Category: Alleged
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Bybit suffers £1.1bn crypto heist in largest alleged theft on record
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Bybit, a Dubai -based cryptocurrency, revealed that the infiltrators stole 1.5 billion dollars (1.1 billion pounds) of digital assets in what may occupy the largest ranking theft in history. The breach, which targeted the ETHEREUM portfolio of the platform, has sparked new warnings of the security gaps in the market,…
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Binance Exec Talks About Detention And Alleged $150M Bribe
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Four months after his release, the Executive Binance Company, Tigran Gambaryan, shared details about his detention by the Nigerian authorities. He called on the executive authority to justice, naming many officials responsible for his arrest, and discussed the events of his nightmare for 8 months. Binance Executive invites the Nigerian…
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Solana’s Pump.Fun Sued For Alleged Pump-And-Dump Scheme
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The popular Solana-based launchpad Pump.fun is under fire again after a law firm filed a class-action lawsuit against the platform on behalf of investors who lost money on memecoins popularized by Pump.fun. The lawsuit says the platform sells unregistered securities, promotes pump-and-dump schemes, and lacks proper user protections. Solana pump.…
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Solana’s Pump.Fun Sued For Alleged Pump-And-Dump Scheme
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The popular Solana-based launchpad Pump.fun is under fire again after a law firm filed a class-action lawsuit against the platform on behalf of investors who lost money on memecoins popularized by Pump.fun. The lawsuit says the platform sells unregistered securities, promotes pump-and-dump schemes, and lacks proper user protections. Solana pump.…
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‘I Just Don’t Feel Great About Bitcoin’: JPMorgan CEO Talks About Crypto’s Alleged Dark Side
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Recently interview In an interview with CBS News, JP Morgan CEO Jamie Dimon reiterated his long-standing skepticism of Bitcoin, saying: “Bitcoin itself has no intrinsic value.” Bitcoin Resilience Amid Dimon Doubts Dimon emphasized the cryptocurrency’s alleged connection to illegal activities, including money laundering and human trafficking, which he believes tarnishes…
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Apple agrees to £77M settlement over alleged Siri eavesdropping
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Apple has pledged to pay $95 million (£77 million) to settle a US class action lawsuit alleging its virtual assistant Siri recorded private conversations without users’ consent. The proposed settlement, filed in federal court in Oakland, California, comes after a five-year legal dispute that covers tens of millions of Apple…
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Vodafone faces £120 million franchisee legal battle over alleged ‘bad faith’ business practices
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Vodafone is facing a legal claim worth more than £120 million brought by 61 current and former UK franchisees, representing one of the largest franchise-related claims against a major British company. The group of claimants, who are several long-standing and loyal franchise partners who started their careers with Vodafone, allege…
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Super Micro Computer stock continues wild ride as investors weigh AI hype against alleged DOJ probe
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Super Micro Computer ( SMCI ) stock fell 2.5% on Thursday after rising as much as 9% the day before, continuing its rollercoaster ride for a week as investors oscillate between optimism about the company’s strong financial position and caution about regulatory risks. It is said that super micro is…
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Norfolk Southern CEO under investigation for alleged relationship with employee
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Norfolk Southern CEO Alan Shaw The railway company confirmed on Monday that it is under investigation for possible ethical misconduct. A spokeswoman for the Atlanta-based railroad, one of the six largest in North America, declined to provide any additional details about the nature of the allegations against Shaw, who worked…
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Norfolk Southern board probing CEO over alleged workplace relationship: CNBC (NYSE:NSC)
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Norfolk Southern (NYSE:NSCApple Inc.’s board of directors is looking into allegations that CEO Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported Sunday, citing three people familiar with the matter. According to a reportThe investigation is in its early stages, and It is likely that no misconduct…
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Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports By Reuters
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(Reuters) – Norfolk Southern’s board of directors is reviewing allegations that Chief Executive Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported on Sunday, citing three people familiar with the matter. Norfolk Southern The New York Stock Exchange (NYSE:) did not respond to a Reuters request for…
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A company has sued Starbucks Corp for a third time, accusing it of stealing its concept for coffee-flavored lipstick and lip gloss. Paluccino, whose leaders include the sister-in-law of televangelist Mehmet Oz, filed the complaint Friday in federal court in Manhattan. The lawsuit…
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A company has sued Starbucks Corp for a third time, accusing it of stealing its concept for coffee-flavored lipstick and lip gloss. Paluccino, whose leaders include the sister-in-law of televangelist Mehmet Oz, filed the complaint Friday in federal court in Manhattan. The lawsuit…
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Australian regulator sues ASX over alleged false statements on CHESS platform progress By Reuters
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Australia’s corporate regulator said on Wednesday it is suing the country’s stock exchange operator ASX Ltd for making “misleading” statements about the timetable for replacing its Clearing House Electronic Subregister System (CHESS) trading platform. The Australian Securities and Investments Commission (ASIC) has alleged that ASX statements claiming that the CHESS…
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‘Roaring Kitty’ Sued Over Alleged GameStop ‘Pump and Dump’
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(Bloomberg) — Popular stock influencer Keith Gill, known as “Roaring Kitty,” has been sued for orchestrating a “pump and dump” scheme involving GameStop Corp. shares. Most Read from Bloomberg Gill, who famously promoted GameStop during the meme trading wave of 2021, resurfaced in May and once again began posting about…
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Police probe alleged political favors at Transport Ministry
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The Israel Police’s National Fraud Squad (Lahav 433) today launched an investigation into suspicions of fraud and breach of trust at the Ministry of Transportation, following the investigative program “Hamkor” hosted by Channel 13 news journalist Raviv Drucker. This morning, police investigators raided the offices of the Ministry of Transport…