#Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor
Feds Seize $7M in Crypto Scam—DOJ Tells Victims: Come Get Your Money
DOJ asks victims to claim $7 million recovered from a global crypto scam that used fake platforms, shell companies, and coercion to drain investor funds.
Feds Recover $7M—Now DOJ Urges Victims to Claim Share of Recovered Funds
The U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency investment fraud scheme have been recovered and cleared through civil asset forfeiture. The announcement states:
The announcement came after U.S. District Judge Rossie D. Alston Jr. approved a settlement between the U.S. and a foreign bank where the funds had been located.
The DOJ’s complaint outlined how scammers relied on social engineering to gain the confidence of victims before presenting fraudulent cryptocurrency investment opportunities. “These websites were set up to mimic legitimate cryptocurrency investment platforms, but funneled victim funds to the perpetrators through over 75 bank accounts in the names of shell companies,” the authorities said. Victims were led to believe their investments were increasing in value, but in reality, the gains were fabricated.
The DOJ noted:
After laundering the funds through a complex series of domestic and international transactions, the perpetrators ultimately transferred the money overseas. In June 2023, the U.S. Secret Service seized funds from a foreign bank account, prompting the DOJ to file a civil forfeiture complaint. Following a claim by the foreign bank, a settlement was reached, resulting in $7 million being forfeited to the United States.