SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
The US Securities and Exchange Commission (SEC) has sued crypto mining investment business Mining Automatic and its founder, Zan Shaikh, alleging they raised $22 million...
Tag : Scheme
UK sentences 2 hackers tied to $115M crypto ransom scheme
The United Kingdom National Crime Agency (NCA) and City of London Police said two men associated with the “Scattered Spider” hacking group were sentenced to...
Goliath Ventures CEO Pleads Guilty to $250M Crypto Ponzi Scheme
In brief Goliath Ventures CEO Christopher Delgado pleaded guilty to wire fraud, conspiracy, and money laundering over a crypto Ponzi scheme. Prosecutors say investors poured...
Tennessee man faces federal charges over alleged $1.9M crypto Ponzi scheme
Federal prosecutors have charged a Tennessee resident over an alleged cryptocurrency investment operation that authorities say misused investor funds. Summary Federal prosecutors charged Misam Abidi...
Tennessee Man Indicted for Alleged Crypto Ponzi Scheme That Stole Millions From Investors
In brief A Tennessee man was indicted on 11 federal counts for running an alleged crypto Ponzi scheme through his firm Star Credit Holdings from...
Crypto News, June 8: BTC USD Bouncing, Strategy Buys More Bitcoin, Hayes Denies LookOnChain Claims as ZachXBT Calls his Pn’D Scheme
BTC USD saw sharp volatility as it dipped below $63K, rebounded to $63.7K, then dumped again after fresh Iran-Israel strikes. Not helping the case, an...
Ohio Man Gets 9 Years for $10M Bitcoin Trading Ponzi Scheme
In brief Investment manager Rathnakishore Giri, 31, of Ohio, has been sentenced to nine years in federal prison for operating a $10 million cryptocurrency Ponzi...
Reports suggest Iran is mulling Hormuz ‘insurance’ scheme, paid in Bitcoin
Iran is reportedly considering a plan to exercise control over the Strait of Hormuz through an “insurance-based model,” with some speculating, based on an unverified...
AI Models Scheme, Betray and Vote Each Other Out in Survivor-Style Game
In brief A Stanford researcher built a Survivor-style game where AI models form alliances and vote rivals out. The benchmark aims to address growing problems...
US sentences ‘laptop farmers’ tied to North Korean IT worker scheme
US prosecutors said they have secured eight sentences in the last five months against people acting as US-based proxies for North Korea-based IT workers, shedding...