Poyrazz
Poyrazz
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I am looking for a coin that has not seen a BULL, which one do you think I should buy?
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Newly listed coins are dropping! I don't understand why delisted ones are dropping either 😏
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USDT DOMINANCE has reached the area I mentioned, I don't think it will break here, I expect it to drop quickly, meaning the market may turn green now, I hope our Altcoin Bull season starts 🖐️
#USDT #Usdtdominance #Dominans
#USDT #Usdtdominance #Dominans
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The Truth Behind Tesla's $700 Million Bitcoin Transfer Revealed! Or Did They Sell It?
Cryptocurrency onchain analysis company Arkham explained the truth behind Tesla's Bitcoin movement in its statement.
Cryptocurrency onchain tracking platform Arkham explained the truth behind Tesla's move, which recently caused sales speculations in the market by moving hundreds of millions of Bitcoins.
According to Arkham analysts, the wallet movements in question made by Tesla were only wallet rotations and these Bitcoins still belong to Tesla.
The company transferred all of its assets, consisting of $776.9 million worth of BTC, to new cryptocurrency wallets.
As a result of the transfer, BTC assets were divided into seven separate wallets holding assets between 1100 and 2200 BTC. As a result of these transfers, test transfers were initially made for all cryptocurrency wallets and all wallets except one were brought to a position holding a full number of BTC.
As a result, Arkham believes that these Bitcoin assets were not sold, but were merely a wallet arrangement, and that the assets still belong to Tesla.
Cryptocurrency onchain analysis company Arkham explained the truth behind Tesla's Bitcoin movement in its statement.
Cryptocurrency onchain tracking platform Arkham explained the truth behind Tesla's move, which recently caused sales speculations in the market by moving hundreds of millions of Bitcoins.
According to Arkham analysts, the wallet movements in question made by Tesla were only wallet rotations and these Bitcoins still belong to Tesla.
The company transferred all of its assets, consisting of $776.9 million worth of BTC, to new cryptocurrency wallets.
As a result of the transfer, BTC assets were divided into seven separate wallets holding assets between 1100 and 2200 BTC. As a result of these transfers, test transfers were initially made for all cryptocurrency wallets and all wallets except one were brought to a position holding a full number of BTC.
As a result, Arkham believes that these Bitcoin assets were not sold, but were merely a wallet arrangement, and that the assets still belong to Tesla.
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The number of cryptocurrency investors worldwide has exceeded 500 million.
Just think about how many billions of people there are in the world, new people and new companies and states are investing every day, maybe many of you will become millionaires in the future 🤚
Just think about how many billions of people there are in the world, new people and new companies and states are investing every day, maybe many of you will become millionaires in the future 🤚
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Grayscale Announces 35 Altcoins on Its Radar!
Grayscale announced that it has placed 35 altcoins on its radar to evaluate the issuance of investment products.
Grayscale announced a list of altcoins that can be included in investment products. Accordingly, the altcoins on the list will be evaluated in the future, although not definite, and may be listed as investment products.
Grayscale announced that it has placed 35 altcoins on its radar to evaluate the issuance of investment products.
Grayscale announced a list of altcoins that can be included in investment products. Accordingly, the altcoins on the list will be evaluated in the future, although not definite, and may be listed as investment products.
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Bitcoin Price Drops Below This Level Could Trigger $653 Million Liquidation!
According to Coinglass data, if Bitcoin reaches two critical levels, a major liquidation could be triggered in the market. Here are the details.
According to the latest data from Coinglass, Bitcoin’s price action could trigger major liquidation events on mainstream centralized exchanges (CEXs). If Bitcoin’s value drops below $61,000, the cumulative liquidation intensity of long orders could reach a staggering $653 million.
On the other hand, if Bitcoin breaks the $64,000 threshold, short orders could face an even greater liquidation intensity of $848 million.
The liquidation chart provided by Coinglass highlights the relative importance of these clusters, but does not specify the exact number or value of contracts to be liquidated. Instead, the chart shows the importance of each liquidation cluster compared to neighboring clusters, indicating its strength and potential impact.
The data suggests that these clusters represent critical price levels and how much the underlying price of Bitcoin could be affected if they were to reach these points. A higher “liquidation column” indicates a more intense reaction in price action, reflecting the strength of liquidity waves as Bitcoin approaches these levels.
