Home
News
Details

Canadian Man Charged in $42M Crypto Fraud Linked to Gray Digital Capital

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
A Canadian man, Nathan Gauvin, has been charged in a $42 million cryptocurrency fraud tied to Gray Digital Capital. Prosecutors allege he misrepresented fund performance and diverted investor funds for personal use. Court documents show he falsely claimed assets over $78 million and double-digit returns, while actual growth was just 1.4% monthly. The SEC has filed a civil case, and the FBI is seeking victims. Authorities are also monitoring liquidity and crypto markets for similar schemes. The FBI has linked the case to broader efforts in Countering the Financing of Terrorism.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.