Federal prosecutors in Cleveland seized nearly $1 million in cryptocurrency linked to a scam that targeted an elderly man, highlighting the rise of sophisticated crypto fraud. The scammers, posing as Apple support, gained remote access to his computer and stole $408,000, laundering the money through Tether. This incident underscores the growing threat of cryptocurrency-related crimes.
German authorities have dismissed reports of the death of OneCoin founder Ruja Ignatova, also known as the ‘Crypto Queen’, who is wanted for a $4 billion cryptocurrency fraud. Investigations are now focused on South Africa, where potential sightings have been reported. Ignatova’s alleged role in the massive fraud and the ongoing search for her are raising crucial questions about cryptocurrency regulation and investor protection.
