Top 20 Biggest Crypto Lawsuits Globally
Crypto has been the wild west of the financial world, a new frontier yet to be conquered with little to no law and order. Not long ago, people in the community used to say that if you lost Bitcoin, it’s like taking a bar of gold and shooting it into space, there is no way to retrieve it.
The US arrests alleged leader of $3.7 billion cryptocurrency pyramid scheme
Authorities have arrested one leader on Wednesday of a cryptocurrency project called OneCoin, which prosecutors allege was in fact a pyramid scheme rather than a functional currency. Konstantin Ignatov was arrested on a wire fraud conspiracy charge, while his older sister, Ruja Ignatova, has been indicted for money laundering, and wire and securities fraud, in a document unsealed yesterday. Ignatova is currently at large.
Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Scheme in Japan
Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that collected 7.8 billion yen (almost $69 million) from thousands of victims across the country.
Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Million In South Korea
Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle some 20 billion Korean won, or $20 million from investors in the country.