Fusionist News
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2024
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2024
May / 14- Unleash the Power of Crypto: A Guide to Claim Lucrative Fusionist $ACE Airdrops
- May 14, 2024 at 07:04 am
- Maximize your cryptocurrency portfolio with Fusionist $ACE airdrops! Discover expert strategies and step-by-step guides to effortlessly claim free tokens on DappRadar. Stay informed, act swiftly, and avoid common pitfalls to secure valuable crypto assets without financial investment.
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2024
Apr / 30- Major Crypto Scam Busted in Taiwan: Asia's "Most Complete Blockchain Ecosystem" Dismantled
- Apr 30, 2024 at 02:05 pm
- Amidst allegations of fraud and money laundering, ACE Exchange, claiming to be "Asia's most complete blockchain ecosystem," has come under the scrutiny of Taiwanese authorities. Former executives and associates face indictments following an investigation that revealed a sophisticated scheme involving dubious crypto tokens, inflated prices, and falsified documents, leaving 1200 victims with estimated losses of $25.56 million.
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2024
Apr / 28- Taiwan's Crypto Shocker: ACE Exchange Indictment Reveals a Web of Deception
- Apr 28, 2024 at 01:04 pm
- Taiwan's legal and financial landscape is embroiled in a cryptocurrency saga centered around the indictment of 32 individuals, including the founder of the ACE exchange, David Pan. The charges allege an elaborate fraud scheme involving inflated token prices, ensnaring over 1,200 investors and amassing millions of dollars in illicit gains. Prosecutors seek severe penalties, highlighting the risks associated with unregulated cryptocurrency markets and raising questions about industry safeguards.
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2024
Apr / 27- Taiwan Prosecutors Demand Lengthy Prison Terms for ACE Exchange Fraud and Money Laundering Suspects
- Apr 27, 2024 at 08:03 pm
- Prosecutors in Taiwan are seeking substantial prison sentences for the masterminds behind the ACE Exchange cryptocurrency fraud scheme. The primary suspect, David Pan, and his accomplices face a minimum of 20 years imprisonment for defrauding over 1,200 individuals and causing losses estimated at US$24.56 million. The indictment includes charges of fraud and money laundering, with specific focus on the suspects' promotion of fraudulent tokens and their involvement in the "Alfred" crypto wallet service.
- Unofficial Grok Token Soars After Elon Musk's Enigmatic Tweet
- Apr 27, 2024 at 07:55 pm
- Elon Musk's tweet featuring the Grok AI chatbot's logo sparked a surge in the trade price of the unofficial $Grok token, despite the token having no association with Musk or his company. Grok is an AI tool inspired by "The Hitchhiker's Guide to the Galaxy," designed by Musk's AI firm xAI. The token's value rose by approximately 65% within an hour of the tweet, highlighting the significant influence of Musk's social media presence on the cryptocurrency market.
- Ethereum: Vitalik Buterin Addresses Centralization Concerns in PoS Consensus
- Apr 27, 2024 at 07:31 pm
- Vitalik Buterin recently defended Ethereum's Proof-of-Stake (PoS) consensus, arguing that it is more decentralized than PoW. However, critics argue that PoS has led to centralization and raised concerns about government regulation. Buterin acknowledges that PoW was also centralized, but believes this was less discussed due to its temporary nature.
- ACE Crypto Exchange Execs Face Expanded Charges in Fraud, Money Laundering Scheme
- Apr 27, 2024 at 01:00 pm
- Thirty-two individuals linked to the ongoing ACE crypto exchange fraud investigation have been indicted, including founder David Pan. Prosecutors allege Pan and others fraudulently advised investors to purchase specific tokens, manipulating prices to attract investors and ultimately defrauding them of over $67 million. The investigation revealed a scheme involving 1,200 victims and losses of over $24 million, prompting prosecutors to recommend sentences of over 20 years for primary suspects Pan and Lin, and 12 years for attorney Wang.
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Communtity feeds
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- Twitter source
- Tola Joseph Fadugbagbe Nov 10, 2024 at 08:34 pm
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