Prince Andrew’s Controversial Crypto Engagement at Buckingham Palace

Posted on 2025 年 11 月 2 日 by admin

**Prince Andrew Faces New Controversy Over Private Buckingham Palace Visit by Cryptocurrency Entrepreneurs**

Prince Andrew is once again at the center of controversy following revelations that he hosted a private visit to Buckingham Palace for cryptocurrency businessmen. According to a BBC investigation, the visit was linked to a failed £1.4 million deal involving his ex-wife, Sarah Ferguson, raising serious questions about the use of royal privileges for private business dealings.

The businessmen in question, Jay Bloom and Michael Evers, are co-founders of the Arizona-based Pegasus Group Holdings. They were granted access to Buckingham Palace in June 2019, while Queen Elizabeth II was present, intensifying scrutiny over the Prince’s actions. Bloom and Evers attended Andrew’s Pitch@Palace business event and later dined with Sarah Ferguson and their daughter, Princess Beatrice.

Pegasus Group Holdings had proposed a large-scale Bitcoin mining operation powered by solar energy in Arizona. However, the project quickly fell apart, resulting in significant financial losses for investors. Court documents revealed that the company purchased only a small fraction of the planned equipment, producing minimal Bitcoin.

Sarah Ferguson, who acted as a brand ambassador for Pegasus, reportedly received over £200,000. Her contract included promises of a £1.2 million bonus and shares, along with perks such as first-class travel and five-star accommodations. Notably, she was not responsible for any technical aspects of the project.

This incident has reignited concerns about the financial entanglements of Prince Andrew and Sarah Ferguson, and the intersection of their royal status with private business ventures. Buckingham Palace has confirmed that measures are being implemented to strip Andrew of his remaining titles and his residence at Windsor Castle.

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**UK Crypto ETN Market Experiences Fee War Following FCA’s Retail Access Reinstatement**

In related financial news, the UK crypto exchange-traded note (ETN) market is undergoing significant changes. The Financial Conduct Authority (FCA) recently lifted a four-year ban on retail participation, allowing everyday investors to buy Bitcoin and Ethereum-linked ETNs through tax-free accounts such as ISAs.

This regulatory shift, effective from October 8, has sparked a fierce price war among ETN issuers. Major players including Bitwise and 21Shares have reduced their fees, while Fidelity, Invesco, and BlackRock have introduced temporary discounts. CoinShares continues to lead the market by offering zero management fees, offsetting costs through staking rewards.

The London Stock Exchange has seen a notable surge in trading volumes, with daily Bitcoin ETN turnover increasing significantly amid the heightened retail investor interest.

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*Stay tuned for further updates on these evolving stories.*
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Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study

admin
2025 年 11 月 15 日
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Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online and push them into fake crypto investments. Related Reading: XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’ According to Chainalysis, crypto scams sent close to $10 billion on-chain in 2024, with pig-butchering revenue growing almost 40% year-over-year and the number of deposits into those scams rising more than 200% even as the average deposit size fell roughly 55%. These shifts point to a model that now relies on many more victims paying smaller amounts, making the operation both lucrative and hard to trace. Organized Networks Behind The Scams Investigators say these are not lone fraudsters. Reports have disclosed that scam networks operate like organized criminal enterprises, sometimes using trafficked workers in compounds to call, message and manage victims. Victim grooming can span weeks or months, turning emotional manipulation into a steady revenue stream for the gangs. Research and reporting have tied some of these operations to regions in Southeast Asia and to groups that move money through concentrated crypto wallets. AI And Marketplaces Help Scammers Scale Law enforcement and analysts warn that generative AI and service markets are making the pig butchering scams cheaper and faster to run. According to Chainalysis and multiple news outlets, AI tools are being used to create convincing chatbots, voice clones and fake profiles, while online marketplaces sell domain services and hosting that let scammers spin up lifelike investment sites. That combination has helped fraud operators widen their reach and target more people at once. Infrastructure And Sanctions Authorities have started to hit the infrastructure that supports the scams. The US Treasury’s OFAC sanctioned a Philippines-based firm, Funnull Technology Inc., and its alleged administrator for supplying internet infrastructure and tools used by fraud networks. Chainalysis and other researchers tied Funnull’s services to sites used in pig-butchering, and US losses linked to those operations were said to exceed $200 million in some investigations. Sanctions aim to cut off access to the web services scammers use to appear legitimate. Related Reading: Dogecoin Alert! Price Could Explode Over 2, 800%, Analyst Says Exchanges And Stablecoin Issuers Help Freeze Illicit Funds Private companies have been part of the response. In a coordinated effort with APAC law enforcement, Chainalysis, exchanges and stablecoin issuers helped trace and block nearly $47 million in USDT that had been consolidated by scammers into a few wallets. Earlier actions involving other cases led to much larger freezes. Those moves show how industry cooperation can stop some cash-outs before criminals convert crypto into fiat. Featured image from Unsplash, chart from TradingView.