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SEC Takes Down Another Crypto Bro and by “Takes Down” We Mean They Just Get to Pay a Fine and Keep on Keeping on With Their Wild West Practices

Crypto NewsDeFiEthereum 2 Sam Rogers August 15, 2024

An illustration of a cowboy riding into town on horseback, with his hat tipped back and a confident grin spreading across his face as he looks out at the viewer. In one hand, he holds up a wanted poster featuring Binance's logo; in the other, he wields a lasso that has just snagged onto an unregistered crypto asset floating through the air above him. The town behind him is depicted with various buildings and signs bearing cryptic symbols and abbreviations related to finance and trading.

You know who’s been laughing all along at these crypto bros? Me, that’s who! It seems like every other day another one of them gets taken down. This time it’s Binance, the behemoth exchange accused of selling unregistered coins (surprise!). But let me guess – they’ll just pay a fine and continue to fleece their users with high fees and shady practices? That’s what I thought

Source: bitcoin.com

SEC's Case Against Binance Moves Forward With Major Allegations Intact
https://news.bitcoin.com/secs-case-against-binance-moves-forward-with-major-allegations-intact
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. The U.S. District Court for the District of Columbia issued an order on Friday concerning the case filed […]

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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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