According to Coinglass data, if Bitcoin reaches two critical levels, a major liquidation could be triggered in the market. Here are the details.
According to the latest data from Coinglass, Bitcoin’s price action could trigger major liquidation events on mainstream centralized exchanges (CEXs). If Bitcoin’s value drops below $61,000, the cumulative liquidation intensity of long orders could reach a staggering $653 million.
On the other hand, if Bitcoin breaks the $64,000 threshold, short orders could face an even greater liquidation intensity of $848 million.
The liquidation chart provided by Coinglass highlights the relative importance of these clusters, but does not specify the exact number or value of contracts to be liquidated. Instead, the chart shows the importance of each liquidation cluster compared to neighboring clusters, indicating its strength and potential impact.
The data suggests that these clusters represent critical price levels and how much the underlying price of Bitcoin could be affected if they were to reach these points. A higher “liquidation column” indicates a more intense reaction in price action, reflecting the strength of liquidity waves as Bitcoin approaches these levels.
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In its latest analysis, cryptocurrency analytics firm CryptoCon has identified November 2024 as the expected time for Bitcoin (BTC) to reach its all-time high (ATH).
The firm based its prediction on historical data and technical indicators, particularly the 2-week Ichimoku Cloud, which it claims has been a reliable predictor in previous market cycles.
The firm based its prediction on historical data and technical indicators, particularly the 2-week Ichimoku Cloud, which it claims has been a reliable predictor in previous market cycles.
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Kamala Harris Supporter Congresswoman Makes Bitcoin (BTC) Statement! “You Cannot Be Against It!”
Democratic congresswoman Ro Khanna spoke about Bitcoin and cryptocurrencies.
Known for her anti-Bitcoin (BTC) and anti-cryptocurrency stance to date, US Vice President Kamala Harris has been making positive statements about digital assets in recent days.
At this point, Democratic candidate Harris made statements about the cryptocurrency sector for the first time during a Wall Street fundraising event in Manhattan. In her speech, Harris said that she is determined to promote innovation in technologies such as artificial intelligence and digital assets while ensuring the protection of consumers and investors.
While these statements of Harris were received positively in the cryptocurrency sector, a statement came from Democratic congresswoman Ro Khanna.
You Cannot Be Against Bitcoin (BTC) and Cryptocurrencies!
Speaking to Fox Business, Ro Khanna stated that he was encouraged by Kamala Harris' statements that she would promote innovative technologies such as artificial intelligence (AI) and cryptocurrencies and gave strong support to Bitcoin and cryptocurrencies.
“Look, you can’t be against Bitcoin or crypto. It’s like saying I’m against the iPhone or I’m against the laptop. It’s just a technology.
Yes, we need smart regulation, and this is like a modern version of a payment system, a store of value, and for young people, it’s like a modern version of gold.”
Democratic congresswoman Ro Khanna spoke about Bitcoin and cryptocurrencies.
Known for her anti-Bitcoin (BTC) and anti-cryptocurrency stance to date, US Vice President Kamala Harris has been making positive statements about digital assets in recent days.
At this point, Democratic candidate Harris made statements about the cryptocurrency sector for the first time during a Wall Street fundraising event in Manhattan. In her speech, Harris said that she is determined to promote innovation in technologies such as artificial intelligence and digital assets while ensuring the protection of consumers and investors.
While these statements of Harris were received positively in the cryptocurrency sector, a statement came from Democratic congresswoman Ro Khanna.
You Cannot Be Against Bitcoin (BTC) and Cryptocurrencies!
Speaking to Fox Business, Ro Khanna stated that he was encouraged by Kamala Harris' statements that she would promote innovative technologies such as artificial intelligence (AI) and cryptocurrencies and gave strong support to Bitcoin and cryptocurrencies.
“Look, you can’t be against Bitcoin or crypto. It’s like saying I’m against the iPhone or I’m against the laptop. It’s just a technology.
Yes, we need smart regulation, and this is like a modern version of a payment system, a store of value, and for young people, it’s like a modern version of gold.”
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"Fed Spokesperson" Nick Timiraos, a journalist, said:
"The Fed made a bold start to the rate cut by cutting interest rates by 50 basis points for the first time since 2020. Eleven of the 12 Fed members who voted supported the rate cut, lowering the benchmark federal funds rate to a range of 4.75% to 5%.
