The New Jersey Department of Justice has busted a seven hundred and twenty-two million US dollars ($722 million) cryptocurrency fraud scheme allegedly operated by three men who deceived several investors into investing in a shared cryptocurrency mining pool. In the new digital era, cryptocurrency fraud is a looming threat as it continues to gain a foothold by deceiving thousands of people into fraudulent schemes every day. Some of the most common and prevalent forms are shady unregulated exchanges, newly-created digital assets that promise astronomical gains in short span of time, or the ever-popular investment schemes with guaranteed returns. Despite the