Category: Misleading
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SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’
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The U.S. Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digitalcurrency Group (DCG) for its alleged negligent conduct in connection with its subsidiary’s lending program. Genesis Global Capital (GGC). The action arises from findings that the cryptocurrency group “misled investors” about the financial health…
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Logan Paul’s New Crypto Scandal: Misleading Fans For Profit
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American YouTuber and boxer Logan Paul is facing backlash again after being accused of misleading his fans about cryptocurrency investments. New evidence shows that Paul apparently promoted the tokens without admitting that he had a financial interest in them, earning more than $100,000 in the process. YouTuber profits from misleading…
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Coles, Woolworths Sued by Regulator for Misleading Discounts
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Breadcrumbs Path Links PMN Business Australia’s competition regulator has filed a lawsuit against Coles Group Ltd and Woolworths Group Ltd, the country’s two largest supermarket chains, over allegations they misled shoppers about discount claims on hundreds of popular products. Article author: Bloomberg News Peter Vercoe Published on September 22, 2024…
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Coles, Woolworths Sued by Regulator for Misleading Discounts
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Breadcrumbs Path Links PMN Business Australia’s competition regulator has filed a lawsuit against Coles Group Ltd and Woolworths Group Ltd, the country’s two largest supermarket chains, over allegations they misled shoppers about discount claims on hundreds of popular products. Article author: Bloomberg News Peter Vercoe Published on September 22, 2024…
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Fractal Bitcoin: A Misleading Affinity
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Fractal Bitcoin is a recently launched project that describes itself as “the only native solution for scaling that is fully and instantly compatible with Bitcoin.” Essentially, it’s a built-in mining system that portrays itself as a second-layer sidechain for Bitcoin, where multiple levels of “sidechains” can be stacked on top…
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Fractal Bitcoin: A Misleading Affinity
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Fractal Bitcoin is a recently launched project that describes itself as “the only native solution for scaling that is fully and instantly compatible with Bitcoin.” Essentially, it’s a built-in mining system that portrays itself as a second-layer sidechain for Bitcoin, where multiple levels of “sidechains” can be stacked on top…
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Binance Denies WazirX’s ‘Inaccurate And Misleading’ Claims
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Global exchange Binance has addressed “misleading” claims made by hacked exchange WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after $235 million worth of crypto was stolen. The clarification comes after the WazirX team suggested that users may have to wait until the dispute…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Australia’s ASX Faces Lawsuit Over ‘Misleading’ Blockchain Project Claims—Details
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A press release Reports published earlier today by the Australian Securities and Investments Commission (ASIC) revealed that the country’s largest stock market operator, ASX Limited, is now facing legal challenges following the operator’s alleged misleading statements about its temporarily suspended blockchain project. The project was originally set to revamp the…
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Australia’s ASX Faces Lawsuit Over ‘Misleading’ Blockchain Project Claims—Details
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A press release Reports published earlier today by the Australian Securities and Investments Commission (ASIC) revealed that the country’s largest stock market operator, ASX Limited, is now facing legal challenges following the operator’s alleged misleading statements about its temporarily suspended blockchain project. The project was originally set to revamp the…