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US Seizes $24m in Crypto-Fraud Crackdown
Friday, November 6, 2020
In that same month, the SEC charged a US entrepreneur with defrauding investors, after alleging pocketing some of their payments which should have gone into a $42m cryptocurrency Initial Coin Offering (ICO).
The $24m recently seized by the DoJ is a “drop in the ocean” given the scale of cryptocurrency scams today, argued ImmuniWeb founder, Ilia Kolochenko.
“Nonetheless, the operation is a laudable success and convincingly demonstrates that cooperation between international law enforcement agencies and joint task forces brings notable results,” he added. Read Full Article
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