Capital protection with high returns? That's an old trick. The name Crypto-Pal sounds just like a scam.

According to information reported by Bingjie.com, related court documents from California, the United States show that a federal jury found Daniel Chartraw, the founder of the crypto platform crypto-pal, guilty on multiple charges related to cryptocurrency and investment fraud schemes. The losses involved are nearly $1 million. The investigation found that between 2021 and 2022, he used aliases to conceal his prior criminal record and lured victims into investing in the crypto-pal platform with the bait of “principal-protected high returns,” before then misappropriating all the funds for personal use. Chartraw faces up to 20 years of imprisonment for each count and a fine of $250,000. The court has scheduled sentencing for September 28, 2026.