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Nalezeno "busted": 70

Cloud Token and the Rise of MLM Crypto Projects


Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover...

From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful


Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...

China: Blockchain Tourism Initiative Launched, Bitcoin Miners Busted


Yunnan Province, China. China’s crypto-crackdown remains firmly in place, but interest in all things blockchain and cryptocurrency-related remains high in the Middle Kingdom. Per Xinhua, tourists and tour operators visiting attractions in the Yunnan Province will soon be able to obtain...

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War


A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...

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