welcome
Verge

Verge

Business

Business & Economics

Even crypto execs fall for crypto scams

Verge
Summary
Nutrition label

62% Informative

A DOJ complaint suggests MoonPay executives were tricked into donating $ 250,000 in crypto to a fake Trump inauguration fund.

MoonPay CEO Ivan Soto-Wright and the company’s chief financial officer Mouna Ammari Siala were among the victims.

The DOJ claims the victims received an email from someone pretending to be Steve Witkoff , the co-chair of the Trump inauguration committee.

The scammer, who was later linked to someone in Nigeria , attempted to launder the funds.