The US court considered the case of Douglas Kim, he is accused of fraud with cryptocurrency. The suspect took control of digital assets, promising to use them for "reliable" earnings, which turned out to be gambling

The US court held a hearing in the case of American Douglas Kim, he is accused of organizing a Scam with cryptocurrency worth millions of dollars. The FBI claims that the suspect collected money from friends under the pretext of "reliable" investments in digital assets such as Bitcoin and Ethereum.

In fact, Kim used the funds to bet at an online casino, details are provided on the official website of the us Department of justice.

According to the FBI, Kim first asked friends to provide capital to the management in 2017. Similar offers were made several more times over the next two years. The suspect was able to convince friends to allocate funds, saying that he himself invested $300,000-400,000, and this is a "reliable investment". Thus, the accused attracted 123 BTC, 15,500 Ethereum and another $30,000. In total, the amount borrowed was more than $ 4.5 million, more than half of which was spent on gambling immediately after receiving it.

The prosecution claims that Kim is a fraudster, as he did not disclose details of his investment plan. If investors were aware, they would not have provided the funds. If proven guilty, the suspect faces up to 20 years in prison and a $250,000 fine. The next hearing is scheduled for August 19.