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Tether’s Uruguayan Mining Troubles

Tether’s big Bitcoin mining plan in Uruguay has hit a snag. The country’s electricity company, UTE, cut power to Tether’s two mining facilities because of a whopping $5 million in unpaid bills. The Power’s Off This happened on July 25, 2025, just two years after Tether launched the project, boasting about Uruguay’s green energy. The…

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California Man Jailed for $12 Million SBA Loan Fraud

A California man is heading to prison for nearly four years after defrauding the Small Business Administration (SBA). The Scheme Abraham Park, CEO of a California financial services company, orchestrated a massive loan scam. Between 2020 and 2022, he submitted over 120 fake loan applications to the SBA’s Economic Injury Disaster Loan (EIDL) program, totaling…

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X Takes Down Crypto Scammer Bribery Ring

X (formerly Twitter) just busted a ring of crypto scammers trying to bribe their employees! These scammers had their accounts suspended for running scams, and they tried to get them back by paying off X staff. A Bribery Scheme Linked to a Major Cybercrime Group X’s Global Government Affairs team announced that suspended accounts involved…

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X Takes Down Crypto Scammer Bribery Ring

X (formerly Twitter) just busted a ring of crypto scammers trying to bribe their employees! These scammers had their accounts suspended for running scams, and they tried to get them back by paying off X staff. A Bribery Scheme Linked to a Major Cybercrime Group X’s Global Government Affairs team announced that suspended accounts involved…

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