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Ex-Bitmain Chip Designer Reportedly Arrested for Alleged Embezzlement

Yang Zuoxing, formerly a top chip designer for mining hardware giant Bitmain, has allegedly been arrested on suspicion of embezzlement. A Dec. 16 Bloomberg report cites three unnamed sources and a police statement released by prosecutors in Beijing’s Nanshan district on Dec. 12, as evidence for the claim. The authorities’ statement

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$722M Crypto Mining Scam ‘the BitClub Network’ Busted; 4 Men Arrested

U.S. Attorney Craig Carpenito announced the arrests of four men who were accused of defrauding investors during an investigation of a crypto Ponzi scheme called the BitClub Network. The fraudulent scheme was based on a whopping $722 million cryptocurrency mining scam.Yes, you’ve been reading it right, seven hundred and twenty

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Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme

United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice.The accusations against BitClub NetworkAccording to the press

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Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

According to local news outlets in Thailand, 24 Chinese have been arrested in the country under the accusation of running a crypto investment scam. The authorities conducted the raid in a call center where the Chinese nationals were allegedly conducting a Bitcoin(BTC)trade con scheme.One of the news outlets who reported

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Ethereum Dev Arrested After Speaking at North Korea Crypto Conference

Virgil Griffith, a developer who currently works with the Ethereum Foundation, has been arrested upon arrival in the US after speaking at the Pyongyang Blockchain and Cryptocurrency Conference in North Korea in April. The United States Attorney’s Office for the Southern District of New York announced on Friday that Griffith had been

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