Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by promising high returns from cryptocurrency investments, only to misappropriate their funds for personal use, gambling, and repaying […] Powered by...
Donald Trump’s Crypto Portfolio Tops $14M Post-Conviction — Meme Coin Holdings Soar, Says Arkham
Former U.S. President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million, according to Arkham Intelligence’s onchain tracking tool. His crypto holdings include a significant amount of meme coins, which were airdropped to him by various developers. Trump has been convicted of 34 felony counts related to falsifying business records, marking the first […] Powered by...
Napster Sparked a File-Sharing Revolution 25 Years Ago
The invention of the MP3 format in 1993 didn’t make any mainstream news headlines. In hindsight, however, it was a pivotal moment that would revolutionize music consumption, and more. Invented by the German engineer Karlheinz Brandenburg and colleagues at the Fraunhofer Society, the coding format made it possible to reduce the size of music files without any significant loss of audible sound quality. Due to the size reductions, these...
Turkey Detains 127 Crypto Ponzi Scheme Co-Conspirators, Seizes Assets Worth Over $31 Million
According to Turkish authorities, the country’s law enforcement agencies have disrupted a criminal syndicate that lured unsuspecting residents into investing in a Ponzi scheme disguised as a cryptocurrency investment. The syndicate is reported to have swindled $1 billion from investors who were deceived by the scammers’ promise of high profits and zero risks. During the […] Powered by...
SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated techniques, making fund recovery difficult. For example, “Fraudsters may conduct pump-and-dump schemes with crypto assets, including so-called ‘memecoins’ that […] Powered by...
