Trung Nguyen Van, 37, was arrested at LAX on September 24 while attempting to board a flight to Taiwan, days after entering the US through the San Ysidro border crossing. Prosecutors say a victim wired about $16 million in cryptocurrency to Van's wallet between June and August 2024, believing they were investing in a platform called 'Triangle', and that Van moved the funds to an unhosted wallet off the centralized blockchain.
bleepingcomputer.com
· 2026-09-29
The Wall Street Journal reports that a payment processor working with Polymarket flagged widespread use of stolen debit cards to place bets on the platform starting as early as February. Fraudsters allegedly used stolen financial data to wager and then withdrew winnings through other payment channels, with the processor rejecting more than 80 percent of transactions as fraudulent, far above the roughly 1 percent industry norm.
futurism.com
· 2026-09-26
Michele Spagnuolo, the Google engineer charged with commodities fraud, wire fraud and money laundering over Polymarket bets made using the alias 'AlphaRaccoon,' has filed a motion to dismiss. His lawyers argue the wagers, which reportedly netted him over $1.2 million including a correct bet on singer D4vd, are informal gambling rather than regulated financial swaps, and that U.S. authorities lack jurisdiction since he is a non-U.S. citizen.
yro.slashdot.org
· 2026-09-03
GoKawiil