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ICOs Are Dead But ICO Scammers Are Immortal


The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises...

Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives


The darknet marketplace Berlusconi Market has been reportedly down for more than two weeks, according to users who patronize the hidden website. The outage has led many to believe the market administrators exit scammed with all the funds. While others speculate that government agents have...

Reserve Bank of India Restricts Indian Police to Seize Crypto Scam Amount


Legal implications on Banks by the Reserve Bank of India (RBI) have caused trouble for the Pune city police department wanting to cash out seized cryptocurrencies worth of 8.42 crore INR. That amount of Indian currency was acquired by selling 244.0925 Bitcoins. The cryptocurrency was seized from...

A Nigerian Wallet Suspected in USD 1M Exit Scam + 8 More Crypto News


Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Cryptocurrency wallet news Satowallet, a Nigerian crypto wallet, allegedly pulled off an exit scam, disappearing with users’...

Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams


Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based...

Changes Afoot for Philippine Crypto-Friendly Economic Zone


The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also...

Thailand SEC Issues a Public Warning About Latest Cryptocurrency Scam


The SEC (Securities and Exchange Commission) of Thailand has alerted the public about a fresh digital currency scam wherein the scam enterprises pose as overseas-operating legal crypto traders. These scammers lure the victims into making digital currency investments with them through their...

Minds Behind Crypto Scam Charged with $500,000 and More by US FTC


On February 16th, 2018, the Federal Trade Commission (FTC) of the United States filed a lawsuit against four individuals—Thomas Dluca, Louis Gatto, Eric Pinkston, and Scott Chandler—for violating FCT Acts by “advertising, marketing, and promotion of purported money-making schemes.” In their...

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