The DOJ has described cryptojacking as the unauthorized use of others’ computing power to mine crypto. Charles O. Parks III has been sentenced to one year and a day; prosecutors have said he stole $3.5M in cloud resources and $1M in assets in 2021 for luxury spending.
ZachXBT has uncovered that 45 wallets linked to crypto influencer Crypto Beast sold $11M in ALT tokens on 14 July 2025, cutting the meme coin’s market cap from $190M to $3M in minutes. He traced the wallets to a single Celestia address and warned that remaining holdings could fuel more manipulation.
Thomas John Sfraga, known as T.J. Stone, has been sentenced to 45 months in prison for wire fraud. Prosecutors revealed he defrauded real estate and cryptocurrency investors out of over $2 million, using fake businesses and false promises to fund a Ponzi-style scheme while portraying himself as a crypto expert.
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