US man faces charges for $25 million worth of cryptocurrency scam

An alleged conman from Los Angeles has been charged with running a cryptocurrency scam which involved turning twenty-five million dollars ($25 million) worth of cryptocurrencies into cash through illicit business transactions. On Friday, the twenty-five-year-old man, identified as Kunal Kalra, was arraigned on charges of illegally trading cash and cryptocurrencies, majorly with drug traffickers. Apparently, he used the Bitcoin ATM Kiosk for the financial shenanigans. The US Department of Justice has also confirmed that the accused is ready to accept the filed charges and is set to plead guilty during his court appearance slated next month. Kalra’s cryptocurrency scam involved drug