From soap actors to former lawmakers, Cointelegraph takes stock of some of the most illustrious arrests of the figures behind crypto’s high crimes and misdemeanours this year. Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement. Illicit crypto proceeds can be shuttled between wallet addresses… Continue reading Crypto Behind Bars: Arrests Making Headlines Across the Globe
Category: Scams
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Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat
Cointelegraph investigates the murky web of incidents connected with the Bitconnect heist, from Texas to Gujarat. An American musical prelude Bitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to the fleeting 2011 Broadway musical “Wonderland,” based… Continue reading Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat
Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related… Continue reading Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million