AirBit Club execs plead guilty to fraud charges, face 20 years in prison
Victims saw the red flag in the operation of AirBit Club after all attempts to withdraw their funds failed, cementing their instinct that the firm was a Ponzi scheme.
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AirBit Club: US extradites one of block reward mining scam founders
Gutenberg Dos Santos will now stand trial in a New York court together with four others who were arrested in the United States.
US charges 5 with running AirBit Club block reward mining Ponzi scheme
The suspects reportedly operated AirBit Club, a scam that allegedly defrauded its investors of over $20 million.