One of the individuals behind large-scale cryptocurrency Ponzi scheme AirBit Club has had his bond reduced. Today, Judge George B. Daniels of the New York Southern District Court signed an order axing the bond for Scott Hughes. Hughes is presently released on bond. At his first Court appearance back in August 2020, he posted a $250,000.00 appearance bond that has been deposited with the United States District Court. On Mr. Hughes’ behalf and with his consent, his counsel requested that his bond conditions be modified as follows: that the $250,000.00 appearance bond be reduced to $150,000.00 and that the remaining ... (full story)