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The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
The bank's former CEO allegedly embezzled over $47 million to invest in a cryptocurrency scam. The U.S. attorney in Kansas says Shan Hanes, the bank’s CEO at the time, transferred approximately ...
In the first half of 2024, Canadian investment scams defrauded individuals of nearly $204 million, with about half of that from cryptocurrency scams, according to the Canadian Anti-Fraud Centre ...
By owning millions of dollars of cryptocurrency and continuing to receive royalties on NFT projects and memecoins, Trump is certainly incentivized to shed a positive light on crypto, as this could ...
The federal government received over 70,000 complaints of cryptocurrency scams in 2023. ... By far the most common cryptocurrency scam was investment fraud, which happens when bad actors persuade ...
Cryptocurrency is just one application of the blockchain, a series of technologies that form a more secure internet as an autonomous platform layer for applications, products, and services.
Brian Morgenstern, the head of public policy at Riot Platforms, a bitcoin mining company with a $3 billion market cap, published an op-ed in Bitcoin Magazine after meeting with Trump this week ...