Morning Edition · Tuesday, July 14, 2026Published at 1:28 AM EDT · New York
Justice Department Moves to Drop $722 Million BitClub Fraud Case Before Trial
Prosecutors are seeking dismissal of the mining-pool Ponzi prosecution, leaving victims uncertain what, if anything, they will recover.
The Department of Justice moved to drop its prosecution of the BitClub Network before trial, in a case that alleged a $722 million cryptocurrency mining scheme, CryptoSlate reported. Prosecutors described BitClub as a Ponzi structure that s…
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