Crypto scam articles
-
In a startling development in Hong Kong's crypto sector, a scam involving "hell banknotes" has led to the arrest of three employees from a crypto exchange shop located in Tsim Sha Tsui.
In a startling development in Hong Kong’s crypto sector, a scam involving “hell banknotes” has led to the arrest of three employees from a crypto exchange shop in Tsim Sha Tsui. The suspects allegedly deceived a customer into transferring HK$1 million (approximately $127,500) worth of Tether (USDT) in exchange for counterfeit currency traditionally used in […]
-
US arrests two Chinese nationals in $73 million crypto scam
US authorities arrested Daren Li and Yicheng Zhang in connection with a $73 million money laundering scheme. The defendants laundered the money via US and international bank accounts. Proceeds of the investment scam were converted to the USDT stablecoin. The US Department of Justice has charged two Chinese nationals alleged to have played a prominent […]
-
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network – News Bytes Bitcoin News
An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as “pig butchering.” Li and Zhang allegedly managed a global network that laundered proceeds from fraudulent crypto investments, […]