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Three of Israel’s most famous initial coin offerings (ICOs) in 2017 and 2018 were scams. A report unveiled this news on May 31, citing a $16.1 million (£11.32 million) lawsuit filed on May 25 by Roee Broncial and Eran Okashi, who are employees of the Singulariteam venture capital fund. The defendants in the case are […]
An assistant to the Beitar Jerusalem owner sues his boss, claiming that Moshe Hogeg and his associates stole $250 million raised through Stox, Sirin Labs and Leadcoin ICOs
Israeli gaming company Moon Active Ltd., which develops one of the world's most popular mobile games, is acquiring gaming company Melsoft. Melsoft also develops mobile games, including the successful Family Island and My Cafe. Melosoft has 240 employees, most of whom are based out of Minsk, Belarus and Nicosia, Cyprus, and has revenue estimated at $160 million a year. The price of the acquisition was not announced, but it is believed to be over $100 million. Moon Active's income in 2019 surpassed $500 million, and it ended the year boasting significant profits. Moon Active currently has on...