Feed

Posted

Prosecutors have requested Alex Mashinsky, CEO of the collapsed Celsius cryptocurrency company, be sentenced to at least twenty years in prison for his "sustained, calculated campaign of deceit carried out over years, targeting ordinary people."

Prosecutors say that such a severe sentence is necessary not only for deterrence, but because despite his guilty plea, Mashinsky has not fully accepted responsibility for his actions.

continue reading →

tags
discuss
twitter · mastodon · bluesky · your site

Posted

Looking forward to the full-throated condemnation of this letter by those who accused the Biden administration of pressuring social media firms to moderate COVID-19 and election fraud misinfo! Any second now...

tags
discuss
twitter · mastodon · bluesky · your site

Posted

FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported losses that year.

2024 IC3 CRYPTOCURRENCY FRAUD
COMPLAINTS REFERENCING CRYPTOCURRENCY
AGE RANGE21 COUNT LOSS
Under 20 1,819 $7,778,157
20 - 29 13,591 $370,443,345
30 - 39 22,218 $1,006,382,458
40 - 49 22,555 $1,462,040,974
50 - 59 19,317 $1,184,912,854
Over 60 33,369 $2,839,333,197
Chart outlines cryptocurrency complaints in 2024: 149,686 complaints; $9.3 billion in losses; 66% increase in loss; largest age group to report is 60+.

The 60+ category reported $4.885 billion in total Internet crime-related losses to the FBI, and $2.839 billion of them involved crypto (58%).

tags
discuss
twitter · mastodon · bluesky · your site