{"id":6047,"date":"2022-06-18T11:38:12","date_gmt":"2022-06-18T09:38:12","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/06\/18\/trillion-dollar-crypto-collapse-sparks-flurry-of-us-lawsuits-whos-to-blame\/"},"modified":"2022-06-18T11:38:12","modified_gmt":"2022-06-18T09:38:12","slug":"trillion-dollar-crypto-collapse-sparks-flurry-of-us-lawsuits-whos-to-blame","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/06\/18\/trillion-dollar-crypto-collapse-sparks-flurry-of-us-lawsuits-whos-to-blame\/","title":{"rendered":"Trillion-dollar crypto collapse sparks flurry of US lawsuits \u2013 who\u2019s to blame?"},"content":{"rendered":"

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult<\/p>\n

With investors worldwide looking at a collective $1.5tn in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame \u2013 and who could be held to account?<\/p>\n

With inflation and interest rates rising, the best-known cryptocurrencies have been hit with heavy and continuing losses: Bitcoin has lost more than 50% of its value this year; Ethereum, its largest rival, is down 65%; and the total value of crypto assets has dropped to less than $1tn from its November 2021 peak of $3tn. US federal regulators say <\/a>46,000 people have reported losing $1bn in crypto to scams since January 2021.<\/p>\n

Continue reading…<\/a>
\nKim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult
\nWith investors worldwide looking at a collective $1.5tn in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame \u2013 and who could be held to account?
\nWith inflation and interest rates rising, the best-known cryptocurrencies have been hit with heavy and continuing losses: Bitcoin has lost more than 50% of its value this year; Ethereum, its largest rival, is down 65%; and the total value of crypto assets has dropped to less than $1tn from its November 2021 peak of $3tn. US federal regulators say 46,000 people have reported losing $1bn in crypto to scams since January 2021. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult With investors worldwide looking at a collective $1.5tn in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame \u2013 and who could be held …<\/p>\n

Trillion-dollar crypto collapse sparks flurry of US lawsuits \u2013 who\u2019s to blame?<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":6048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6047"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6047"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6048"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6047"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}