A 27-year-old investment manager from Ohio was arrested on 18 November for allegedly running a crypto Ponzi scheme. This fraudulent cryptocurrency investment scam raised at least $10 million from investors, according to aThe accused allegedly misled investors by promoting himself as an expert cryptocurrency trader who specialized inderivatives. According to the indictment, the individual falsely promised investors lucrative returns on their money, with no risk to the principle.
The accused has been charged with five counts of wire fraud and can be sentenced to a maximum penalty of 20 years for each count.a cease-and-desist order against the accused and his two companies in August 2022. This order was filed on the allegations that he cheated investors out of more than $12 million.On 13 October 2022, blockchain analytics firm Chainalysis predicted that 2022 will almost certainly surpass 2021 as the most significant year for hacking.
1/ After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go. So far this month, $718 million has been stolen from