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News Explorer — U.S. Department of Justice Charges Three Individuals for $1.9 Billion Cryptocurrency Scam Using DeFi Platform HyperFund

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Jan 30, 12:56 am
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U.S. Department of Justice Charges Three Individuals for $1.9 Billion Cryptocurrency Scam Using DeFi Platform HyperFund

Three individuals, including an Australian citizen, have been charged by the U.S. Department of Justice for orchestrating a $1.9 billion cryptocurrency scam through the DeFi platform HyperFund. The defendants allegedly defrauded investors by falsely claiming investment returns from non-existent cryptocurrency mining operations. The DOJ has intensified efforts to combat cryptocurrency scams and schemes, in collaboration with other agencies such as the U.S. Securities and Exchange Commission.

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