45-year-old Mr. Hsu led a fraudulent pyramid scheme exploiting the elderly, establishing a fake investment platform and app named "DuoDuo Blind Boxes." They conducted investment seminars across Taiwan, enticing people to join by promising a 3% profit on reselling these blind boxes, pressuring them to become members and purchase USDT for deposit.
JoyA case involving digital collectibles surfaced, shedding light on a deceptive fundraising scheme. Unaware bidders, lured into impulsive investments, found themselves unwitting participants in a pyramid scheme. Investigations revealed that the platform in question absorbed over 1.34 million yuan from thousands of users, resulting in a total loss of more than 410,000 yuan for the victims.
JoyCrypto tax fraud, a shadowy threat, demands investor vigilance. Navigating legal complexities is crucial to safeguard against severe consequences and ensure a compliant, ethical crypto investment landscape.
SanyaBitwise Co-Founders Charged by US Attorney and SEC for Alleged $100M Investor Fraud, Accused of Fabricating Financial Information to Secure Funding.
JixuThis, among other charges, could mean that he faces a jail term of 30 years.
AlexThey promised a fixed daily return of 0.5%, and induced investments from 12 people.
ClementMany reactions have emerged in the crypto space due to the FTX fiasco, the latest one is from the Ripple CTO, David Schwartz.
Bitcoinist
Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase ...
Bitcoinist“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated.
Cointelegraph