The creator of a mobile gaming app that was later deemed to be a Ponzi scheme has been sentenced to many lifetimes in prison. An Istanbul court has sentenced Mehmet Aydin, the creator of Çiftlik Bank (“Farm Bank”), to 45,376 years in prison for embezzling large sums of money from hundreds of thousands of people. […]
The post Ponzi Scheme Mastermind Sentenced To 45,376 Years in Prison Over $131,000,000 ‘Farm Bank’ Scam appeared first on The Daily Hodl.
Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.5 years behind bars, […]
The post Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year appeared first on The Daily Hodl.
Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court. According to a new report by France 24, Kwon – the person suspected of being behind the multibillion-dollar downfall of the Terra ecosystem in 2022 – had his appeal thrown out […]
The post Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam. In a new press release, the DOJ says it’s charging 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks with conspiracy and wire fraud charges after they were accused of pulling […]
The post Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme appeared first on The Daily Hodl.
A 22-year-old social media influencer accused of pulling a crypto rug pull scam says she’s ready to cooperate and uncover the truth after a class action lawsuit was filed against her. In a new thread on the social media platform X, Haliey Welch – known as the “Hawk Tuah” girl after a clip of her […]
The post Haliey Welch Says She’s Ready To Cooperate and Uncover Truth After HAWK Investors File Lawsuit Against Project appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is charging the founder and CEO of crypto firm Gotbit with wire fraud and conspiracy to commit market manipulation and wire fraud. In a new press release, the U.S. Attorney’s Office of the District of Massachusetts is alleging that 26-year-old Russian national Aleksei Andriunin and two Gotbit directors offered […]
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A fake crypto wallet application on the Google Play Store has reportedly stolen tens of thousands of dollars worth of crypto assets from unsuspecting customers after seeing 10,000 downloads. According to a new report from cybersecurity firm Checkpoint Research (CPR), a malicious wallet drainer on Google Play stole $70,000 worth of digital assets from users […]
The post Fake Crypto Wallet on Google Play Steals $70,000 in Digital Assets After Being Downloaded 10,000 Times: Report appeared first on The Daily Hodl.
U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) recovered the funds using blockchain tracing. DOJ Seizes $6 Million in […]
New data from market analytics platform Chainalysis reveals that “pig butchering” schemes are the most lucrative type of crypto scam in 2024. In its 2024 crypto crime mid-year report, Chainalays reveals that pig butchering – or a scheme where bad actors use online personas to slowly gain the trust of their victims to encourage them […]
The post ‘Pig Butchering’ Is the Most Lucrative Crypto Scam in 2024: Chainalysis appeared first on The Daily Hodl.
The former CEO of a failed bank in Elkhart, Kansas will spend 24 years behind bars after funneling millions of depositors’ money into a cryptocurrency scheme. The Justice Department says that between May and July last year, Shan Hanes, who was then serving as CEO of Heartland Tri-State Bank (HTSB), sent a total of $47.1 […]
The post Ex-CEO of Collapsed Bank Sentenced to Over 24 Years in Prison for Embezzling $47,100,000 in Crypto Scheme: DOJ appeared first on The Daily Hodl.
