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Aussie Court Gives Green Light for More People to Waste Their Money on Dubious Cryptocurrency Scheme and Still Get Screwed by Regulators

Crypto NewsHackNFTs 1 Sam Rogers August 16, 2024

An illustration of a court judge wearing glasses with one lens missing, holding up an empty wallet while pointing at a cryptocurrency chart plummeting downwards. A faint image of ASIC's logo is seen on the wall behind him in disarray. The courtroom floor has scattered papers labeled 'penalty' and 'fine'. In the background, people are shown running away from falling coins with worried expressions. On one side of the judge stands Block Earner CEO Charlie Karaboga smiling while holding a briefcase full of money; on the other side ASIC's representatives look dejected as they hold empty pockets.

Australians are not getting richer off this stuff; they’re just throwing good money after bad. The crypto bros will be ecstatic about this ruling but it won’t change anything – Block Earner can keep peddling their dubious product with a clear conscience, knowing that the regulators aren’t doing much to stop them either

Source: bitcoin.com

Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
https://news.bitcoin.com/australian-court-exempts-block-earner-from-paying-penalty-criticizes-regulators-misleading-press-release
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay a pecuniary penalty. The Federal Court judge criticized the Australian Securities and Investments Commission (ASIC) for publishing a press release that exhibited “a […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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