On May 13, the US regulator revealed that they have proof of a $1 billion cryptocurrency Ponzi scheme.

The bitcoin market is currently worth $1.35 trillion, dropping from $3 trillion in November.

Bitcoin has lost almost 56% of its market value compared with its record of $69,044.77 reached on Nov 10.

The Ethereum blockchain, which allows for decentralized finance apps and NFTs, is down 57% from its all-time high of $4,878.26 on Nov 10.

Dogecoin and Shiba Inu have plunged 87.3% and 84% from their all-time highs, respectively.

Luna coin has lost 99.9% of its value in the last 24 hours, falling to $0.0001826.

The founder of Binance decided to suspend LUNA and UST trading.

The money involved appears to have impacted crypto buyers in the US, the UK, Netherland, Canada, and Australia.

As per Bloomberg, more than 50 criminal leads have been uncovered by the US, UK, and other officials.

'Crypto Queen' Ruja Ignatova has been added to Europol's most wanted list amid chaos.