Cryptocurrency Fraud Trial: Allegations of $82.2 Million Filecoin Pyramid Scheme
China's Pingnan District People's Court has begun public hearings in the trial of five people accused of setting up a fraudulent scheme to mine the cryptocurrency Filecoin. Prosecutors accused defendant Lai Mouhang and his accomplices of creating a 600 million yuan (about ...
Multichain Protocol Faces Disruptions, Funds Blocked, and Management Uncertainty
Part of the Multichain protocol interconnection routes suddenly stopped working. Users of the interconnecting protocol have had their funds blocked by roughly $1.5 billion. The Multichain team was originally thought to be working on a protocol update, but on Thursday, May ...