
$15M Gone? Telegram Crypto Project’s Co-Founder Arrested For Alleged Fraud
A co‑founder of Blum, a crypto project built into Telegram Mini Apps, was arrested this week in Moscow on fraud charges. Vladimir Smerkis, who once ran Binance’s operations in Russia, now faces an investigation under Article 159 of the Russian Criminal Code. His detention has sent shockwaves through the Telegram‑based platform’s community. Related Reading: Luxury Seized: Bitcoin […]
Related News
Pavel Durov, the founder and CEO of Telegram, has been detained by authorities in France. The detention is connected to a search warrant alleging violations of the encrypted messaging platform. French media, including Le Monde, reported that Durov was arrested upon arriving from Azerbaijan in his private jet at Le Bourget airport, situated north of […]
The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife. The Arbistar Pyramid Scheme Fuentes’ arrest stems from lawsuits filed by Arbistar clients who allege pyramid fraud after the bitcoin trading company abruptly froze accounts leaving 32,000 families affected. During a hearing, the Investigating Court Number 3 of Arona (Tenerife) described....
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged mastermind of a cryptocurrency scam, Umesh Verma, was arrested at the Indira Gandhi International Airport on Thursday as he arrived from Dubai. Local media reported that he was arrested “on charges of duping at least 45 people to the tune of Rs 2.5....
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More than 7,000 customers lost their funds in this fake hack. ‘King of Bitcoin’ Apprehended in Brazil The Federal Brazilian Police apprehended Claudio Oliveira yesterday for his supposed involvement in a $300 million fraud scheme.....
In a statement on Telegram, its CEO, Pavel Durov, alleged that a certain Western European government approached the platform asking it ‘to silence conservative voices in Romania ahead of yesterday’s presidential elections.’ He added that Telegram refused this request and emphasized that it won’t restrict the freedoms of its Romanian users. This has helped Telegram’s […]