Tag: Scam

Blockchain research platform, LongHash, analyzed the list of the so-called dead crypto coins and Scam Projects. It found out that the most common reason behind their decline was abandonment from investors. Scams Are Common Too According to the author, 63.1% of dead projects were simply abandoned by investors. Consequently, they saw their price falling to […]

The U.S. Securities and Exchange Commission (SEC) announced it has entered into settlement discussions with Fraudulent ICO organizer Reggie Middleton, the $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, published Oct. 2, the regulator said discussions with the defendants have taken place ahead of a […]

Although the crypto scams have long been touted as the solution to some of the longest-running issues in the global economy, there’s one problem it has been unable to shake off so far: Crypto scams and fraud. Scams have been in operation for centuries — from counterfeited versions of luxury products, to Ponzi schemes that […]

Cryptopia Exchange Liquidator, Grant Thornton, the firm liquidating hacked New Zealand cryptocurrency exchange Cryptopia, has discussed how best to do so with the platform’s developers. Grant Thorton Cryptopia Exchange Liquidator aims for “collaborative relationship” According to a leaked email from Grant Thornton originally dated Sept. 23, its executives planned to conduct an online meeting with […]

British Crypto Investigations into cryptocurrency firms by the UK Financial Conduct Authority (FCA) have surged by three-quarters this year, as the agency tightens the rein on the crypto sector. Scrutiny On the Rise British Crypto Investigations According to research from Pinsent Masons, an international legal firm, active investigations into cryptocurrency firms have surged to a […]

The authorities in Indian crypto ban appear to have fallen victim to their own anti-crypto regulations. Money seized from a convicted Bitcoin scammer is currently sitting trapped in a frozen State Bank of India of bank account. The authorities had originally hired a local trading venue to take care of exchanging the $1.1 million in […]

US department of justice in a filing with the New York court alleged that Bank of Ireland (BOI) was deceived by a lawyer to launder €273 million proceeds from multi-billion dollar OneCoin Crypto scam money. The prosecutors believe a US lawyer Mark S Scott contacted BoI in 2016, where he claimed to be working on […]

A mysterious gambling site Fairwin Ponzi Scam that has been gobbling up millions of dollars of user funds disappears. Fairwin, a gambling platform, has been running one of the biggest contracts on the entire Ethereum network. In the last 30 days, the platform has spent more than 51 percent of all gas, the fuel that […]

Officials of the Bank of Ireland (BOI) are set to testify against a principal actor in the alleged OneCoin SCAM crypto Ponzi before a U.S. court. BOI Employees to Point the Finger at OneCoin Scam Principal Actor According to FinanceFeeds, four past and present employees of the BOI will serve as witnesses for the U.S. […]

Thousands of bitcoiners, MT Gox Creditors are to engage in their twice a year ritual this October the 1st when some of them are to descend on Tokyo for the latest update on the longest running crypto bankruptcy case as well as to make potential decisions. The plate is full this time on what needs […]

Nigerian crypto wallet Satowallet has allegedly pulled off a $1 million exit scam, while the firm cites an unexplained OVH data server error that has kept user funds in limbo. Multiple versions to delay withdrawals After users first reported withdrawal issues in April 2019, Satowallet has been citing different versions of events to account for […]

19-year-old Elliott Gunton who earlier was convicted for hacking the telecommunication firm Talk Talk is facing new allegation in the United States. He has been accused of stealing cryptocurrencies from EtherDelta’s customers. He is also facing charges for wire fraud and identity thefts, Crypto Scam. According to a BBC report, a convicted 19-year-old hacker, Elliott […]

Bakkt‘s much-anticipated futures platform was launched two days ago, and TheCoinrise Crypto News Alert that scammers have already started attacking the company by fooling the investors and steal their digital assets. A fake website, bakktlaunch.com was launched recently and like every other scam, is asking for investors to participate in a crypto giveaway. Bakkt’s much-anticipated […]

Scammers are promoting a fake Telegram TON Token offering of Telegram’s soon to be launched cryptocurrency Gram on the social media platform Facebook. The fake advertisement with the picture of Telegram CEO Pavel Durov is taking round on Facebook in Russia. Scammers are luring in people to invest in a Fake Telegram TON Token cryptocurrency […]

Scammers on Canadian exchange Localbitcoins are exploiting sellers via E-transfer Localbitcoins scam. Many users reported that their bank accounts got frozen after making a transaction with buyers on the platform. Scammer allegedly used hacked bank accounts to purchase bitcoins from sellers. According to crypto analyst Fiach Dubh, several users of Canadian exchange Localbitcoins have reported […]

21-year-old Jasmine Vella-Arpaci from Australia is being charged with 53 counts of fraud and theft in Crypto Scam. She belonged to a criminal group who purchased personal information from the dark web to open bank accounts. 21-year-old Jasmine Vella-Arpaci is being accused of shipping millions of dollars with the help of crypto. She has been […]