Cryptocurrency has increased in popularity, which has led to more frequent and sophisticated schemes in recent years as scammers look to take advantage of investors.
Recent research by Comparitech suggests $25 trillion has been lost to cryptocurrency and NFT rug pulls, which also includes Ponzi schemes and other scams.
A Nevada man today admitted his role in laundering funds solicited for BitClub Network, a $722 million fraudulent cryptocurrency scheme, U.S. Attorney Philip R. Sellinger announced.
Conspirators Charged in $722m Crypto Ponzi Scheme - lawstreetmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawstreetmedia.com Daily Mail and Mail on Sunday newspapers.