Crypto Scams, Sanctions, and Disruptions: MacroSlate Weekly

• The DOJ has charged a Nevada man for his involvement in a $45M CoinDeal crypto scheme.
• The Treasury Department has sanctioned the CEO of Huriya over their connections with Russia.
• Worldcoin is facing privacy concerns due to the emergence of iris scan black markets for biometric verification.

DOJ Charges Man Involved in Crypto Scheme

The U.S. Department of Justice (DOJ) has charged a Nevada man involved in a $45 million CoinDeal cryptocurrency scheme with money laundering and other offenses related to the operation of an unlicensed money transmitting business. According to court documents, the individual was part of an international conspiracy that used cryptocurrency exchanges to launder millions of dollars obtained from fraudulent activities such as online auction fraud, identity theft, and computer hacking.

Treasury Sanctions Huriya CEO’s Tether Address

The United States Department of Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the CEO of Huriya, LLC, for allegedly using its platform to facilitate transactions with entities linked to Russia. OFAC identified the company’s chief executive officer (CEO) and placed sanctions on his Tether address—a type of digital wallet used by many traders in cryptocurrencies—in connection with this activity. The sanctions are intended to disrupt illicit financial networks that are often used by Russian actors and other bad actors operating within or outside Russia’s borders.

Worldcoin Faces Privacy Concerns

Worldcoin is facing privacy concerns as a black market emerges for biometric verification scans using iris scans as payment tokens—raising questions about how secure these personal data points are when collected through third-party sources. As biometric technology continues to develop rapidly, it is important that users remain vigilant about how their data is handled and where it may be exposed when dealing with any form of digital currency or asset exchange service provider.

Cardano Founder Calls Ethereum Classic ‘Scam’

Cardano founder Charles Hoskinson recently called Ethereum Classic “a scam project” after Ergo was excluded from the Proof-of-Work Summit organized by ETC Cooperative and Litecoin Foundation earlier this month. Hoskinson tweeted out his opinion stating that Ergo is what Ethereum Classic should have been because it “continues to innovate [and] has a purpose.“ This follows after months‘ worth of tension between both blockchains stemming from Hoskinson taking over ETC’s previous Twitter account which had more than 600,000 followers last year and repurposing it for Cardano’s rival proof-of-work network instead.


Cryptocurrency can be both highly beneficial but also risky if not properly monitored or regulated — as evidenced by recent events such as DOJ charging individuals involved in crypto schemes and Worldcoin raising concerns around privacy when dealing with third parties offering digital currency or asset exchange services . It also highlights why there needs to be more education around knowing who you’re dealing with when trading cryptos so that users can make informed decisions without being taken advantage off or misled by individuals looking to profit off them fraudulently