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Crypto Founder Ordered to Pay $228 Million over Fake AI Ponzi Scheme
Crypto Founder Ordered to Pay $228 Million over Fake AI Ponzi Scheme

EminiFX founder Eddy Alexandre just lost a court battle over his fake AI exchange scam and must pay $228 million to his creditors. This represents the climax of a two-year legal battle. Several of EminiFX&#8217;s tactics are still notorious in 2025. He used fake promises of AI to lure investors, targeting NYC&#8217;s immigrant populations. Both &hellip; <a href="https://beincrypto.com/eminifx-scam-fake-ai-ponzi-scheme-guilty/">Continued</a>

BeInCrypto·2025/08/20 07:25
Bitcoin EMA50 Breakdown Signals Bearish Shift
Bitcoin EMA50 Breakdown Signals Bearish Shift

Bitcoin falls below its EMA50 daily level for the first time since April, signaling potential bearish momentum.EMA50 No Longer Holding as SupportWhat This Could Mean for BTC’s Next Move

Coinomedia·2025/08/20 07:00
Flash
01:17
Euler responds to the Kelp incident: suspends the EUL LayerZero OFT cross-chain bridge, no rsETH exposure
Foresight News reports that Euler Labs has announced, as a precautionary measure, the temporary suspension of the EUL LayerZero OFT cross-chain bridge during the investigation into the cause of the rsETH incident. The company emphasized that EUL has no exposure to the rsETH incident and will release updates once the cross-chain functionality is restored.
01:16
Lido Earn responds to the Kelp incident: earnETH deposits suspended, stETH and wstETH unaffected
Foresight News reported that Lido tweeted that the Lido Earn team has noticed the Kelp DAO attack incident. earnETH has exposure to rsETH, and as a precautionary measure, further deposits to earnETH have been suspended while the team assesses the situation with relevant partners. Lido also emphasized that stETH and wstETH are not affected by this rsETH incident and that the Lido staking protocol is operating normally.
01:14
Compound issues statement on Kelp incident: Multichain WETH and other markets were suspended, collateral deposits have now resumed
Foresight News reported that the DeFi lending protocol Compound has announced the suspension of the following markets as a preventive measure in response to the Kelp DAO attack: WETH, USDC, and wstETH on the Ethereum mainnet, as well as WETH markets on OP, Base, Arbitrum, Unichain, and Linea. The liquidation function continues to operate normally. Collateral deposits have now reopened. Compound stated that the impact assessment of the incident will still depend on the subsequent actions taken by Kelp DAO, and progress updates will be provided continuously.
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