Crypto Updates

US Prosecutors Charge New Suspect in $45M Blockchain Fraud ‘CoinDeal’

US’ DOJ Calls for Stronger Crypto Crime Laws, Launches DAC Network

prosecutors have filed a lawsuit against a new suspect, Bryan Lee, 57, for his
alleged involvement in ‘CoinDeal’, a fraudulent investment scheme that raised
$45 million by selling unregistered securities. Neil Chandran, the mastermind
behind the scheme, was arrested in June last year and indicted for wire fraud
and monetary transaction in unlawful proceeds.

Despite a
similar brand, the scheme has no connection with CoinDeal, a St. Vincent and
Grenadines-based crypto exchange run by Adam Bicz and Kajetan Maćkowiak.

Earlier in
January, the US Securities and Exchange Commission (SEC

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