BTCC
/
BTCC Square
/
CryptotimesIO
/
BREAKING: Feds Nab Duo in $650M Crypto Scam—Biggest Global Fraud Scheme Unraveled
BREAKING: Feds Nab Duo in $650M Crypto Scam—Biggest Global Fraud Scheme Unraveled
11
3
Two alleged masterminds just got handcuffed for orchestrating a crypto con that siphoned $650M from investors worldwide. The DOJ’s indictment reads like a blockchain thriller—minus the happy ending.
How They Pulled It Off
Prosecutors claim the duo ran a ‘sophisticated’ Ponzi wrapped in DeFi buzzwords. Fake yields, phantom audits, and the classic ‘exit scam’—because why innovate when old tricks still work?
Regulators Strike Back
The SEC’s cracking down hard, signaling no tolerance for crypto’s wild west era. ‘Play stupid games, win orange jumpsuits,’ quipped one investigator.
Silver Lining?
Every bust cleanses the ecosystem. This one just removed $650M worth of rot—and gave TradFi bankers new material for their ‘told-you-so’ dinner parties.
By:
Previous
Cardano’s Charles Hoskinson Endorses ’Reeve’ Project—Here’s Why It Matters in 2025
Next
BREAKING: Cboe Launches 3 Game-Changing Bitcoin ETFs—CBOY, CBXY, CBTY—from Calamos Investments
