NuGenesis is an innovative solution that has made a name for itself in the blockchain space. Recently, NuCoin, the company's cryptocurrency, was targeted by Alameda Research, a well-known player in the industry.
NuGenesis has proven the power of Artificial Intelligence by uncovering what is believed to be the greatest crypto scam in history. The company's unwavering focus on innovation and customer satisfaction has led to the development of AI tools that have been instrumental in exposing fraudulent activities committed by Alameda Research and FTX Japan. With the help of AI, NuGenesis was able to sift through massive amounts of data and detect patterns that would have been impossible to spot using traditional methods. This ground-breaking work has put NuGenesis at the forefront of AI-powered blockchain solutions, and the potential impact of their work cannot be overstated. The use of AI has demonstrated that technology has the power to revolutionize the industry and pave the way for a more transparent and accountable future.
Nugenesis’ case against Alameda falls into three main categories: breach of fiduciary duty, conflict of interest, negligence, and fraudulent misrepresentation in the purported 'market making' position; market manipulation and fraud regarding the 'dumping' of NuCoin; and counterfeit coin creation by centralized exchanges with more than 192 million counterfeit NuCoin created by FTX Japan and Alameda Research. The company is now in discussions with several legal firms to commence full litigation against Alameda Research and FTX Japan.
The scandal has resulted in significant losses for many investors, but NuGenesis has remained resilient and is preparing to launch NuCoin version 2, which could potentially transform the blockchain industry. Despite the challenges faced by NuGenesis, the company has continued to innovate and make incredible progress in the field of AI, Meta processing, and asset chains. Further, the team took the bold step of taking its primary servers offline while relaunching NuCoin version 2. NuCoin version 2 will feature a proof of authority decentralized node network, which could offer faster, more efficient and more secure transactions, while still maintaining the benefits of proof of authority.
According to sources familiar with the matter, Nugenesis has been in discussion with several litigation funders and firms about the case. The company's legal team is confident that this will be the best case to demonstrate the fraud committed by Alameda Research and how they undertook that fraud.
Nugenesis CEO, Hussein Faraj, recently spoke about his company's challenges with FTX and Alameda Research. In his statement, he discussed how the company was investigating the deliberate sabotage of NuCoin and uncovered a potential $55 billion fraud. He noted that they needed help and joined forces with BitBoy to articulate the strategy that would ensure the crimes committed by SBF and Alameda Research were shared with the world.
The collaboration with BitBoy has been particularly significant. In an exclusive interview with Ben Armstrong, also known as BitBoy, CEO Hussein Faraj discussed the critical pre-work done by BitBoy and the Nugenesis team. Without their tireless efforts and strategic planning, the crimes committed by Alameda Research and FTX could have been misconstrued as a mere bank run. But with their help, the fraudulent activities that had taken place were exposed, and justice was served.
CEO Hussein Faraj:
"We cannot overstate the importance of the critical pre-work done by BitBoy and our team at Nugenesis. Without their tireless efforts and strategic planning, the crimes committed by Alameda Research and FTX could have been misconstrued as a mere bank run. But with the two parties working together, we were able to bring attention to the fraudulent activities that had taken place and ensure that all will be done so that justice will be served. We are grateful for their support and proud to have worked alongside them in this fight for transparency and accountability in the cryptocurrency industry."
As a matter of fact, viewers can watch an exclusive interview with Ben Armstrong, also known as BitBoy, at the following link:
As NuGenesis c ontinues to Recover, it faces challenges in gaining the trust and confidence of users. However, with its unwavering focus on innovation and customer satisfaction, NuGenesis is a company to watch in the coming months and years.
NuGenesis is confident that its NuCoin version 2 will offer a unique solution that can revolutionize the industry. The company believes that the proof of authority decentralized node network, combines with Artificial intelligence, can deliver faster and more efficient transactions without sacrificing security. This innovation could be a game-changer for blockchain technology and could pave the way for mass adoption.
The remarkable progress and innovation that the Nugenesis Network has achieved so far has demonstrated that it is the network to watch in the blockchain industry. We cannot wait to see what the future holds for this dynamic and forward-thinking company.