The YouTuber, who played a pivotal role in orchestrating the scam, initially gained prominence by recommending stocks. However, after the stocks he endorsed were suspended from trading in 2020, he shifted his focus to cryptocurrencies. This transition led to significant dissatisfaction among his investment advisory platform's clients, who subsequently demanded refunds. The case highlights the growing concerns over cryptocurrency-related fraud and the need for increased vigilance and regulatory measures to protect investors from such deceptive practices.
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According to BlockBeats, a whale address beginning with AA21 has significantly increased its Solana (SOL) holdings. On November 11, Lookonchain monitoring revealed that this address added 7,500 SOL, valued at approximately $1.57 million. Since October 22, the whale has accumulated a total of 257,599 SOL, which is worth around $54 million.
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Bitcoin (BTC) saw a total liquidation amount of $48.26 million, while Ethereum (ETH) experienced liquidations amounting to $58.06 million. These figures highlight the volatility and rapid changes in the cryptocurrency market, affecting both long and short positions significantly. The data underscores the risks associated with leveraged trading in the crypto space, where sudden market movements can lead to substantial financial losses for traders. #BTC #ETH
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