Vitalik Buterin fake death crashes Ethereum

Ethereum lost 14.5% in 24 hours due to a fake "death"
26 June 2017   8191
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

The fake news appeared on 4chan’s /biz/ thread at 4:30PM EST on 25th June. The post had a header “Vitalik Buterin confirmed dead”, but no proof link was inside.

The "news" started to be actively discussed, however, none of the commentators could confirm the death of Vitalik.

After some time, comments became more and more "scary" due to the fact that there was no response from Buterin. But it is necessary to remember that he lives in Singapore, so, it was early morning there. 

Also, someone edited Wikipedia page about Vitalik, put it to past tense. 

Vitalik Buterin wiki page
Vitalik Buterin wiki page

Some "news" sites began to add details on Vitalik's fake death. Still, no proofs. 

Fake death news

Luckily, it was a hoax and Vitalik is alive and doing great.

This tragic "news" had a big negative effect on Ethereum's rate. 

Ethereum Chart
Ethereum Chart

In general, Ethereum lost 14.5% in 24 hours.

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   213

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.