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Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges

Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown.

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The Largest Crypto Seizure in Brazil: Nearly $29M Worth of Digital Assets Seized

The Brazilian Federal police exposed a local financial pyramid scheme and confiscated nearly $30 million in cryptocurrencies. The operation marked the largest seizure of digital assets in the history of…

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Australians Reported Loses of $25M from Crypto Scams in the First Half of 2021

Cryptocurrency scams were reportedly the most common type of fraud in Australia during the first six months of the year. Locals parted with roughly $25 million after becoming victims of…

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AriseCoin’s Inventor Embezzled More Than $4 Million in a Crypto Scam, Goes to Prison for Five Years

The authorities in Texas sentenced the CEO of AriseBank – Jared Rice, Sr. – to spend the next five years in federal prison. Apart from the jail time, the criminal…

Continue ReadingAriseCoin’s Inventor Embezzled More Than $4 Million in a Crypto Scam, Goes to Prison for Five Years