Texas residents face $12.5 million in creditor claims for cryptocurrency "Ponzi scheme"

A Texas bankruptcy court rejected a request for exemption of $12.5 million under its Chapter 7 bankruptcy law after U.S. trustees plan proves that Nathan Fuller concealed assets and lied to evade creditors’ pursuit of his cryptocurrency Privvy Investments LLC. Fuller admitted to committing fraud, misappropriation of funds for luxury consumption and forging bankruptcy documents, so he had to bear all debts.