A Crypto Ponzi scheme has led to the arrest and eight-year prison sentence for the mastermind behind the fraud. The scheme promised investors high returns from trading cryptocurrency but instead operated in a ‘circle’ formation, taking New deposits from old investors to pay earlier investors, keeping the operation running on false hope. As the scam unraveled, […]
DOJ crypto scam 2025
DOJ Targets $225M in Crypto Tied to Fraud and Money Laundering
DOJ (the United States Department of Justice) has launched a major blockchain-related move to help curb crypto-related crimes. This major step by the DOJ just shows the government’s ongoing efforts to crack down on financial misconduct, especially in the crypto space. On Wednesday, the 18th of June, the DOJ reported complaints about a particular wallet […]