CoinDeal Scammers Charged in $45 Million Fraud Case

Summary # CoinDeal is a defunt cryptocurrency exchange. In January 2023, the U.S. Securities and Exchange Commission (SEC) charged six individuals and two companies for their involvement in a fraudulent investment scheme called CoinDeal, which raised over $45 million from sales of unregistered securities to tens of thousands of investors worldwide. The defendants falsely claimed that investors could generate significant returns by investing in a blockchain technology called CoinDeal, which would be sold for trillions of dollars to a group of wealthy buyers. ...