Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud

The scheme allegedly included offering bitcoin at “half market price.”

Feb 6, 2021 at 5:35 p.m. UTC
Updated Sep 14, 2021 at 12:08 p.m. UTC

Serbia has extradited a man to the U.S. after he was indicted by a Dallas-based federal grand jury on allegations he duped investors around the globe – several of whom are in northern Texas – out of more than $70 million.

The scheme involved soliciting investments in binary options and cryptocurrency mining, the U.S. Department of Justice alleged. 

The binary options were advertised as “an average payout of 80%, and promised 20% refunds on every lost trade.” The fraudulent advertisements also claimed investors could “purchase bitcoin at half market price” on its crypto mining platform, the department alleged in a statement.

Serbian authorities arrested Antonije Stojilkovic, 32, in July of last year, and the FBI delivered him to the Northern District of Texas this past Thursday. He is alleged to have had five Serbian co-conspirators and one U.S.-based co-conspirator.

The DOJ claims the defendants created false trading activity, withdrawal history and wire receipts.

If convicted, Stojilkovic and his co-defendants face up to 20 years in federal prison.


Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Crypto Asset Managers Chase Yield With New Investment Products

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Bitcoin Dominates but Altcoins Lurk

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

CoinDesk - Unknown
3
CoinDesk - Unknown
NEAR Protocol

CoinDesk - Unknown
4
CoinDesk - Unknown
MOBOX

CoinDesk - Unknown