CASE DOCUMENTS
Detailed investigation reports • Public court records
CryptoZoo Investigation Report
DATE: January 2022 • CASE #0001
Case Summary
Logan Paul's NFT game that promised 'fun, simple, and profitable' gameplay never delivered. Investors paid for egg NFTs that never hatched into playable characters.
Key Findings
- ▸$3.5M+ in documented investor losses
- ▸Game development abandoned mid-project
- ▸Class action lawsuit filed by investors
- ▸Paul blamed developers publicly
- ▸No refunds issued to date
Based on public court records and verified news reports
Binance DOJ Settlement
DATE: November 2023 • CASE #0002
Case Summary
Changpeng Zhao pleaded guilty to violating the Bank Secrecy Act. Binance processed billions in transactions for sanctioned entities including terrorist organizations.
Key Findings
- ▸$4.3 billion settlement with Department of Justice
- ▸4-month prison sentence (served Sept 2024)
- ▸Facilitated transactions with Hamas, Al Qaeda
- ▸Stepped down as CEO as part of plea deal
- ▸Still richest person to serve federal prison time
Based on public court records and verified news reports
Trump Family Crypto Schemes
DATE: January 2025 • CASE #0003
Case Summary
Trump family launched $TRUMP memecoin days before inauguration, admitting to $800M+ in profits. $MELANIA token followed identical pump pattern.
Key Findings
- ▸Family retained 80% of total token supply
- ▸Launched during maximum media attention
- ▸No utility or purpose beyond speculation
- ▸$MELANIA dumped on retail investors
- ▸Zero ethics review or disclosure
Based on public court records and verified news reports
FTX Bankruptcy Files
DATE: November 2022 • CASE #0004
Case Summary
Sam Bankman-Fried stole $8 billion in customer funds to prop up his hedge fund Alameda Research. Used stolen money for real estate, political donations, and investments.
Key Findings
- ▸$8 billion in customer funds misappropriated
- ▸25-year prison sentence handed down
- ▸Parents are Stanford Law professors
- ▸Effective Altruism used as cover story
- ▸Customers still waiting for full recovery
Based on public court records and verified news reports
Terra/LUNA Collapse Report
DATE: May 2022 • CASE #0005
Case Summary
Do Kwon's algorithmic stablecoin wiped out $40 billion in market value overnight. Thousands of investors lost life savings, multiple suicides reported.
Key Findings
- ▸$40 billion in value destroyed instantly
- ▸Algorithmic model fundamentally flawed
- ▸Kwon fled to Montenegro before arrest
- ▸Extradition battle with US and South Korea
- ▸Multiple investor suicides documented
Based on public court records and verified news reports
Celsius Network Fraud
DATE: July 2022 • CASE #0006
Case Summary
Alex Mashinsky froze $4.7 billion in customer funds while running a Ponzi-like lending scheme. Withdrew his own funds weeks before freezing all withdrawals.
Key Findings
- ▸$4.7 billion in customer funds frozen
- ▸Promised 'unbank yourself' marketing
- ▸Mashinsky withdrew personal funds first
- ▸Arrested July 2023 on fraud charges
- ▸Minimal mainstream media coverage
Based on public court records and verified news reports
BitConnect Ponzi Archive
DATE: January 2018 • CASE #0007
Case Summary
Classic Ponzi scheme promising 1% daily returns. Stole $2.4 billion from investors worldwide. Founder Satish Kumbhani still at large, never prosecuted.
Key Findings
- ▸$2.4 billion stolen from investors
- ▸Promised impossible 1% daily returns
- ▸Platform shut down without warning
- ▸Founder still fugitive after 7 years
- ▸'Hey hey heyyy' became internet meme
Based on public court records and verified news reports
PATTERN ANALYSIS
These seven cases represent over $60 billion in losses. Common pattern: wealthy perpetrators receive minimal sentences or remain free while victims never recover funds. The legal system treats financial crimes by the rich as civil matters while similar crimes by ordinary people result in decades of imprisonment.
"Crime Is Legal" when you can afford the lawyers.