What happened
Quick Summary
The founder of Mining Capital Coin committed investment fraud and mislead investors about guaranteed returns from mining coins for their funds.
Details of the Exploit
Founder and CEO of Mining Capital Coin Luiz Capuci Jr. did mislead investors about MCC's plan about mining coins and using MCC Trading Bots to generate profits but instead redirected collected funds to an independent wallet under his control. He was charged with orchestrating a 62,000,000 $USD investment fraud by U.S. Department of Justice.
Protocol details
Classification
Other
Protocol Type
Exit Scam/Rugpull
Evidence
- report Report archive.is
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