Federal Authorities Demand BlockFi to Transfer Funds Used in $575M Scam

Federal Authorities Demand BlockFi to Transfer Funds Used in $575M Scam

BlockFi, a platform that lends cryptocurrency, has been directed by the court to transfer funds related to a $575 million fraud. The court-appointed prosecutor, who filed a complaint against BlockFi in March, issued the order. The prosecutor alleged that BlockFi’s platform was used to transfer and hide funds in the fraudulent scheme. About the Accusations  According to the accusation, individuals …

Continue Reading
Two Citizens in India Lose 19 Lakhs to Cryptocurrency Fraud

Two Citizens in India Lose 19 Lakhs to Cryptocurrency Fraud

Two citizens of Mumbai, India, fell victim to cryptocurrency fraud, losing a total of 19 lakhs to cyber fraudsters. The victims, a doctor and a homemaker were approached by the accused, who convinced them to invest in cryptocurrency. The doctor was defrauded of Rs 6.23 lakh, while the homemaker lost Rs 13.10 lakh. Homemaker Duped via WhatsApp Group  According to …

Continue Reading