According to the three U.S. departments, the North Koreans allegedly use false identities and VPNs to conceal their identities and usually ask for payments in digital assets.
The Justice department’s complaint involves a U.S. citizen accused of transmitting more than $10 million worth of BTC to a digital currency exchange in a country under sanctions from the United States.
Eddy Alexandre allegedly told his investors he had a high-secret trading technology that allowed him to generate 5% weekly returns for investors, according to the U.S. Department of Justice.
Mining Capital Coin lured investors with promises of guaranteed returns but ended up defrauding them of over $62 million, according to U.S. federal authorities.
If found guilty of the charges, Alejandro Cao de Benos and Christopher Emms faces up to 20 years in prison. Currently, both individuals remain at large.
The man solicited funds from several victims, promising to deliver S9 and L3 miners and offer miner-hosting services but channeled the funds to personal use, authorities said.
The U.S. attorney’s office announced that three New Hampshire citizens have pleaded guilty to wire fraud, operating using church accounts to help their “co-defendant” Ian Freeman.
Authorities from Germany and the United States have teamed up to bring down Hydra, with the DoJ bringing charges against a Russian national and sanctioning the linked Garantex exchange.
The two 20-year-old men, who were arrested in California, allegedly sold 8888 NFTs in early January before abandoning the project and vanishing with the ETH from investors.
Asa Saint Clair founded the World Sports Alliance, which he claimed was a close affiliate of the United Nations, and sold the native IGObit token to some 60 unsuspecting investors.
Sebastien Vachon-Desjardins is accused of conspiring to damage a protected computer to transmit a ransom demand intentionally, according to the U.S. Department of Justice.