US charges cryptocurrency firm, creators over â¹38 crore scam
US regulators have sued cryptocurrency firm My Big Coin Pay and its operators for cheating investors of $6 million (â¹38.2 crore). They allegedly raised funds with bogus claims that their 'My Big Coin' cryptocurrency was backed by gold and had MasterCard partnership. The operators then misused the funds for buying a home, jewellery, and antiques among others, the lawsuit alleged.