Tag: US

Trump Appoints Bo Hines to Lead Crypto Council as Executive Director

Trump just named Bo Hines, ex-college footballer and pro-crypto advocate, as Executive Director of his new Crypto Council. Hines, along with AI czar David Sacks, will drive crypto growth in the U.S. Backed by pro-crypto PACs, this move shows Trump’s big push to make America the crypto capital.

Big moves in the crypto world! Trump just announced Bo Hines—yep, the ex-college football player and 2022 Republican candidate—as the new Executive Director of the Crypto Council. This squad, officially called the Presidential Council of Advisers for Digital Assets, is all about making the U.S. the ultimate crypto hub.

Hines is no rookie in the crypto game. Back in time about two years ago, his campaign got a boost from pro-crypto PACs, including funds tied to FTX’s Ryan Salame (yeah, the dude caught up in that political donations drama). Even though Hines narrowly lost his North Carolina House race, his pro-crypto stance clearly caught Trump’s eye.

He’s teaming up with David Sacks, Trump’s AI and crypto czar, to bring some serious innovation vibes. Sacks is known for making waves in tech, so expect some big brain energy here. Oh, and let’s not forget Sriram Krishnan (ex-Andreessen Horowitz guy) also joined in as the senior AI policy adviser.

Trump’s making it absolutely clear: he’s going all-in on crypto. With promises to turn the U.S. into a global crypto powerhouse, this is just the start of his digital asset domination plans. Buckle up, crypto fam—it’s about to get wild!

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CBI Uncovers Crypto Scam Schemes Targeting Seniors in the US and Canada

A cryptocurrency fraud involving seniors got three individuals behind bars in Delhi-NCR. They were able to steal more than $30 million worth of Bitcoin by posing as tech support and law enforcement. Their job was to defraud individuals of their money by setting up phony call centers. Additionally, a Dubai-based partner assisted in turning the cryptocurrency into cash.

Three scammers got busted in Delhi-NCR for running a massive crypto scam. They targeted older people in the US and Canada. So basically, they set up fake call centers and pretended to be cops, tech support, and even companies like Amazon and Microsoft, convincing victims to send over $30 million in Bitcoin.

The crew, led by Tushar Kharbanda, Gaurav Malik, and Ankit Jain, pressured seniors into transferring big amounts of money through Bitcoin ATMs. Jain was in charge of managing the stolen crypto and converting it into cash through a partner in Dubai.

They hired over 150 tele-callers to act as fake law enforcement officers, and even went as far as pretending to be the Royal Canadian Mounted Police (RCMP). Victims, scared they were involved in illegal activities, transferred huge sums in Bitcoin. In one case, they sent over 93K Canadian Dollars.

The CBI took action after getting a tip from RCMP. Their base got raided and the scammers’ locations and finding devices with scripts for other fraud schemes were collected. This bust shows how dangerous crypto scams are becoming, especially for vulnerable older people.

Also Read: Fake Uber Driver Caught Stealing $300K in Crypto

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