Express

Bloomberg：Cryptocurrency Hedge Fund Founder ​Stefan Qin Admits to Massive Fraud

Amy Liu

Summary: Stefan Qin, founder of Virgil Capital, a cryptocurrency hedge fund, pleaded guilty Thursday to securities fraud, as reported by Bloomberg.  Stefan Qin was charged with duping investors by claiming he used a trading algorithm to take advantage of price differences for a number of cryptocurrencies, federal prosecutors said in an emailed statement. Qin stole investors' ...

Stefan Qin, founder of Virgil Capital, a cryptocurrency hedge fund, pleaded guilty Thursday to securities fraud, as reported by Bloomberg. 

Stefan Qin was charged with duping investors by claiming he used a trading algorithm to take advantage of price differences for a number of cryptocurrencies, federal prosecutors said in an emailed statement.

Qin stole investors' money from his Virgil Sigma Fund LP. The U.S. Securities and Exchange Commission filed a civil case against Qin in last December.

By Amy Liu

Last Update:

Tags: ,,
Link: Bloomberg：Cryptocurrency Hedge Fund Founder ​Stefan Qin Admits to Massive Fraud   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.