has secured a $2.5 billion line of credit from a group of banking giants that includes JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citibank.
Krishna Rao, Anthropic’s chief financial officer, announced the new loan on LinkedIn on Friday.
“This credit facility further strengthens our balance sheet and provides us with the flexibility...
A US judge swatted down a joint motion from the U.S. Securities and Exchange Commission (SEC) and the payments firm Ripple that would have taken steps toward ending their longstanding legal battle.
Ripple and the SEC had filed a joint motion earlier this month for an “indicative ruling” to see whether District Judge Analisa Torres would be open to vacating the firm’s previously assigned $125...
A massive crypto whale is unveiling his entire holdings of digital assets to the tune of hundreds of millions of dollars.
In a recent tweet, the pseudonymous trader named 0x_b1 proves that he owns a wallet that contains an immense trove of ER20 tokens by verifying his signature on the blockchain.
@jack @verified https://t.co/3RXIbiIS8iMind us a blue badge? #Bitcoin