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2 founders of $32 million Centra digital foreign money arrested

Federal authorities have arrested two founders of a digital foreign money that raised $32 million from traders final yr and gained an endorsement from boxer Floyd Mayweather.

The co-founders of the Centra digital foreign money, Sam Sharma and Robert Farkas, have been arrested on Sunday, a day earlier than the Securities and Alternate Fee launched a grievance in opposition to the lads and introduced that it was halting the undertaking.

Centra raised $32 million final summer season and fall in an preliminary coin providing, a technique of fundraising wherein firms promote customized digital currencies.

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