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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club.

8 People Arrested in Crypto Fraud Scheme in Israel

Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of shekels in a cryptocurrency fraud scheme.

The arrests were made after officers from the police’s Lahav 433 anti-corruption unit raided the suspects’ homes and offices. They gathered evidence and seized items related to the investigation. The investigation lasted several months and unearthed suspected money laundering and tax offenses, the police detailed.

One of the suspects is Moshe Hogeg, an owner of Beitar Jerusalem Football Club, an Israeli professional soccer club that plays in the Israeli Premier League.

The police explained that the suspects operated a cryptocurrency fraud scheme “in a systematic manner“ over a long period of time. Noting that they defrauded investors in several crypto projects, the police said:

Each pocketed millions of shekels while making false presentations to potential investors to invest in seemingly profitable ventures.

In addition to cryptocurrency fraud, police said Hogeg is suspected of having committed sexual crimes. Hogeg has denied both allegations.

Hogeg and several others were sued in May by former employees of an Israeli venture capital fund who claim that three of Israel’s largest initial coin offerings (ICOs) in 2017 and 2018 were outright scams. The three ICOs, launched by Sirin Labs, Stx Technologies Ltd. (Stox), and Leadcoin, collectively raised $250 million from investors worldwide.

Attorneys Moshe Mazor and Amit Hadad representing Hogeg said Thursday that his client “vehemently denies the suspicions against him and is cooperating fully with investigators.” They added:

We are sure that at the end of the investigation it will become clear that there are no grounds to the allegations against him.

What do you think about this case? Let us know in the comments section below.

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