Odaily News Manhattan U.S. Attorney Alvin Bragg announced criminal charges against an individual for defrauding customers using a "fake cryptocurrency asset recovery business." In a notice on August 1, the New York District Attorney's Office said it had charged Michael Lauchlan with three counts of grand theft and two counts of fraud for stealing funds from Coin Dispute Network users. According to the district attorney, Michael Lauchlan claimed to be able to track and recover lost crypto assets, but in reality it defrauded customers of fees and stole Ether from at least three users.