Founder Behind Alleged $2.3 Billion Bitcoin Scam Pushes Against Victims’ Claims
The founder of an investment platform accused of stealing $2.3 billion in bitcoin has resurfaced to push back on those claims.Following what victims allege to be one of the largest bitcoin scams of all time, with claims that more than $2.3 billion in bitcoin was stolen, one of the accused has resurfaced to profess innocence.Last week, news reports indicated that the founders of South African cryptocurrency investment platform Africrypt had absconded with 69,000 BTC belonging to clients, leveraging mixing services to obscure the crime and going into hiding. Now, one of the founders has....
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A federal grand jury in San Diego charged the founder of a cryptocurrency startup Friday in a broad indictment that claims he cheated investors of more than $2.4 billion in a Ponzi scam. Prosecutors say the fraud is the largest of its sort ever prosecuted criminally. Satish Kumbhani, 36, of Hemal in Gujarat, India, swindled […]
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged mastermind of a cryptocurrency scam, Umesh Verma, was arrested at the Indira Gandhi International Airport on Thursday as he arrived from Dubai. Local media reported that he was arrested “on charges of duping at least 45 people to the tune of Rs 2.5....
In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion. Platform Claims to Invest Customer’s Funds in Placing Soccer Bets According to Clarin, Javier Giaroli, the prosecutor from the Public Ministry of San Rafael, leads the inquiries against Ganancias Deportivas. Local authorities have been interviewing several alleged victims to determine whether it’s a Ponzi scam or not. Per the....
Interpol has managed to apprehend Leonardo Cositorto, the former CEO of Generation Zoe, one of the biggest alleged financial and crypto scam platforms in Argentina. Cositorto was reportedly arrested this week in the Dominican Republic, where he was in charge of a similar platform called Sunrise Coach. He will now be extradited to Argentina.
Leonardo Cositorto Arrested in the Dominican Republic
One of the most wanted men linked to the operation of Generation Zoe, one of the largest alleged pyramid schemes in Argentina, has at last been located. Interpol arrested Leonardo....
Thanks to vigilant crypto enthusiasts, the alleged scammers were stopped dead in their tracks. Late Wednesday, internet detective and Youtuber Coffeezilla published a new video documenting how he, along with members of the blockchain community, took down an alleged $20 million nonfungible tokens, or NFT, scam before it could come to fruition. As told by Coffeezilla, a lot of user hype previously existed for a novel crypto project called "Squiggles," which had an NFT drop scheduled for Feb. 10. At the time, Squiggles had amassed over 230,000 followers on Twitter.Hours before the anticipated....