The quarterly forecasts released on Wednesday showed most officials expect to cut interest rates by at least 25bp at meetings in November and December. The decision to cut rates puts the Fed in a new era: trying to prevent last year's rate hikes, which have pushed borrowing costs to their highest level in two decades, from further weakening the U.S. labor market."
"The Fed made a bold start to the rate cut by cutting interest rates by 50 basis points for the first time since 2020. Eleven of the 12 Fed members who voted supported the rate cut, lowering the benchmark federal funds rate to a range of 4.75% to 5%.
The quarterly forecasts released on Wednesday showed most officials expect to cut interest rates by at least 25bp at meetings in November and December. The decision to cut rates puts the Fed in a new era: trying to prevent last year's rate hikes, which have pushed borrowing costs to their highest level in two decades, from further weakening the U.S. labor market."
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Crypto analyst il Capo of Crypto argued in his statement that altcoins may be entering a new bull wave.
Perhaps the most well-known analyst in the cryptocurrency world, il Capo of Crypto shared his latest views after the increases that came today in his statement.
According to the analyst, an important turning point was left behind with the Bitcoin (BTC) price exceeding $ 60,000 today. il Capo argued that reaching the liquidity zone above the previous all-time high is now more likely.
On the other hand, the analyst stated that the BTC dominance is at a major resistance point in the long-term chart and claimed that the upward power in the dominance is decreasing. The analyst drew attention to the altcoin dominance chart, namely OTHERS.D, to support this claim. As a result of this situation, the analyst thinks that although BTC is used as a reference for the direction of the market, the main focus should be on altcoins.
Finally, il Capo claimed in his statement that the cryptocurrency market is entering a significant impulsive bull wave and argued that altcoins will outperform during this period.
The analyst, who until recently had a major bear view of Bitcoin and the general cryptocurrency market, changed his views a few months ago.
Perhaps the most well-known analyst in the cryptocurrency world, il Capo of Crypto shared his latest views after the increases that came today in his statement.
According to the analyst, an important turning point was left behind with the Bitcoin (BTC) price exceeding $ 60,000 today. il Capo argued that reaching the liquidity zone above the previous all-time high is now more likely.
On the other hand, the analyst stated that the BTC dominance is at a major resistance point in the long-term chart and claimed that the upward power in the dominance is decreasing. The analyst drew attention to the altcoin dominance chart, namely OTHERS.D, to support this claim. As a result of this situation, the analyst thinks that although BTC is used as a reference for the direction of the market, the main focus should be on altcoins.
Finally, il Capo claimed in his statement that the cryptocurrency market is entering a significant impulsive bull wave and argued that altcoins will outperform during this period.
The analyst, who until recently had a major bear view of Bitcoin and the general cryptocurrency market, changed his views a few months ago.
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The incident that shook the crypto world; He had funds stolen at gunpoint.
Nick Drakon, CEO of crypto research and education platform Revelo Intel, announced that he was attacked by an armed group and forced to transfer company funds. Drakon, who resigned after the incident, stated that the attackers targeted crypto assets and gained access to company accounts. This shocking development has brought security concerns to the agenda again in the crypto world.
Nick Drakon, CEO of crypto research and education platform Revelo Intel, announced that he was attacked by an armed group and forced to transfer company funds. Drakon, who resigned after the incident, stated that the attackers targeted crypto assets and gained access to company accounts. This shocking development has brought security concerns to the agenda again in the crypto world.
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Why did the world's largest cryptocurrency, Bitcoin (BTC), and the general cryptocurrency market show a sudden decline today?
The world's largest cryptocurrency, Bitcoin (BTC), lost about 4.5% in value in the last 24 hours and fell to $ 52,700 at its lowest point.
The total market value of BTC reached the critical level of $ 1 trillion with the declines.
Similar declines were observed on the altcoin side as in BTC. However, a large amount of cryptocurrencies were also liquidated due to the increasing volatility in the market. The data shows the liquidation of $ 267 million worth of cryptocurrencies in the last 24 hours. $ 221 million of these were in long positions. A total of 85,109 traders were liquidated.
As can be expected, a significant portion of the liquidations were observed in Bitcoin with $ 99 million. Ethereum came in second with $ 59.75 million.
The decline is attributed to rising recession concerns following today’s employment data and Fed member Waller’s statements. Traders have been avoiding risk assets following these developments.
