Shenzhen Shikongyun Technology, a prominent Filecoin mining firm, is accused of orchestrating a $83.2 million pyramid scheme. The firm allegedly exaggerated profit expectations through a hierarchical system to recruit potential customers. Additional allegations developed when platforms bpool.io and filpool.io were used for MLM activities, reportedly to deceive and defraud investors.
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Crypto ETF Boom: Riding the Wave of Innovation Amidst Regulatory Hurdles and Security Concerns
The future of crypto ETFs is looking promising with regulatory approval expected in the US, potentially accounting for 10% of Bitcoin’s market value in three years. However, concerns over regulatory challenges and security persist, emphasizing the need for maturity and resilience in crypto markets.