🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
The SEC has sued the founder of PGI Global for allegedly defrauding $198 million in encryption assets.
Gate.io News bot message, the SEC has filed a lawsuit against PGI Global founder Ramil Palafox in the Eastern District Court of Virginia. According to the lawsuit documents, Palafox raised approximately $198 million through a "membership" package and multi-level marketing model from January 2020 to October 2021.
The investigation showed that Palafox misappropriated over $57 million to purchase Lamborghinis, luxury goods, and cover personal expenses. The remaining funds were used in a Ponzi scheme to pay investor returns and referral rewards, which ultimately collapsed at the end of 2021.
The SEC has charged Palafox with violations of anti-fraud and registration provisions, requesting the court to issue a permanent injunction, a restraining order, and to recover illegal gains and civil penalties. The SEC has also filed criminal charges against the relevant parties.
Source: Wu Shuo