Friday, 12 August 2022



LATEST NEWS Implementation of e-office system reviewed at Udhampur DC presides over weekly Block Diwas at CFC Chenani DC Samba holds Public Outreach Program at Patli, Bari Brahmana DDC Kishtwar presides over Weekly Block Diwas at Plan, Kuntwara DDC Chairperson Ramban attends e-inaugural function of School building at Batote Vice Chairperson DDC presides over Block Diwas proceedings at Dinga Amb Public grievances redressal Camp held at Gandoh Ramban Admin organises maiden District-Level Inter-Zone quiz competition- Brain of Ramban NYK Udhampur organises Har Ghar Tiranga rallies across different blocks DC Srinagar holds Public Grievance Redressal Camp at Gandtal Panchayat of Harwan Block Azadi Ka Amrit Mahotsav : Labour Department Samba hosts colourful function to promote Har Ghar Tiranga Campaign Community participation being vigorously mobilized to make Har Ghar Tiranga a grand success : DC Samba “Pension Adalat” for August conducted by EPFO Jammu NRLM Kathua hands over 18 thousand flags to DC DDC Rajouri inspect progress of work on Dhanidhar road, Abdullah Bridge Performance of PMGSY Rajouri reviewed NSS Unit of GDC Ramban organises “Har Ghar Tiranga” campaign rally Atal Dulloo reviews preparedness of Animal Husbandry Department against Lumpy Skin Disease Vivek Bhardawaj chairs 81st BoD of Power Development Corporation Ensure PM-KISAN benefits all eligible beneficiaries : Atal Dulloo Lt Governor inaugurates "UMEED Market Place" under AAI’s AVSAR Scheme at Srinagar airport


Fan crypto token firm's CEO accused of price manipulation

Cryptocurrency, Bitcoin, Ethereum, Crypto Investors, Crypto, Digital Coin

Web Admin

Web Admin

5 Dariya News

San Francisco , 13 Mar 2022

Fan cryptocurrency token company Socios has been accused of price manipulation and according to reports, its CEO Alexandre Dreyfus withheld payments in order to maintain the price of Chiliz (CHZ) token.A probe by Off The Pitch publication found that Socios, which partners 55 football clubs and governing bodies, withheld crypto payments from key advisors, apparently to maintain the value of its Chiliz currency."A staff member alleged that he lost $10 million due to withheld payments," the report said.Socios is a key part of football's financial ecosystem, putting more than $200 million into the game.A whistleblower who raised concerns about missed payments internally was sacked on trumped up charges of "harassment".

Fan tokens are tied to real-life sports teams, creators, or artists, and give token holders access to exclusive fan clubs where they can vote on decisions within their community.As reported by Off the Pitch, Dreyfus allegedly failed to pay some of his advisors an agreed-upon share of Chiliz in exchange for endorsing the cryptocurrency.An internal message from Dreyfus read: "When you give free tokens, people can sell at any price  it doesn't matter for them."He added that the "real investors" who bought Chiliz could be losing money as a result of advisors selling off the currency."We regret that some advisers that have worked with us in the past were not paid in a timely manner and we have rectified this with them directly and maintain good relationships today," a Chiliz spokesperson told Off the Pitch.


Tags: Cryptocurrency , Bitcoin , Ethereum , Crypto Investors , Crypto , Digital Coin



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD