U.S. Authorities Expose $650M Crypto Scam: Founders Charged in Blockbuster Fraud Case

Crypto's dark underbelly strikes again—this time with a $650 million price tag.

Two founders face the music as U.S. regulators crack down on what appears to be one of 2025's most brazen digital asset schemes. The DOJ isn't playing nice with bad actors anymore.

How they pulled it off

While details remain scarce, the scale suggests either world-class deception or shockingly gullible investors—or perhaps both. Classic Web3 theater.

Why this matters

Another week, another nine-figure crypto scandal. But with institutional money flooding the space, regulators are finally bringing out the big guns. Expect more handcuffs and perp walks as the bull market heats up.

Silver lining? Every high-profile bust makes the remaining projects look slightly more legitimate. The industry's growing up—whether it wants to or not.