Hack history / 2022 / Fraud
Mining Capital Coin
Fraud on May 6, 2022 · Scam
ONE SOURCE · 1 SOURCE
Lost
$62M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
The Justice Department released an indictment on May 5 showing that Mining Capital Coin CEO and founder Luiz Capuci Jr. was charged with orchestrating a $62 million investment fraud. Capuci allegedly misled investors about MCC’s plan, which he said would use investors’ funds to mine new cryptocurrencies with guaranteed returns. Instead, Capuci deposited funds into his own crypto wallet and used them to fund his own Lamborghini lifestyle, real estate and yachts. Capuci also allegedly ran a pyramid scheme of promoters, promising them lavish gifts including iPads and luxury cars.
Details
- Date
- May 6, 2022
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
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BlockTower Capital 2024 · Fraud · undisclosed
Velvet Capital 2024 · Hack or exploit · undisclosed
Caterpillar Coin 2024 · Hack or exploit · $1.4M
New York Attorney General sues over $1 billion NovaTech and AWS Mining crypto pyramid schemes 2024 · Fraud · $1.00B
BlockTower Capital 2024 · Fraud · undisclosed
Velvet Capital 2024 · Hack or exploit · undisclosed
Cite this page
SwanBluechip, "Mining Capital Coin fraud, May 6, 2022: $62M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht2f87fb0358/ (data as of 2026-10-31).