CryptoNews

California Shuts Down 42 Crypto Scam Sites—$6.5M Stolen in Massive Fraud

California has shut down 42 fraudulent crypto websites, exposing a $6.5 million scam that drained victims of an average $146,306 each. 42 Fraud Sites Dismantled—How Scammers Built Fake Crypto Worlds to Steal Millions California Attorney General Rob Bonta announced on March 10 that the state had taken decisive action against fraudulent cryptocurrency schemes by shutting down dozens of scam…
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CryptoNews

'Opaque' Crypto Political Contributions Erode Trust, Says Center for Political Accountability

The Center for Political Accountability is sounding the alarm on the secretive and unaccountable political contributions made by cryptocurrency firms, particularly Coinbase and Ripple Labs. Legal and Financial Risks The Center for Political Accountability (CPA) has stated that the “opaque and unaccountable political contributions” by crypto firms erode investor confidence and public trust in…
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CryptoNews

FBI Races to Get $8.2M in Seized Crypto Back Into Victims' Hands

Federal authorities move to return $8.2 million in seized cryptocurrency to victims of a widespread crypto fraud scheme that tricked investors through deceptive messages and fake platforms. FBI Seized $8.2M in Crypto—Now They’re Taking Action to Reimburse Victims Federal authorities are working to return over $8.2 million in seized cryptocurrency to victims of an investment fraud scheme that…
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CryptoNews

Ripple Backs National Crypto Initiative With $50M as US Adoption Accelerates

Ripple is backing crypto’s mainstream rise with a $50 million grant to the National Cryptocurrency Association, fueling education and real-world adoption across the U.S. National Cryptocurrency Association Kicks off With $50M From Ripple to Fuel US Crypto Growth The National Cryptocurrency Association (NCA), a new initiative aimed at increasing cryptocurrency literacy across the United States…
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