Homeland Security leads to man charged over crypto recovery scam

At least 175 people claim they engaged Coin Dispute Network to help them recover funds but never saw a single cent returned.

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A United States Homeland Security Investigations (HSI) task force probe into a fake crypto recovery operation has led to charges against a Las Vegas man. 

On Aug. 5, the Department of Homeland Security reported that an investigation by its New York task force had resulted in charges against Michael Lauchlan who ran a scam crypto asset recovery business.

Lauchlan’s Coin Dispute Network (CDN) claimed to offer services such as blockchain analysis, tracing, and recovery of lost cryptocurrency in exchange for fees.

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