The S&P 500 fell 1.7% and the Nasdaq 100 fell 2.7%, while new data showed that U.S. employment growth in August fell 23,000 jobs below expectations. Two-year Treasury yields fell as much as 15 basis points before recouping some of their losses.
“Markets are turning their attention to how much the Fed will ease and how quickly the economy slows,” said Scott Wren of Wells Fargo Investment Institute. “Expect near-term volatility.”
The world's largest cryptocurrency, Bitcoin (BTC), lost about 4.5% in value in the last 24 hours and fell to $ 52,700 at its lowest point.
The total market value of BTC reached the critical level of $ 1 trillion with the declines.
Similar declines were observed on the altcoin side as in BTC. However, a large amount of cryptocurrencies were also liquidated due to the increasing volatility in the market. The data shows the liquidation of $ 267 million worth of cryptocurrencies in the last 24 hours. $ 221 million of these were in long positions. A total of 85,109 traders were liquidated.
As can be expected, a significant portion of the liquidations were observed in Bitcoin with $ 99 million. Ethereum came in second with $ 59.75 million.
The decline is attributed to rising recession concerns following today’s employment data and Fed member Waller’s statements. Traders have been avoiding risk assets following these developments.
The S&P 500 fell 1.7% and the Nasdaq 100 fell 2.7%, while new data showed that U.S. employment growth in August fell 23,000 jobs below expectations. Two-year Treasury yields fell as much as 15 basis points before recouping some of their losses.
“Markets are turning their attention to how much the Fed will ease and how quickly the economy slows,” said Scott Wren of Wells Fargo Investment Institute. “Expect near-term volatility.”
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Could Bitcoin price climb to $100,000 by the end of the year? According to some analysts, yes. Here are the details.
Despite Bitcoin’s recent drop below $60,000, market analysts are optimistic about the potential for the BTC price to rise to $100,000 by the end of the year.
While this may seem ambitious, several macroeconomic factors could drive this upward momentum, making such a prediction less distant than it seems.
Noelle Acheson, a well-known crypto analyst, points out that Bitcoin saw a remarkable 270% increase from August to December 2020 following its previous halving. In her recent “Crypto is Macro” newsletter, she said that Bitcoin would only need to increase by 70% to reach $100,000, a much more modest climb compared to its past performance.
David Brickell of FRNT Financial and former forex trader Chris Mill echoed this sentiment in their “Connecting the Dots” newsletter, stating that current macroeconomic trends are aligning in Bitcoin’s favor. While the market awaits a catalyst, they emphasize that the overall environment is ripe for Bitcoin to continue its upward trajectory.
Another important factor affecting Bitcoin’s potential rally is the Fed’s monetary policy. Fed Chair Jerome Powell hinted at the possibility of lowering interest rates during his speech at the Jackson Hole Economics Symposium on August 23. Lower interest rates are generally beneficial for risky assets like cryptocurrencies, as they create a more supportive economic environment. Matt Hougan, Bitwise’s Chief Investment Officer, suggests that such rate cuts could “inject some life” into the market, further fueling Bitcoin’s rally.
The upcoming US presidential election is another factor that could affect Bitcoin’s price.
Despite Bitcoin’s recent drop below $60,000, market analysts are optimistic about the potential for the BTC price to rise to $100,000 by the end of the year.
While this may seem ambitious, several macroeconomic factors could drive this upward momentum, making such a prediction less distant than it seems.
Noelle Acheson, a well-known crypto analyst, points out that Bitcoin saw a remarkable 270% increase from August to December 2020 following its previous halving. In her recent “Crypto is Macro” newsletter, she said that Bitcoin would only need to increase by 70% to reach $100,000, a much more modest climb compared to its past performance.
David Brickell of FRNT Financial and former forex trader Chris Mill echoed this sentiment in their “Connecting the Dots” newsletter, stating that current macroeconomic trends are aligning in Bitcoin’s favor. While the market awaits a catalyst, they emphasize that the overall environment is ripe for Bitcoin to continue its upward trajectory.
Another important factor affecting Bitcoin’s potential rally is the Fed’s monetary policy. Fed Chair Jerome Powell hinted at the possibility of lowering interest rates during his speech at the Jackson Hole Economics Symposium on August 23. Lower interest rates are generally beneficial for risky assets like cryptocurrencies, as they create a more supportive economic environment. Matt Hougan, Bitwise’s Chief Investment Officer, suggests that such rate cuts could “inject some life” into the market, further fueling Bitcoin’s rally.
