PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation. Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation. Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.

Sahara disclosed preliminary findings from its investigation into recent token volatility: no abnormalities were found with market makers, and contract security was unaffected.

2025/12/02 17:23

PANews reported on December 2nd that Sahara stated that rumors circulating in the market regarding "abnormal market maker operations" are untrue. Currently, the designated market makers for $SAHARA are Amber Group and Herring Global, and after verification, no abnormal behavior has been found from either party. The official statement also emphasized that the $SAHARA token smart contract remains completely secure and unchanged, and token management and custody remain entirely under the control of the Sahara Foundation.

Sahara's preliminary investigation indicates that the sharp price fluctuations were primarily caused by large-scale perpetual contract liquidations and a significant concentration of short positions during the event. The team is currently in direct communication with the relevant exchanges and will disclose further information once more verified.

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

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U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14