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The lawsuit charged that more than $360 million in losses associated with Zelle-related fraud hit 420,000 Chase customers; some 210,000 Bank of America customers complained that they lost $290 ...
She claimed they caused more than $1 billion of losses by misleading investors about the Gemini Earn program, which let customers lend crypto assets to Genesis in exchange for a high rate of return.
According to the latest available data from the FTC, more than 46,000 people in the U.S. reported losing an accumulative $1 billion to crypto scams between January 2021 and June 2022. In 2021 ...
The collapse of crypto firms like Terraform Labs, FTX, and Three Arrows Capital in 2022 led to a crisis for Digital Currency Group, with Genesis unable to recoup its loans to failed companies.
Some in the crypto industry also viewed the attorney general's lawsuit as counterproductive and rushed, with Genesis arguing it would complicate bankruptcy proceedings. According to a person ...
Scammers and bad actors are always looking for ways to get personal info with malicious intent. Know how to recognize legitimate AOL websites, requests, and communications to keep your account secure.
The disastrous lawsuit soon became a rallying cry for Gensler's outspoken critics in the crypto industry and across Congress, with the two lawyers leading the case later stepping down after being ...
Here’s a breakdown of why the payment service has come under fire — and what you can watch for on Zelle to protect your own cash. ... Lawmakers and regulators have pointed to growing ...