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Coinnounce

2021-02-05 11:38:59

Founder of two multi-million crypto funds pleads guilty for running a $90 million scam.

Founder of two multi-million crypto funds pleads guilty for running a $90 million scam.

An Australian man, founder of two multi-million crypto funds in New York, pleaded guilty on a crypto scam charge. The Ponzi scheme used a trading algorithm, taking advantage of price differences for Bitcoin and other cryptocurrencies. The 24-year-old man defrauded clients of their cryptocurrency-oriented hedge funds, squeezing $90M worth of various cryptocurrencies. According to a […]

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