A recent revelation by a crypto researcher has sent shockwaves through the cryptocurrency market, as it was reported that the Chinese government has transferred 15,700 ETH associated with the infamous PlusToken Ponzi scheme from its wallets.
Read MoreDavid Carmona, the founder of IcomTech, has been sentenced to 121 months in prison for his role in a significant cryptocurrency fraud scheme that defrauded investors of $8.4 million. Alongside his prison term, he will also face three years of supervised release. Damian
Read MoreSouth Korean authorities have made significant strides in tackling a major cryptocurrency Ponzi scheme, resulting in the arrest and indictment of Byun Young-oh, CEO of tech firm Wacon, and his accomplice, Vice Chairman Yim Mo-Soo.
Read MoreAn Australian man has admitted to participating in promoting cryptocurrency lending services for the now-defunct crypto exchange BitConnect, which gained notoriety as an alleged Ponzi scheme and ceased operations in 2018 amid accusations of defrauding victims of over $2.4 billion.
Read MoreA local resident was detained by the Federal Bureau of Investigation (FBI) and a New York court on suspicion of masterminding an intricate Ponzi scheme that scammed investors out of $43 million.
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