Alleged Bithumb's employee is suspected of info leak

Crypto Korean have found the leaked mailing screenshots of Bithumb's employee
29 September 2017   3302

One of the employees of largest South Korea's cryptoexchange Bithumb is suspected of divulging the exchange's plans to integrate the Zcash (ZEC) and Qtum crypto currency. This is reported by Crypto Korean.

Screenshots of mailing is added to a Twitter post. Originally, they've appeared on a crypto releated Korean forum. 

ZEC spike
ZEC spike

As you can see on the screenshot above, price spike came emidiatly after the screenshots leak. According to the Whale Panda, suspicions regarding the disclosure of insider information are completely reasonable. On the chart attached to his tweet, it is shown that the price surge occurred just at the moment of the screenshot appearance on the popular Korean forum. Then another price jump is visible - already at the time of the immediate addition of Zcash to the listing of the Bithumb exchange.

Bithumb is the leader in the daily trading volume in South Korea and one of the largest crypto-exchange trading platforms in the world.

Cryptoexchanges rateCryptoexchanges rate 

The high liquidity of the exchange suggests that almost any cryptocurrency falling into the listing of Bithumb, as a rule, receives a sharp price jump. According to analysts, such incidents can adversely affect the reputation of Bithumb, especially in light of the significant tightening of the regulation of the crypto industry in South Korea.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   410

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.