The upcoming US presidential election is another factor that could affect Bitcoin’s price.
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Analysts at QCP Capital said they expect Bitcoin to continue trading in the $62,000 to $67,000 range in the near term.
After FED Chairman Jerome Powell signaled a rate cut at the Jackson Hole Symposium in September, Bitcoin prices made strong progress by breaking through the $59,000-$62,000 supply zone.
BTC, which rose to $65,000, is trading sideways at $63,000 after a mixed trend on the first day of the week.
While investors are expecting a further rise to $70,000 and a new ATH, analysts at Singapore-based crypto trading firm QCP Capital expect BTC to continue trading in the $62,000 to $67,000 range in the near term.
Analysts who evaluated the market after Powell's Jackson Hole meeting said that there was heavy selling in $ 100,000 BTC calls that will expire in March 2025.
Stating that this situation indicates a bullish market sentiment, QCP analysts stated that despite the bullish sentiment, there will not be an explosive increase in the near term.
“Despite higher spot prices, BTC and ETH vols tend to be more towards put options than call options until October.
At this point, although the upward movement in price is decisive, volatility shows hesitation in the market. While short-term volatility is decreasing, the BTC spot price is likely to continue to fluctuate in the range of $ 62,000 - $ 67,000 in the near term.
NVIDIA earnings (August 28) and US PCE (August 30) will be announced this week, but we do not foresee any major surprises from these risk events.”
After FED Chairman Jerome Powell signaled a rate cut at the Jackson Hole Symposium in September, Bitcoin prices made strong progress by breaking through the $59,000-$62,000 supply zone.
BTC, which rose to $65,000, is trading sideways at $63,000 after a mixed trend on the first day of the week.
While investors are expecting a further rise to $70,000 and a new ATH, analysts at Singapore-based crypto trading firm QCP Capital expect BTC to continue trading in the $62,000 to $67,000 range in the near term.
Analysts who evaluated the market after Powell's Jackson Hole meeting said that there was heavy selling in $ 100,000 BTC calls that will expire in March 2025.
Stating that this situation indicates a bullish market sentiment, QCP analysts stated that despite the bullish sentiment, there will not be an explosive increase in the near term.
“Despite higher spot prices, BTC and ETH vols tend to be more towards put options than call options until October.
At this point, although the upward movement in price is decisive, volatility shows hesitation in the market. While short-term volatility is decreasing, the BTC spot price is likely to continue to fluctuate in the range of $ 62,000 - $ 67,000 in the near term.
NVIDIA earnings (August 28) and US PCE (August 30) will be announced this week, but we do not foresee any major surprises from these risk events.”
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Major Bitcoin Bull Scaramucci Shares His Predictions for When Bitcoin Price Will Recover
Anthony Scaramucci, one of the well-known Bitcoin bulls, also touched on the Bitcoin price in his statement
SkyBridge Capital founder and managing partner Anthony Scaramucci shared his thoughts on Bitcoin and the general cryptocurrency landscape during an interview on CNBC’s Squawk Box program.
Scaramucci expressed his optimism about Bitcoin’s future, especially in late 2024. He noted that the “supply glut” appears to be decreasing, which is a positive sign for Bitcoin’s price. Also touching on the ongoing comparison between Bitcoin and gold, Scaramucci acknowledged that while gold has increased by 30% in the last two years, Bitcoin has remained relatively stable. However, he argued that Bitcoin is still in its early stages as a technological innovation rather than just a store of value. He suggested that as adoption increases, Bitcoin could solidify its position as a store of value, with potentially over a billion wallets in use.
While some expected Bitcoin to reach higher prices by now, Scaramucci noted that regulatory challenges and market volatility have delayed its rise. However, he is confident that Bitcoin will eventually reach the $100,000 mark.
Scaramucci noted that about 65% of recent inflows have gone into spot Bitcoin ETFs, with the remaining 35% going directly to Bitcoin. The trend is being driven by the increasing ease of buying Bitcoin through ETFs and storing it in brokerage accounts. He also pointed to Wall Street’s potential as a “sales machine” that has yet to fully capitalize on the Bitcoin market.
He suggested that bipartisan support for crypto regulation could grow as we approach 2025 and 2026.
