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US cracks Bitcoin Ponzi scheme, involving 722 million
The U.S. Department of Justice announced on Tuesday that it had cracked a $ 722 million bitcoin "Ponzi scheme". Even more surprising is that the scam was run by only 3 men. The US Department of Justice claims that this is a "high-tech Ponzi scheme" operated by the "BitClub Network". From April 2014 to December this year, the scam gang used false Bitcoin mining revenue to attract unsuspecting Investors. Deceive them to invest and reward them for recruiting new investors. The defendant in the case, Matthew Brent Goettsche, called the investor a "dumbass" in a correspondence with his associates and said that he "established the entire model on the back of an idiot".
Huge Child Porn Ring Busted as Authorities Cite Ability to Crack Bitcoin Privacy - The child porn site, known as Welcome to Video, charged some users in Bitcoin and authorities say they successfully unmasked those Bitcoin transactions in order to catch the perpetrators
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