California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.
Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme.
Hong Kong authorities have dismantled a HK$360 million ($46.3 million) cryptocurrency-based romance fraud scheme in a significant crackdown on fraud operations. This scheme, which targeted individuals over a year, reportedly lured victims into investing in cryptocurrencies under the guise of online romantic relationships. Related Reading: Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction […]
United States authorities have charged two foreign nationals for laundering $73 million in cryptocurrency investment scams, commonly known as “pig butchering.” This development was announced by the US Department of Justice (DOJ) on Friday, with an indictment unsealed in the Central District of California against the two suspects. Related Reading: Investor Falls Victim To $71 […]