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 Australian court rules against Qoin issuer BPS Financial on 4 charges

Australian court rules against Qoin issuer BPS Financial on 4 charges


Published: 2024-05-04


1. ASIC's legal action against BPS Financial - The article highlights the Australian Securities and Investments Commission (ASIC) launching legal action against BPS Financial for its involvement in promoting the Qoin token. ASIC alleges that BPS Financial engaged in misleading conduct and made false representations to investors about the Qoin token.

2. Allegations of deception - The article delves into the specific allegations against BPS Financial regarding the deception related to the Qoin token. ASIC asserts that BPS Financial falsely claimed that the Qoin token was backed by a $170 million fund and that it was a high-performing and low-risk investment opportunity,leading investors to be deceived.

3. Impact on investors - The article also discusses the potential impact of the deception by BPS Financial on investors who purchased the Qoin token based on the misleading information provided. Many investors may have suffered financial losses due to the misrepresented nature of the investment opportunity.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,870.00 1,705,684,591.14
2 ARS title=ARS 1,100.40 1,482,044,099.60
3 ETH title=ETH 3,099.34 1,151,413,427.89
4 SOL title=SOL 172.80 686,630,196.17
5 PEPE title=PEPE <0.01 264,245,213.28
6 DOGE title=DOGE 0.16 163,195,906.65
7 WIF title=WIF 2.80 157,132,957.43
8 NEAR title=NEAR 7.97 135,801,842.00
9 XRP title=XRP 0.52 134,908,719.69
10 BOME title=BOME 0.01 126,527,311.41
11 RUNE title=RUNE 6.87 124,256,568.78
12 LINK title=LINK 16.31 122,426,759.91
13 FTM title=FTM 0.84 112,899,353.64
14 PEOPLE title=PEOPLE 0.05 95,612,577.78
15 ENA title=ENA 0.72 94,520,552.11
16 FLOKI title=FLOKI <0.01 89,780,565.14
17 ORDI title=ORDI 41.50 86,419,686.15
18 AVAX title=AVAX 37.38 85,752,527.29
19 RNDR title=RNDR 10.06 71,317,382.02
20 WLD title=WLD 5.04 61,414,863.91
21 JTO title=JTO 4.64 60,898,624.97
22 AR title=AR 48.14 58,660,509.86
23 OP title=OP 2.58 57,031,212.45
24 BCH title=BCH 481.90 54,373,774.94
25 SUI title=SUI 1.09 53,596,526.16
26 ADA title=ADA 0.48 47,813,433.15
27 ETHFI title=ETHFI 3.52 46,363,092.21
28 BONK title=BONK <0.01 46,261,512.42

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 59.81 +28.93
2 0x Protocol title=ZRX 0.60 +22.17
3 Reserve Rights title=RSR <0.01 +19.86
4 TrueFi title=TRU 0.13 +17.74
5 Gnosis title=GNO 306.20 +15.42
6 Pendle title=PENDLE 4.99 +14.96
7 Tensor title=TNSR 0.96 +14.63
8 Polymesh title=POLYX 0.46 +13.66
9 ORDI title=ORDI 41.50 +12.77
10 Biconomy title=BICO 0.56 +11.56
11 ForTube title=FOR 0.02 +11.38
12 Dusk title=DUSK 0.34 +11.13
13 1000SATS (Ordinals) title=1000SATS <0.01 +11.11
14 SSV Network title=SSV 41.55 +10.42
15 LTO Network title=LTO 0.20 +10.06
16 Optimism title=OP 2.58 +9.78
17 Pyth Network title=PYTH 0.46 +9.62
18 SPACE ID title=ID 0.78 +8.95
19 Yield Guild Games title=YGG 0.92 +8.41
20 Bitcoin Cash title=BCH 481.90 +8.27
21 Pixels title=PIXEL 0.38 +8.10
22 Raydium title=RAY 1.90 +8.06
23 Bella Protocol title=BEL 0.89 +7.89
24 Oasis Network title=ROSE 0.09 +7.84
25 COTI title=COTI 0.13 +7.67
26 Ether.fi title=ETHFI 3.52 +7.49
27 Avalanche title=AVAX 37.38 +7.48
28 Internet Computer title=ICP 13.14 +7.41
29 Lido DAO title=LDO 1.82 +7.40
30 Stacks title=STX 2.12 +7.27

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ConstitutionDAO title=PEOPLE 0.05 -10.91
2 High title=HIGH 4.55 -5.46
3 Immutable title=IMX 2.41 -3.01
4 FLOKI title=FLOKI <0.01 -2.81
5 Loom Network (NEW) title=LOOM 0.09 -2.44
6 Vanar Chain title=VANRY 0.19 -2.08
7 BEAMX title=BEAMX 0.02 -1.94
8 AVA Foundation Bridged AVA (BSC) title=AVA 0.66 -1.50
9 Syscoin title=SYS 0.19 -1.34
10 Lisk title=LSK 1.99 -1.19
11 iExec RLC title=RLC 3.25 -1.04
12 NEAR Protocol title=NEAR 7.97 -0.85
13 Pepe title=PEPE <0.01 -0.79
14 LINA title=LINA <0.01 -0.73
15 LeverFi title=LEVER <0.01 -0.68
16 GMX title=GMX 29.87 -0.47
17 dogwifhat title=WIF 2.80 -0.44
18 Verge title=XVG <0.01 -0.40
19 Coin98 title=C98 0.26 -0.39
20 SuperRare title=RARE 0.12 -0.33
21 Wanchain title=WAN 0.25 -0.32

Bitcoin's Greed and Fear Index.

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73
Greed

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