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Former Bitsonar Employee Files FBI Complaint Against Firm

Former Bitsonar Employee Files FBI Complaint Against Firm

Yaroslav Shtadchenko, former project manager at now defunct crypto fund Bitsonar, has formally accused his former employer of fraud. As previously reported, Bitsonar is an investment firm that managed to raise up to $2.5 million dollars in crypto from investors worldwide and went bust this summer. Investors from the U.S., U.K., Canada, Ukraine and other …

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Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum …

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AT&T Files for Dismissal in $24M Phone Hack Case, Claims Crypto Exec Didn't Read T&Cs

AT&T Files for Dismissal in $24M Phone Hack Case, Claims Crypto Exec Didn’t Read T&Cs

U.S. mobile operator AT&T hopes to dismiss crypto investor Mike Terpin’s amended case over a SIM-swap hack, claiming he had not read the firm’s terms and conditions. AT&T’s attorneys took issue with three parts of the second amended complaint and his request for millions in punitive damages, arguing they showed the plaintiff was himself mostly …

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