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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

Two fraudsters, Ross Jay and Michael Freckleton, were sentenced to over six years for a £500,000 scam involving a fictitious cryptocurrency "Telecoin."

by Jessie A Ellis
Jul 30, 2023

CRYPTOCURRENCY

Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

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