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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

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