Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to hire a private investigator in Cape Town to track down De Waal. De Waal reportedly recruited a new GS Partners investor in May 2023. The exact timeline is murky, but De Waal’s arrest warrant was issued in December. He was arrested after disembarking from a flight in South Africa. His legal team claims he will prove his innocence.
TradFi to ramp up Bitcoin allocations by year-end, Wall Street veteran tips
Wall Street veteran and macro analyst Jordi Visser is forecasting that US financial institutions are set to ramp up their Bitcoin allocations before the year is out. “Between now and the end of the year, the allocations for Bitcoin for the next year from the traditional finance world are going...
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