Daekun Cho, 39, of Woodland Hills, Los Angeles, was sentenced to 22 and a half years in prison for extorting Koreatown karaoke companies and physically attacking victims who refused to pay.
The U.S Secret Service seizes a web domain used in a new type of cryptocurrency con called Pig Butchering, which was used to defraud one victim out of $341,000.
Two brothers have been arrested following an alleged novel scheme to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds, according to a press release from the U.S. Department of Justice (DOJ).
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