Bitcoin The King Of Cryptocurrencies

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Brandt has continued to be brash at Coinbase after the exchange said it will treat its customers as unsecured creditors . Peter Brandt, a veteran futures trader, has once again taken a swipe at San Francisco-based cryptocurrency exchange Coinbase in his latest tweet. According to Brandt, who has always spoken about developments in the cryptocurrency industry, Coinbase deserves to go bankrupt in the ongoing bear market. Brandt Concerned About Coinbase Users He noted that he is only concerned about Coinbase users, who still hold their crypto assets in the popular trading platform because they may be declared “unsecured creditors” in the event of a bankruptcy. Brandt asserted that Coinbase going bankrupt works in the favor of the exchange, adding that the unfortunate development would present an opportunity for the Coinbase team to “steal users’ crypto assets.” “The one that deserves to go bankrupt is @coinbase Unfortunately, their customers holding $BTC will then become unsecured credito...

It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way. Iossifov Sentenced to Ten Years Iossifov has been sentenced to ten years behind bars for running a cryptocurrency exchange that was allegedly used to launder tens of millions of dollars in ill-gotten funds. The exchange was reportedly utilized to host fake auctions, convincing people to invest and then moving their funds through assorted crypto platforms as a means of hiding the money from authorities. The U.S. Department of Justice (DOJ) has put out a statement claiming that the 53-year-old Iossifov “intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability.” Initially, the criminal program began in the nation of Romania. This is where the initial auctions were held. As many as 900 separate ...