FBI Creates ‘NexFundAI’ to Trap Crypto Scammers
The FBI created its cryptocurrency, “NexFundAI,” as part of an undercover operation to catch crypto market manipulators. An unsealed indictment charged 18 individuals and several firms with artificially inflating token prices through sham trades. An covert operation is common for the U.S. Federal Bureau of Investigation (FBI). Nevertheless, this would be the bureau’s inaugural attempt […]
FBI Recovers $6M from Crypto Scammers Targeting US Citizens
Authorities have confiscated over $6 million in crypto from wallets associated with Southeast Asia-based Crypto scammers. The US Attorney’s Office for the District of Columbia reported on Sept. 26 that the deception resulted in “one or more individuals” losing millions of dollars after believing they were investing in legitimate crypto enterprises. The FBI traced the […]
Crypto Founder Allegedly Paid LA Cops to Extort Victim for Crypto, Says FBI
Crypto founder Adam Iza, owner of Zort, allegedly paid Los Angeles deputies $280,000 monthly for access to police data to extort a victim for crypto, according to an FBI affidavit. Federal prosecutors have claimed that the proprietor of a cryptocurrency company was compensating law enforcement officers to gain access to sensitive information and individuals’ whereabouts […]
NYC Mayor Eric Adams Is Arrested on Corruption Charges
Following an investigation, Eric Adams, the mayor of New York City, was indicted, marking the first time an incumbent mayor had been charged while in office. After being indicted on federal criminal charges, Eric Adams has defended his innocence, asserting that he will combat the charges with “every ounce of his spirit.” According to a […]
US Judge Fines Man $36M for 5 Year Crypto Fraud
A US Judge has fined William Koo Ichioka $36 million for defrauding cryptocurrency investors by falsely promising high returns. A federal court judge fined a New York resident $36 million for allegedly defrauding cryptocurrency investors by falsely promising high returns and then using the money to support his lavish lifestyle. US Judge Fines William Ichioka […]