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Kraken’s Etana fraud suit targets CEO Russell
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Peter Schiff called Strategy’s Bitcoin model a “mid-cycle Ponzi” after the firm sold 3,588 BTC to fund Digital Credit dividends.
BTC
Bitcoin
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A Florida man has pleaded guilty in a crypto-linked fraud case in which prosecutors said investors sent at least $400 million to Goliath Ventures before millions were spent on luxury homes, cars, watches, and jewelry. The U.S. Attorney’s Office for…
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Ohio Bitcoin Ponzi operator Rathnakishore Giri gets 9 years for $10M fraud after promising risk-free returns and seeking new crypto victims.
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A co-founder of the Forsage crypto investment platform has pleaded not guilty in a U.S. federal court after being extradited from Thailand in a case tied to an alleged $340 million Ponzi scheme. According to a notice released by the…
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Former Goliath Ventures CEO Christopher Delgado has publicly apologized to investors while facing federal accusations that he operated a $328 million crypto Ponzi scheme tied to false investment promises and misuse of client funds. According to an interview aired Monday…
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Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…
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A class action lawsuit has accused Believe founder Ben Pasternak of extracting $54 million in fees through token migrations tied to Launchcoin while leaving investors with losses. According to a complaint filed in the U.S. District Court for the Southern…
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Michael Saylor has responded sharply after former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) and suggested that it resembles a Ponzi scheme. Former UK Prime Minister Boris Johnson criticizes Bitcoin Johnson described a conversation with a church acquaintance who…
BTC
Bitcoin
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Prince Group founder Chen Zhi, along with two associates, was reportedly arrested on January 6 and a deportation was conducted.
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A resident of Mexico who served as a senior promoter in the IcomTech crypto Ponzi has been sentenced to 71 months in federal prison. According to a statement from the U.S. Attorney’s Office for the Southern District of New York,…
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Irina Volk, spokesperson for Russia’s MVD, announced that a person accused of leading Finiko and committing large-scale fraud has been transferred to Russian custody at Dubai Airport.
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Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.
BTC
Bitcoin
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Chinese scammer Zhimin Qian, who defrauded over 128,000 victims and stashed billions in Bitcoin, is expected to face more than a decade in prison. Qian, along with her accomplices, ran a sprawling Ponzi scheme that promised sky-high returns to unsuspecting…
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Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne…
Follow-up
On June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to get a 10% yield from Bitcoin without buying it directly, while Strategy will get cash to buy more…
BTC
Bitcoin
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Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds…
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Feature
