Tag: FSCA

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Article: Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million – Regulation Bitcoin News

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Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million – Regulation Bitcoin News

Mark Viduka, 05 April 2021

Blockchain evaluation agency, Chainalysis’ newest crime report has named Mirror Buying and selling Worldwide (MTI) as the largest cryptocurrency rip-off of 2020. Chainalysis arrived at this conclusion after an investigation discovered that MTI had taken in $589 million from greater than 471,000 deposits. In line with the report, MTI’s haul is considerably greater than that of Forsage and J-enco, the following greatest scams. Each scams raked in lower than $350 million every. Continue reading “Article: Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million – Regulation Bitcoin News”

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Article: Huge Group rubbishes market manipulation claim

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Huge Group rubbishes market manipulation claim

DUNCAN MCLEOD, 16 March 2021

Huge Group CEO James Herbst on Tuesday rubbished a claim that the company used its share buyback programme to manipulate its share price higher ahead of its bid to acquire fellow JSE-listed firm, software services group Adapt IT.

News24 reported late on Monday that Huge Group is being probed by the Financial Sector Conduct Authority (FSCA) after a shareholder lodged a complaint against it at the regulatory body. According to the report, the complaint was filed by Kerem Aksoy, the managing member of a US-based investment advisory firm called Glacier Pass Management.

Huge was reportedly actively buying its own shares through December and into January – so much so, that most trades in the (often relatively illiquid) share were because of the buyback programme.

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