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Three individuals have been arrested for defrauding New York-area banks of over $10 million by exploiting security vulnerabilities and converting the stolen funds into crypto. In a major fraud case, Zhong Shi Gao, Naifeng Xu and Fei Jiang are charged with tricking New York City-based banks into giving them more than
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The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX. Original Source
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The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit Club’s Operators and Promoters Plead Guilty The U.S. Department of Justice (DOJ) announced Wednesday
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Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center.In a Monday tweet, Crypto.com released an artist’s rendering of some
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