Mining Capital Coin CEO indicted in DOJ fraud case

The Department of Justice is levying a case against the CEO of Mining Capital Coin (MCC) for allegedly running a $62 million global fraud scheme. Luiz Capuci, Jr. was indicted for allegedly misleading investors about MCC’s mining and investing program. Capuci and his team allegedly claimed the firm’s international network of mining machines could generate […]
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May 6, 2022, 2:29PM UTC

State lawmakers want to make fraudulent rug pulls a crime in New York

New legislation filed this week in the US state of New York takes aim at so-called rug pulls and other crypto-specific forms of fraud. Senate Bill S8839, according to public records, “[e]stablishes the offenses of virtual token fraud, illegal rug pulls, private key fraud and fraudulent failure to disclose interest in virtual tokens” per the […]
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Apr 23, 2022, 1:46PM UTC