Crypto Firm CEO Admits Guilt in Elaborate Futures Fraud Conspiracy
Peter Kambolin, former CEO of Systematic Alpha Management, pleads guilty to a “cherry-picking” fraud conspiracy involving crypto futures, facing potential imprisonment. Key Takeaways In a significant unfolding in the crypto domain, Peter Kambolin, the erstwhile CEO of Systematic Alpha Management (SAM) LLC, based in Miami, has entered a guilty plea in a commodities fraud conspiracy centered around crypto futures contracts. …
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Marathon Digital CEO Predicts More Forced Exits Amidst Mounting Challenges in the Bitcoin Mining Sector
Key Points The CEO of Marathon Digital, Fred Thiel has sounded the alarm bells for Bitcoin miners, warning them of the mounting challenges that lie ahead. Thiel, a seasoned industry expert, believes that a range of factors including regulatory pressures, escalating energy costs, and the upcoming “halving” event, will make it increasingly difficult for miners to sustain their profitability. The …
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