Anthony Scaramucci, one of the well-known Bitcoin bulls, also touched on the Bitcoin price in his statement
SkyBridge Capital founder and managing partner Anthony Scaramucci shared his thoughts on Bitcoin and the general cryptocurrency landscape during an interview on CNBC’s Squawk Box program.
Scaramucci expressed his optimism about Bitcoin’s future, especially in late 2024. He noted that the “supply glut” appears to be decreasing, which is a positive sign for Bitcoin’s price. Also touching on the ongoing comparison between Bitcoin and gold, Scaramucci acknowledged that while gold has increased by 30% in the last two years, Bitcoin has remained relatively stable. However, he argued that Bitcoin is still in its early stages as a technological innovation rather than just a store of value. He suggested that as adoption increases, Bitcoin could solidify its position as a store of value, with potentially over a billion wallets in use.
While some expected Bitcoin to reach higher prices by now, Scaramucci noted that regulatory challenges and market volatility have delayed its rise. However, he is confident that Bitcoin will eventually reach the $100,000 mark.
Scaramucci noted that about 65% of recent inflows have gone into spot Bitcoin ETFs, with the remaining 35% going directly to Bitcoin. The trend is being driven by the increasing ease of buying Bitcoin through ETFs and storing it in brokerage accounts. He also pointed to Wall Street’s potential as a “sales machine” that has yet to fully capitalize on the Bitcoin market.
He suggested that bipartisan support for crypto regulation could grow as we approach 2025 and 2026.
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Fraudster Who Defrauded Cryptocurrency Investors Out of $4 Billion Caught in Turkey.
A fraudster who has been wanted for years for defrauding investors out of $4 billion has been caught in Turkey after changing his name.
According to numerous reports in the Turkish press, Andreas Szakacs, one of the founders of the controversial cryptocurrency company OmegaPro, was arrested in Turkey in July on charges of organizing a pyramid scheme that defrauded investors out of $4 billion.
Originally from Sweden, Szakacs reportedly changed his name to Emre Avcı after becoming a Turkish citizen. He denied the accusations, claiming that he only worked in finance and marketing.
The arrest came after a tip from an anonymous informant on June 28. Following raids on two villas in the Beykoz district of Istanbul, Szakacs was detained on July 9, and was arrested on July 10 on charges of “fraud using information systems, banks or credit institutions as a tool.”
During the raids, Turkish authorities seized computers and 32 cold wallets, which are typically used to store cryptocurrencies offline.
Despite Szakacs reportedly not providing the passwords, investigators were able to track the movements of $160 million in cryptocurrencies.
The collapse of OmegaPro in late 2022, which coincided with the collapse of cryptocurrency exchange FTX, left investors around the world in financial ruin.
One of the key witnesses in the case, Dutch citizen Abdul Ghaffar Mohaghegh, told investigators that he lost $7 million in the fraud scheme. Mohaghegh also claimed to have represented 3,000 affected investors, who lost $103 million in the alleged scam, through power of attorney.
A fraudster who has been wanted for years for defrauding investors out of $4 billion has been caught in Turkey after changing his name.
According to numerous reports in the Turkish press, Andreas Szakacs, one of the founders of the controversial cryptocurrency company OmegaPro, was arrested in Turkey in July on charges of organizing a pyramid scheme that defrauded investors out of $4 billion.
Originally from Sweden, Szakacs reportedly changed his name to Emre Avcı after becoming a Turkish citizen. He denied the accusations, claiming that he only worked in finance and marketing.
The arrest came after a tip from an anonymous informant on June 28. Following raids on two villas in the Beykoz district of Istanbul, Szakacs was detained on July 9, and was arrested on July 10 on charges of “fraud using information systems, banks or credit institutions as a tool.”
During the raids, Turkish authorities seized computers and 32 cold wallets, which are typically used to store cryptocurrencies offline.
Despite Szakacs reportedly not providing the passwords, investigators were able to track the movements of $160 million in cryptocurrencies.
The collapse of OmegaPro in late 2022, which coincided with the collapse of cryptocurrency exchange FTX, left investors around the world in financial ruin.
One of the key witnesses in the case, Dutch citizen Abdul Ghaffar Mohaghegh, told investigators that he lost $7 million in the fraud scheme. Mohaghegh also claimed to have represented 3,000 affected investors, who lost $103 million in the alleged scam, through power of attorney.
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