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JPMorgan Sued Over Alleged Role In $328M Crypto Ponzi Scheme
JPMorgan Sued Over Alleged Role In $328M Crypto Ponzi Scheme
Authored by Helen Partz via CoinTelegraph.com,
JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures.
Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds.
A separate federal criminal complaint against Goliath CEO Christopher Delgado, however, says investor funds also flowed through a Bank of America account and directly into Coinbase...
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May 25, 2026 / Dave DeCamp
US Backs Israel’s Escalation in Lebanon
Israeli Prime Minister Benjamin Netanyahu announced on Monday that he ordered the Israeli military to intensify its attacks on Lebanon, which came as US officials speaking to media outlets made clear Washington would support an Israeli escalation despite Iran maintaining that a real ceasefire in Lebanon is required for any deal with the US. “I […]
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May 5, 2026 / Tyler Durden
Industry Leaders Warn Chinese EV Imports Will Undercut Canada's Auto Sector, Bring Major Security Risks
Industry Leaders Warn Chinese EV Imports Will Undercut Canada's Auto Sector, Bring Major Security Risks
Authored by Paul Rowan Brian via The Epoch Times (emphasis ours),
A number of industry leaders and policy experts are warning that the government’s permission of importing Chinese-made electric vehicles (EVs) into Canada at low tariff rates will undermine Canada’s auto sector and cause a number of substantial national security risks.
Models stand next to a latest EV car from Chinese automaker BYD showcased at the Auto China 2026 in Beijing on April 25, 2026. Andy Wong/AP...
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Jun 16, 2026 / Tyler Durden
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022.
CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO.
As...
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