According to Huoxun Finance, crypto company Goliath Ventures has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Florida. This procedure allows companies to reorganize under court supervision, suspend customer withdrawals, and repay creditors, rather than undergoing direct liquidation. This bankruptcy filing is closely related to the arrest of the company's founder and CEO, Christopher Delgado, who was indicted on February 24 on charges of wire fraud and money laundering. If convicted, he could face up to 30 years in federal prison. Law enforcement agencies allege that Delgado operated the company as a Ponzi scheme between January 2023 and January 2026, attracting investors with promises of "high monthly returns on crypto liquidity pools." The funds were then used to pay returns and principal to early investors and to support lavish company events and high-end travel expenses. The investigation also revealed that he personally purchased four residences with the funds, valued between approximately $1.15 million and $8.5 million. The scam affected more than 2,000 investors, with some victims losing millions of dollars. Earlier reports indicated that JPMorgan Chase was facing a class-action lawsuit, accused of aiding and abetting Goliath Ventures' cryptocurrency Ponzi scheme.

According to Huoxun Finance, Goliath Ventures, a Florida-based cryptocurrency company, has filed for Chapter 11 bankruptcy reorganization in the Southern District of Florida. The company is suspected of involvement in a $328 million Ponzi scheme, defrauding over 2,000 investors. Gregory Wilson reportedly lost approximately $8.74 million, and John Euliano lost approximately $1.28 million. Furthermore, earlier this month, a class-action lawsuit was filed against JPMorgan Chase, accusing it of ignoring suspicious transactions by Goliath Ventures. Previously, former Goliath Ventures CEO Christopher Alexander Delgado was arrested in connection with the $328 million Ponzi scheme, facing charges of wire fraud and money laundering. Delgado allegedly lured victims with promises of monthly returns on investments in cryptocurrency liquidity pools, but the funds were actually used to pay returns to early investors, purchase luxury homes, and fund extravagant lifestyles.

According to Huoxun Finance, on March 28, a wallet named "0xD4d8" transferred 80.293 million PTB tokens to another wallet named "0xF4bFB" 20 minutes ago, worth approximately $219,000. Subsequently, wallet "0xF4bFB" transferred 74.819 million PTB to a CEX, seemingly preparing to sell at a high point.

According to Huoxun Finance, a wallet address "0xD4d8" transferred 80.293 million PTB tokens to another wallet address "0xF4bFB," worth approximately $219,000. Subsequently, the receiving wallet "0xF4bFB" transferred 74.819 million PTB tokens to a centralized exchange (CEX), seemingly preparing to sell at a high point. The spot and futures prices of PTB tokens had previously shown unusual fluctuations. Market data shows that its current spot price is $0.0028333, a 24-hour increase of 78.6%.

According to Huoxun Finance, a wallet address "0xD4d8" transferred 80.293 million PTB tokens to another wallet "0xF4bFB," worth approximately $219,000 at the current price. Subsequently, the receiving wallet "0xF4bFB" transferred 74.819 million PTB tokens to a centralized exchange (CEX), seemingly preparing to sell at a high price. The spot and futures prices of PTB tokens had previously shown unusual fluctuations. Market data shows that its current spot price is $0.0028333, a 24-hour increase of 78.6%.