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Youth in $37 Million Crypto Heist; BitConnect Ponzi Payout

Canadian teen arrested after allegedly stealing C$46 million ($37 million) from one person in a cryptocurrency scam. 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 $2 billion cryptocurrency Ponzi scheme BitConnect. The liquidation is believed to be the largest single recovery of cryptocurrency for victims to date, according to the DOJ. Lawmakers and regulators are concerned by high-profile cryptocurrency breaches.”]

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

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