SEC Charged Two Brothers for $60 Million Crypto Ponzi Scheme: Here’s The Report

Quick Summary:

Crypto users who are either new to the industry or who are hunting for shortcuts have become the victims of frauds like crypto Ponzi schemes, pig butchering, and many others.

With the increasing popularity of cryptocurrency trading, the number of crypto scams is also rising.

However, the complaint alleges the building of a $30 Million Condominium in Miami, another $1.8 Million for building a house in Texas, and $480,000 to buy cars, trucks, and other recreational vehicles.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: IndiaGeorgia

Topics: 24/7 Cryptocurrency News Ponzi scam SEC Crypto Ponzi Scheme

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 08:27:57 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22277552

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 6 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #59

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