tennessee
4,376 views
4 Discussing
Hot
Latest
See original
Controversial Stablecoin Bill: A Gift for Elon Musk and Big Tech or a Step Forward for Digital Finance?
A stablecoin bill proposed by the Republican Party is causing fierce debate between the two factions in the US Congress. While the Republican Party argues that this is a necessary step to promote the development of stablecoin and maintain the USD's position in the global financial market, the Democratic Party strongly criticizes it, claiming that this bill will grant excessive power to major tech companies like Elon Musk's X and could harm retail investors as well as national security.
See original
Fraud “Blessings of God Thru Crypto”: Tennessee couple fined 6.8 million USD
Michael and Amanda Griffis, two real estate agents at #Tennessee , have been ordered by a federal court to pay more than 6.8 million USD after defrauding 145 investors through a scheme called “Blessings of God Thru Crypto”.
According to the Commodity Futures Trading Commission (CFTC), from 2021–2023, the couple raised 6.5 million USD, promising high returns from trading crypto futures on the Apex platform with a mysterious “advisor” named Coach Wendy. However, this platform was a sham, and the identity of “Coach Wendy” has yet to be determined.
More than 4 million USD was transferred abroad through a fake exchange, while the remainder was used to pay personal debts and maintain the model #ponzi . Only about 855,000 USD was returned to some investors.
In addition to compensating the victims, the two defendants must also pay an additional 1.35 million USD in civil penalties and are permanently banned from trading commodities or registering with the CFTC.
This case shows that scammers often exploit trust within the community to embezzle money, similar to other cases that the CFTC has handled.
⚠️ Risk warning: Crypto investment carries many risks, especially when participating in unverified platforms. Investors need to thoroughly check legal aspects, allocate capital wisely, and prioritize cold wallets to minimize losses. #anh_ba_cong
Michael and Amanda Griffis, two real estate agents at #Tennessee , have been ordered by a federal court to pay more than 6.8 million USD after defrauding 145 investors through a scheme called “Blessings of God Thru Crypto”.
According to the Commodity Futures Trading Commission (CFTC), from 2021–2023, the couple raised 6.5 million USD, promising high returns from trading crypto futures on the Apex platform with a mysterious “advisor” named Coach Wendy. However, this platform was a sham, and the identity of “Coach Wendy” has yet to be determined.
More than 4 million USD was transferred abroad through a fake exchange, while the remainder was used to pay personal debts and maintain the model #ponzi . Only about 855,000 USD was returned to some investors.
In addition to compensating the victims, the two defendants must also pay an additional 1.35 million USD in civil penalties and are permanently banned from trading commodities or registering with the CFTC.
This case shows that scammers often exploit trust within the community to embezzle money, similar to other cases that the CFTC has handled.
⚠️ Risk warning: Crypto investment carries many risks, especially when participating in unverified platforms. Investors need to thoroughly check legal aspects, allocate capital wisely, and prioritize cold wallets to minimize losses. #anh_ba_cong
See original
#CleanSpark has received preliminary approval to build #pusat #data #Bitcoin in Mountain City, #Tennessee (TN), USA.
This project is expected to create new jobs and implement more advanced Bitcoin mining technology.
Key Points:
1. Project Location: Mountain City, TN (an area with affordable energy and pro-Crypto policies in the USA).
2. CleanSpark: This company is known for focusing on sustainable and energy-efficient Bitcoin mining.
3. Economic Impact: Provision of local jobs and potential economic growth in the area.
4. Technology: Possibility of using the latest mining hardware (such as next-generation ASICs) to enhance efficiency.
Next Steps:
- CleanSpark needs to meet additional requirements before construction begins.
- This project may become part of a massive expansion of Bitcoin mining in the USA, especially in Crypto-friendly states like Tennessee.
This project is expected to create new jobs and implement more advanced Bitcoin mining technology.
Key Points:
1. Project Location: Mountain City, TN (an area with affordable energy and pro-Crypto policies in the USA).
2. CleanSpark: This company is known for focusing on sustainable and energy-efficient Bitcoin mining.
3. Economic Impact: Provision of local jobs and potential economic growth in the area.
4. Technology: Possibility of using the latest mining hardware (such as next-generation ASICs) to enhance efficiency.
Next Steps:
- CleanSpark needs to meet additional requirements before construction begins.
- This project may become part of a massive expansion of Bitcoin mining in the USA, especially in Crypto-friendly states like Tennessee.
See original
Shocking theft case: Legendary country music widow tricked out of over 10 million USD in Crypto
A man #Tennessee named Kirk West (58 years old) was recently arrested at Nashville airport, accused of stealing over 10 million USD in cryptocurrency and cash from Nancy Jones, the widow of country music legend George Jones.
The elaborate scheme and the lost assets
According to reports, Nancy Jones reported on July 23 that West had stolen 400,000 USD in cash and a cold Ledger wallet containing over 11 million USD in cryptocurrency (mainly $XRP ) from two safes in her home around June 26. The total value of the cryptocurrency skyrocketed to over 17 million USD by the time West was arrested.
Nancy's legal team recovered about 5 million XRP, but nearly half a million XRP (worth about 1.5 million USD) is still missing.
Interestingly, West had been living with Nancy since 2013, after pretending to be a real estate buyer to approach wealthy women. The couple began a romantic relationship, and Nancy covered all living expenses for West, who was unemployed and had no assets.
West was previously convicted of bank fraud in 2016. While under home confinement, West learned about crypto and convinced Nancy to invest heavily in XRP, Ethereum, $SHIB , and $DOGE . When Nancy suspected West was deceiving her, she checked the safes and discovered the cold wallet and cash were missing. West was kicked out of the house and threatened over the phone that Nancy would only get back 5 million USD.
West was arrested while trying to move. He must post 1 million USD bail and faces charges of theft over 250,000 USD.
A man #Tennessee named Kirk West (58 years old) was recently arrested at Nashville airport, accused of stealing over 10 million USD in cryptocurrency and cash from Nancy Jones, the widow of country music legend George Jones.
The elaborate scheme and the lost assets
According to reports, Nancy Jones reported on July 23 that West had stolen 400,000 USD in cash and a cold Ledger wallet containing over 11 million USD in cryptocurrency (mainly $XRP ) from two safes in her home around June 26. The total value of the cryptocurrency skyrocketed to over 17 million USD by the time West was arrested.
Nancy's legal team recovered about 5 million XRP, but nearly half a million XRP (worth about 1.5 million USD) is still missing.
Interestingly, West had been living with Nancy since 2013, after pretending to be a real estate buyer to approach wealthy women. The couple began a romantic relationship, and Nancy covered all living expenses for West, who was unemployed and had no assets.
West was previously convicted of bank fraud in 2016. While under home confinement, West learned about crypto and convinced Nancy to invest heavily in XRP, Ethereum, $SHIB , and $DOGE . When Nancy suspected West was deceiving her, she checked the safes and discovered the cold wallet and cash were missing. West was kicked out of the house and threatened over the phone that Nancy would only get back 5 million USD.
West was arrested while trying to move. He must post 1 million USD bail and faces charges of theft over 250,000 USD.
Login to explore more contents