May 19, 2024 at 06:30AM Two Chinese nationals, Daren Li and Yicheng Zhang, have been charged by the U.S. Department of Justice for allegedly orchestrating a $73 million pig butchering scam involving cryptocurrency investment fraud. They face charges of money laundering and could be sentenced to 20 years in prison for each count if convicted. … Read more
May 15, 2024 at 02:37PM Two brothers, Anton Peraire-Bueno and James Pepaire-Bueno, were indicted by the U.S. Department of Justice for allegedly manipulating the Ethereum blockchain to steal $25 million worth of cryptocurrency in a scheme that took just 12 seconds to execute. If convicted, they face a maximum penalty of 20 years in prison … Read more
December 14, 2023 at 02:54PM Four suspects, including residents of California and Illinois, have been charged by the U.S. Department of Justice in a pig butchering fraud scheme, leading to over $80 million in losses for victims. They are accused of money laundering and operating shell companies to launder profits from cryptocurrency scams, ultimately siphoning … Read more