• Oyster Protocol exit scammer arrested
    Alt coins,  Regulation

    Oyster Protocol founder arrested for exit scam, tax evasion

    The U.S. Securities and Exchanges Commission brought separate civil charges against Amir Bruno Elmaani for failing to register his Oyster Pearl tokens as securities

    Crypto-powered data storage platform Oyster Protocol was an exit scam that brought founder Amir Bruno Elmaani—also known as Bruno Block—a lavish lifestyle featuring several yachts, according to the U.S. Department of Justice.