The US Department of Homeland Security has charged a man in connection with a cryptocurrency recovery scam
A Homeland Security Investigations (HSI) task force investigating a fake cryptocurrency recovery scam has charged a Las Vegas man (Michael Lauchlan). The man's CDN network claims to offer services such as blockchain analysis, tracking and recovery of lost cryptocurrencies for a fee. However, instead of recovering the assets, Lauchlan allegedly kept the fees and, in some cases, withdrew additional Ethereum assets and issued false promises and fake blockchain tracking reports to customers. The HSI team reported that they interviewed more than 175 CDN customers, but not one of them was able to recover any cryptocurrency using the service. In addition, about $14,000 of CDN users' cryptocurrencies were traced back to the CoinEx cryptocurrency exchange.
(BlockBeats)