Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Crypto Founder Pleads Guilty to $9,400,000 Ponzi Scheme That Defrauded Thousands of Investors

The CEO and co-founder of purported cryptocurrency investment firm Wolf Capital just pleaded guilty to his role in a Ponzi scheme that looted millions of dollars from investors. According to the U.S. Department of Justice (DOJ), Travis Ford used Wolf Capital’s website, social media and internet-based promotional activities to solicit investments between January 2023 and August 2023. Court documents show that the 35-year-old Oklahoma resident enticed investors by presenting himself as a sophisticated trader who can give high returns of 1% to 2% per day, or approximately 547% in one year. “Ford made such false promises to induce members of the public to invest money in the company.” The DOJ says Ford has now admitted that he did not believe it is possible to consistently deliver the promised returns. Wolf Capital managed to raise $9.4 million from 2,800 investors, but Ford misappropriated and diverted the funds to benefit himself and other conspirators, causing financial damage to the investors. On Thursday, he pleaded guilty to one count of conspiracy to commit wire fraud. The crime is punishable by up to five years of prison time, but a federal district court judge will determine the appropriate sentence after considering US sentencing guidelines and other statutory factors. The court has not yet set the sentencing date. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Founder Pleads Guilty to $9,400,000 Ponzi Scheme That Defrauded Thousands of Investors appeared first on The Daily Hodl . Bitcoin.com

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AVALANCHE PRICE ANALYSIS & PREDICTION (January 12) – Following This Week’s Meltdown, Avax Nears a Critical Support But Can It Hold?

Avax has experienced serious reductions in the last few days, but it seems to be reaching a critical support level in the daily timeframe. A strong negotiation there should determine the price movement next. Avax has seen a series of ups and downs in the past month, although the bears have been gaining more control than expected as they continue to pull lower. So far, it has lost roughly 20% from the recent top, and at the time of writing, there are no signs of stopping bearishness. However, the price is slowly reaching a critical support level of $35 as selling pressure drops a bit on the daily chart. This critical support level is considered where the next major direction is likely to take place. If the bulls act upon this support by defending it well, we can anticipate a fresh increase with a double-bottom formation on the daily chart. This should fuel a strong bullish move, which may explode the price to a new high. Otherwise, we may see a breakdown to confirm further bearish move. Such a scenario could completely wash off the late 2024 gains within a blink, painting a catastrophic loss in the short term. Now that the bullish bias is temporarily fading in the short term due to low demand, it is important to note that the bearish dominance might get stronger amid rising supply. Avax’s Key Level To Watch Source: Tradingview A break below the mentioned critical support could bring us back to $33.6 – last month’s low. The lower level to consider for more sell-offs is $30.6, followed by the $27.2 level. Should the buyers intercept the latest move, Avax may bounce back to retake the lost $40 level along with the weekly $45 high. Surpassing this level could fuel more recoveries to $50 and potentially $55.5. Key Resistance Levels: $40, $45, $50 Key Support Levels: $35, $30.6, $27.2 Spot Price: $36.7 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: ivanbabydov/ 123RF // Image Effects by Colorcinch Bitcoin.com