Tag: cryptocurrency
U.S. charges Cambodian tycoon in massive alleged cryptocurrency scam
By Michael Sullivan The U.S. government has seized bitcoin worth nearly $15 billion and charged a joint U.K.-Cambodian businessman, Prince Holding Group Chairman Chen Zhu, with wire fraud and money laundering. The Justice Department says the bitcoin is currently in U.S. government custody and calls the seizure the “largest forfeiture action” in the department’s history.…
Argentina opposition calls for impeachment of Javier Milei after cryptocurrency collapse
President endorsed $Libra crypto token on Friday before it collapsed, leading some to call it a financial ‘rug pull’ Opposition politicians in Argentina have called for the impeachment of president Javier Milei after he touted a cryptocurrency which quickly collapsed and reportedly led to millions of dollars in losses this weekend. Milei endorsed the little-known…