Trendon T. Shavers is the name of the man recently charged by the US Securities and Exchange Commission (SEC) for allegedly running a Bitcoin-related Ponzi scheme.However, the Bitcoin world knows him better as the famous ‘pirateat40’. The founder and main operator of Bitcoin Savings and Trust (BTCST) offered and sold Bitcoin-denominated investments through the platform, collecting a true ... The latest installment from Bitcoin.com’s new video series entitled “The 5 Biggest Bitcoin Heists in History – Ranked” examines the top bitcoin heists and a Ponzi scheme, and details how each one was executed. The heyday of cryptocurrency heists started in 2011, quickly peaked over the next two years, and has continued to this day. As described in the video, hackers were able to steal ... Texas resident Trendon Shavers is now serving an 18-month jail sentence for a Ponzi-style scheme based around Bitcoin. The “first person to face federal securities fraud charges involving bitcoins,” Shavers promised unusually high returns to investors, while in turn using funds to pay back early investors, and amass bitcoins for himself. Shavers also purchased a BMW and funded a Vegas ... The Trendon Shavers gave legal precedent that Bitcoin is not an illegal security according to the Howey test . The IRS has already formalized how it treats Bitcoin (as an asset) Many wealthy and highly connected individuals have personally invested in Bitcoin and they wont be too happy if their peers in politics make Bitcoin illegal. Traditional Fintech in the USA like ICE/BAKKT(owner of NYSE ... If anything good has come out of the Ponzi scheme set up by Trendon Shavers – more known in the cryptocurrency world as ‘pirateat40’ – is the decision of a Texas judge, who has recently ruled that “Bitcoin is a currency or form of money”, meaning that the Securities and Exchange Commission (SEC) can go ahead and sue the suspect. You can check the document signed by the North ... However, in August, Bitcoin was waiting for another collapse. After Trendon Shavers (Priate @ 40) stopped paying BTC for the obligations of his “investment fund” Bitcoin Savings and Trust, the price of cryptocurrency fell sharply by $3 and amounted to less than $11 per BTC. April 2013: DDos attack. Although 2012 was a difficult year for cryptocurrency, the cost of BTC continued to grow ... Scammer Demands 300 Bitcoin From Binance in KYC Data Ransom - August 7, 2019. Bitcoin value: $11981.15 Bitcoin value 10 days later: $10220.6 View Event #129 on Chart. Binance has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins. In its efforts to be totally transparent, Binance has ... 4. The Trendon Shavers Scandal. Trendon Shavers was a resident of Prosper, Texas. He ran an online trading firm known as Bitcoin Savings and Trust. He raised 764,000 Bitcoins for this firm between 2011 and 2012. The value of these Bitcoins was $4.5 million. Shavers promised a 7% return on their investment. Sadly, he misappropriated the funds he ... No entanto, em Agosto, o Bitcoin estava aguardando outro colapso. Depois que o Trendon Shavers (Priate @ 40) parou de pagar ao BTC pelas obrigações de seu “fundo de investimento” Bitcoin Savings and Trust, o preço da criptomoeda caiu acentuadamente em US$ 3 e chegou a menos de US$ 11 por BTC. Abril de 2013: Ataque do DDos Kashmir Hill – Federal Judge Rules Bitcoin Is Real Money: . Forbes.com contributor Kashmir Hill highlights a new development regarding ways existing laws can be applied to Bitcoin-related activity.Excerpts: “In defending himself against the SEC suit, Shavers argued that Bitcoin isn’t actually money and that the SEC shouldn’t be able to prosecute him.”
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