FBI charges Zort founder with crypto fraud and bribery of officials

The FBI accused the founder of crypto trading platform Zort of cryptocurrency fraud and bribery of corrupt law enforcement officials. The FBI said that Adam Iza, the operator of the cryptocurrency trading platform Zort, was suspected of paying three Los Angeles sheriff's deputies to obtain information about robbery targets, and Adam Iza paid the police $280,000 a month. The FBI stated in the accusation that Adam Iza accumulated wealth through shell companies, used the funds for luxury spending, and concealed tens of millions of dollars in income from 2020 to 2022, and did not declare any income tax. (Cointelegraph)