CRYPTO-CRIMINALS EXPLOIT OLD SCAMS, BUT ALSO DESIGN NEW VIRTUAL ASSET-BASED THEFTS
March 18th, 2024
“Old wine in new bottles”, is how Canada-based Yong Li, advisor, for Canada-based financial crime consultancy The AMLShop, described many recent crypto-frauds.
Sam Bankman-Fried scheduled for sentencing on March 28 (2024) over crimes committed when running cryptocurrency exchange and crypto hedge fund FTX Trading Ltd, was in November (2023) convicted over two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering (1). Despite the technical complexity of crypto and blockchains, a jury took just three ...
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