Epoch Times CFO Faces $67 Million Money Laundering Charges
Epoch Times CFO Money Laundering Charges:
- Bill Guan, CFO of Epoch Times, faces charges for conspiring to launder $67 million of illegally obtained funds through a transactional scheme involving cryptocurrency.
- Guan allegedly used the Make Money Online team to convert fraudulent proceeds into cryptocurrency and transfer them to bank accounts linked to Enoch Times.
- The illicit funds were cleaned through Guan's personal bank and cryptocurrency accounts, leading to a significant rise in Epoch Times' revenue.
- Cryptocurrency companies raised suspicions about these activities, prompting legal proceedings that could result in an 80-year jail term for Guan.
Crypto Industry Challenges:
- The crypto world has been plagued by significant losses due to hacks, scams, and exploits, with billions lost in the first quarter of 2023 alone.
- Prisma Finance suffered a $9 million loss in a recent hack, adding to the growing concerns within the decentralized finance sector.
- Crypto networks, investors, and users continue to face risks from various scam tactics, including vulnerabilities in smart contracts and complex fund movements across blockchain networks.
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Technical Analysis for VANA
Technical Sentiment Analysis for Vana (VANA) As of , Vana (VANA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VANA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, VANA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Vana (VANA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.607 | 0.964 | 1.306 | 1.663 | 2.005 | 2.362 | 2.704 |
| Fibonacci | 0.964 | 1.231 | 1.396 | 1.663 | 1.93 | 2.095 | 2.362 |
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