Published Jul 10, 2026, 3:42 PM ET · Updated 4 months ago · 2 sources

THE BLOCK: The DOJ plans to drop charges against the alleged ringleader of the $722 million BitClub crypto ponzi scheme, says Bloomberg. The move would reverse course on a 2019 indictment that was nearing trial, according to the report.

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Original Report

THE BLOCK: The DOJ plans to drop charges against the alleged ringleader of the $722 million BitClub crypto ponzi scheme, says Bloomberg. The move would reverse course on a 2019 indictment that was nearing trial, according to the report.