Prince Group and Chen Zhi’s $15 Billion Bitcoin Seizure Under Fire
A dramatic new court filing in the United States District Court for the Eastern District of New York is raising questions about the largest Bitcoin forfeiture cases ever brought by the federal government concerning the Prince Group and Chen Zhi. The case centers on approximately 127,271 Bitcoin, that the Department of Justice alleges is connected to criminal […]
Morgan Stanley Bitcoin ETF Complaints
In August, Morgan Stanley allowed its financial advisors to solicit certain clients to invest in exchange-traded Bitcoin funds. According to an August 2024 report by CNBC, the funds in question are the iShares Bitcoin Trust managed by BlackRock, as well as the Wise Origin Bitcoin Fund managed by Fidelity. If you incurred more than $100,000 […]
Hacker Responsible for SEC SIM Swap Arrested
A man from Alabama was arrested by the FBI in Athens, Alabama, in connection with the January 2024 SIM swap hack of the Securities and Exchange Commission’s (SEC) social media account on X, previously known as Twitter. Court documents state that around January 9, Eric Council Jr., 25, from Athens, is accused of working with […]
Cetera Advisor Donna Hines Barred over Bitcoin Investments
Donna Hines (CRD# 4275524) has been sanctioned by securities regulators in connection to allegations concerning a Bitcoin investment. According to her Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 15, 2021, Ms. Hines was most recently registered with Cetera Advisors in Clarksburg, West Virginia. She is not currently registered with any state […]