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Youth in $37 Million Crypto Heist; BitConnect Ponzi Payout

Canadian teen allegedly stole C$46 million ($37 million) from one person in a cryptocurrency scam. Canadian police arrested the unnamed youth for theft more than C$5,000 ($4,000) and possession of property or proceeds of property obtained by crime. Canadian SIM swap scam is just the latest in a long list of cryptocurrency frauds. U.S. Attorney’s Office for Southern District of California will start selling off $57 million worth of cryptocurrency seized from North American Ponzi scheme BitConnect.”]

Source: https://www.cuinfosecurity.com/youth-in-37-million-crypto-heist-bitconnect-ponzi-payout-a-17960

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