New York authorities freeze 0K linked to crypto scammers

New York authorities freeze $300K linked to crypto scammers

Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media platforms, leading to more than $1 million in losses for victims. New York officials reported an investigation resulting in the recovery of ​​$140,000 and freezing $300,000 in stolen funds as part of a cryptocurrency investment scam using…

Read More
NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds

NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds

Mayor Eric Adams’s push for a Bitcoin-backed municipal bond faces strong opposition from Comptroller Brad Lander, who found the plan “legally dubious and fiscally irresponsible.” New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine…

Read More